We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Carrick Therapeutics look a good outfit. Chart bottomed out, Mcap just £1.3M, 71M shares in issue. I’ve seen these pharmas go nuts too many times so in for a penny.
Nice rns this morning for such low mcap... however spread is very very off-putting! Probably double now lol.
Are they planning a reverse merger? Any opinions?
They would only need a profit margin of 8-10% to put this on a p/e of 1.
Nai/Dyor
Thanks for that.
Can honestly see these back at 5-10p to be honest.
Nai/DYOR
For the record from the analyst at Davy re the latest forecasts....interesting that they see €0.4m positive EBITDA next year:
Https://www.davy.ie/research/public/article.htm?id=ST2_12746_1.xml.htm
"DAVY VIEW
Venn’s strategic collaboration with Open Orphan should feed through into new business opportunities in the high growth orphan (rare) disease market – an area of strong focus for Venn. The principles of Open Orphan will be joining Venn’s Board – Professor Brendan Buckley was previously Chief Medical Officer for ICON and brings a wealth of experience and a business network that should benefit Venn. The new financing consisting of £1m loan notes means more capital is available for Venn to invest in the business and possible M&A.
Our FY 2018 and FY 2019 revenue forecasts are now €13.8m and €16.5m respectively.
Our FY 2018 and FY 2019 EBITDA forecasts are -€0.5m and €0.4m respectively."
Well an RTO would be done at multiples of this sp I’m sure.
Nai/DYOR
I think Open Orphan is looking for a shell to merge into.. Cathal Friel is a wheeler dealer.
£15m turnover and capped at just £1.2m currently after raising £650k at 6p in July. Can see one hell of a bounce coming here to be fair.
Year high is 12p and these were once 40p !
Nai/DYOR
Once it starts moving up everyone will want in.
Nai/DYOR
At an all time low and there was a 500k buy yesterday.
Nai/DYOR
Surely this is going to bounce back up big time very soon?
I’m thinking of buying as looks like 4p will be first target chart wise.
They did a placing at 6p not that long ago and now we can buy at 1.8p. Seems too good to be true ? There’s a lot of chat on ADVFN about them.
Nai/DYOR
Just put out an RNS for a cash raise @ 19.02% dilition. I wonder if this was VENN borrowing from their books as well. Quite possible.
Again, a sterling response. The RNS is quite complex. I really do not understand why the person who arranged the loan note, and from a venture capital company, no Iess, will now be sitting on the board. If they now know which announcements are coming and when, then the SP will be up and down like....
Has this really all been orchestrated because people in the know knew a SKIN revival was to be announced imminently? A rejuvenated SKIN would boost VENN no end. If that is the case, no then that is AIM skullduggery at its finest. Wow!
Had this on my watchlist a while.
How's the funding situation? Lot of round-number sells below bid dragging this down.
Could be wrong of course. Just an observation.
RSI now going up after an 18% fall. Hmmm games afoot!
Qd - stay away from that button!
but with SKIN getting its act together, the price will possibly start to turn. If you are wanting to be in here, 50% of your desired purchase amount would be possible and save the rest for a further dip re:Brexit no deal crash etc
With a 20% fall today I'm that much more grateful for your advice the other day, AdJshare!
Some buys there. I can't buy any CFD's so I will sit on the sidelines and watch
Well the way it's falling from the sky suggests as you say a placing on the way, but at what price ?
And to think I had doubts about selling at 9.5p !!
Thank you AdJshare. Really useful.
The RSI on the daily chart is now '0'. I have never seen that. Can you have a negative value of a strength index? The weekly RSI is currently about 25 and has been as low as 18 in the past.
Qd22 - I have been in this share more than once. If you look at comments I made months ago, so probably still on this page!, they seem to have a steady supply of work and a turnover that has been £13M (off the top of my head), I think it is a bit less these days. They get the work but they don't ever turn a profit. They are either charging way too low to get their foot in the door(s) or there is a glaring inefficiency somewhere. Often in AIM companies it is inflated top brass salaries. They still need to jettison SKIN, which has been a millstone since.
If they cant start making some serious money soon then they will go to the wall as the dilution on raising money at this level kills the company. I would think this RNS this morning will lead to another placing and if that is correct , then there is little point in investing.
Unless I see something to indicate otherwise , there are nicer ways to dispose of money.
At least now they seem to have some work to do!