The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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"The fact other US peers also fell on Friday doesn't inspire confidence"
.....the fact that US peers are
Trade desk 27 times what Tremor is valued
Magnite x 3 what Tremor is valued
Pubmatic x1.5 what Tremor is valued
Does inspire confidence
Of course the Parrot is tweet tweet has he has just had his daily special seeds of c....! lol
On Nasdaq they closed at 17.90, which is eq sp 648p. This is still lower than the 660p they closed at in UK.
UK could move lower on Monday morning to narrow the gap.
The fact other US peers also fell on Friday doesn't inspire confidence.
I’m no expert but one expects there is no way the unknown can be built into the price, that would be just plain daft. If you have a hunch that the next set of results will be good, as I do, this could be an excellent opportunity to get back in.
Having had time to digest what happened Friday, I must now reflect that the stop loss triggered at 738p (having paid 730p) is a positive thing as I can now buy back in at a much lower price around 650p. Im forgetting the days loss of around £14K in my ISA holdings because I didn't have any stop loss on these but am massively in profit anyway, and I still have all my shareholding to watch it rise back up.
That is now the 64K question - Whether to buy back in early Monday or wait another day to see how the US will react. Sure it pulled back from lows of just over US$ 16 to finish at US$ 17.90 but looks still volatile. BUT I'm still confident that the next T/U or 2nd quarter results will be excellent but is that already built into the price at current mid 600's level.
15% down will look like a good day come Monday, if the US listing keeps moving the way it is.
This is what dilution and a company with shady history does.
With the Nasdaq listing already showing a substantial fall to around US$ 17.60 and a falling market in America I am expecting further falls in UK price come Monday. So in some ways my stop loss has turned out great despite my ISA getting a tanking. I still hope for a better price with the next trading update.
It goes live at 3pm in Nasdaq
>Null
The ADS pricing at US$ 19.00 per ADS represents US$ 9.50 per share. At today's exchange rate this equates to about £ 6.80 per share. But the AIM price is still around £ 7.22 as I write so does this indicate further to fall today ? I was slightly miffed this morning when a stop loss I had set was triggered at £ 7.38 early on then I saw the price recover to around £ 7.80 since when its drifted down.Ive still got a bagful of Tremor in my ISA but the stop loss sold me out of everything in my fund account albeit with a small profit. But I'm now wondering with this new ADS price falling so short of my expectation, whether to just hold fire on getting back in.