The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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A few hours in AIM is a very long time. Who is the comedian now.
This suggests the the Contract had already been priced in and more (as often happens on aim ) hence the drop from 4p. Unfortunately some will have bought on the spike and will now be down 25% temporarily. I sold the vast majority of my holding here in 2013 at a 50% profit but kept a few running free. However now watching this closely looking for the best entry point.
…buy or two by the Board wouldn’t go amiss now the news is out.
Told you all to get out while you can and this was dropping back below 3p. Fooler has no credibility whatsoever
Short term traders exiting, clearly.....
The nature of AIM these days sees many playing in such a fashion, and so there can readily be a decent retrace off the back of a rally.
But fundamentals investors should start paying attention here now .. especially including Mr Fowler - hopefully - publicising this widely in the coming weeks, to get it even onto more fundamentals investors radars in the first place..(you can tell by the relatively small number of posts here that this is not - yet - a remotely widely followed stock on AIM)
When on their radar, plenty will likely see a market cap of 10m gbp ish versus the fundamentals here now as joke low.. and buy in .. and that's generally bigger size and stickier buying
IMHO & DYOR
Very disappointed in he share price.
Company has revenue stream, long contracts, great prospects, and a mcap that is lower than lots of companies with nothing but a spade or hopeful drill target.
This should be going up not down.
Those selling here had opportunity to sell higher before the news, and if they held it would be going even higher....
Just don't understand the market sometimes.
We need a few good news articles to spread the information and attract long term holders.
Get the company name out there.
And here we are at 3p, it's fate I'm telling you :)
Try buying size online no chance, mm's say thank you to all the sellers while offering next to nothing 10% higher prices and people still sell...
Yesterday was transformational for the company. You would expect to be sat on at least double 3p but its symptomatic of a fast rise off such a low price in anticipation of the contract. It will go again once the ones who took a punt are out.
Middle of next week after the investor calls, that gives time to allow quick punts to exit and some press and promotion.
WSG is still a relatively unknown company.
GLR: I agree re profit. Doubt we’ll be taken out any time soon, but the profit makes a huge difference. Should stem the tide of endless capital raises, give more confidence to potential customers, and just massively improve the balance sheet.
This should make WSG profitable this year (I’m assuming $5m rev, so (hopefully) over $2.5m bottom line…..less any financing costs.
It really should be transformational.
I assume the traders were hoping for a pop and didn’t get it so are bailing. There is the catalyst of the investor presentation next week and then the start of operations in July. Not to mention the potential for another MSC signed this year, as H&N mentioned.
Exciting times for those with a little patience
Being profitable makes all the difference, whether its $1m PA or $5m PA (depending on margins and eventual bottom line) put you on the radar of institutions, the contracts are all long term deals so less risk vs a one off contract or hoping to repeat YoY, and dare I say they may be on the radar of some larger players like allied who may want to swoop in and buy them out (only if profitable of course)
Yeah fully agree with this.
The Mcap here is just too low for a company that has a strong revenue stream.
There's been a big rise before the news, but it's worth a lot more.
Shame to see the usual sell on news dumping and the price retreat though.
It's always the same on aim though, short term thinking.
This should grow gradually now, it's worth a lot more than the current 3p.
Will be nice to get a bit more news flow and a steady climb to 4/5/6p+
Who knows we might see dividends in the next few years at more than the current SP
Yesterday news were BIG, no doubts about it.....
Initial reaction was with a jump(rightly so IMHO....) followed by a drop as it often the case especially after the recent massive rise while the sell on news brigade banked handsome profits (you can't blame one for doing so.....)
However, when the penny drops I am fully expecting further rise simply as the current MC is still way to low when you consider the much improved prospects. Again IMHO.
GLA.
It happened before!
I’m in can only see this getting better great company tbh
Good luck all
Great announcement for @wg_plc
yesterday. A ten year contract with the first 12 months yielding $10m of revs. These revs will grow, they are just the beginning. Margins look to be 60% judging from their other MSC in Sierra Leone. They have £800k in the bank to immediately get the project going. They are looking to fund the rest of the capex via debt. Indicative terms can now be offered as the contract has been signed and delivered and the exact terms are known. The stock has traded huge volumes the past few days. It's turning from a 'jam tomorrow' stock to a 'jam today' stock that will be valued on multiples of profits as time goes on. Worth remembering they were hoping to sign two MSCs by the end of 2023. It didn't happen, delays! They have just got the first one over the line. More contracts will come, particularly following this one. Ratification not only gets the contract moving but gives another stamp of approval to @wg_plc
That was Harold, and he headbutted Fowlers car! Ha ha
Tosh?
i wasnt there,but from memory,didnt tosh get that hammered....you all had to carry him to the train station.lol
Very well thanks Peter, great to hear you're doing well, keep smiling and winning !
Yes still batting my good lady and I have the usual age related problems approaching eighty,hope you and your family are flourishing best wishes Peter
Manx
cowgirls are nice,john77 likes his booze
memories.lol?
Ah hi Peter, they were some good times and get togethers, just a shame we were all sucked in by fowler, but fair play to him, he was very convincing, and we all learnt they hard way. Hope you are keeping well too.
Good to hear from you SFU i bought the week after riddler and met you,mos,smudge , and.tosh at the 2015 agm I think and still have my shares good to see this finally moving forward.Peter
Long time Mickey, hope you are well old mate
They've literally given the initial revenue figure for the first year and standard MSC margins for every results is over 60%