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Robld - Agreed, in fact some may say that you put out obtuse and unhelpful announcements which will obviously hit the share price…….and then you issue nil cost options to all the team at a 12-month low. Not that I would say that of course but most are probably thinking that. Time to move over and hire some savvy executives who understand the market, know what information to supply to the market. We are beginning to look a little amateurish. This is a real pity just at a time when the company has developed a product which has terrific potential.
We are down about 8% in the past 12 months despite smashing targets throughout that period.
EU launch
Sales beating expectations
EU Patent granted
US approval granted
US commercial partnership agreed
More approvals in Middle East
Launch imminent in Middle East
Company producing revenue
Company will probably never need to do a raise again.
Boom! We should be flying.
But no.
The market is really depressed because the global economy is depressed and because you can put your money into a current account and get 5% interest. Many pretty safe and stable dividend companies are paying 10% interest. Money is not flowing to AIM companies at the moment, its flowing away.
Enter our illustrious leader.
Hey guys, we won't be in profit until, well you'd probably be better coming back in April 2025 or maybe even September 2025.
Market response: well, if you say so. I'll go put my money into legal and general for a bit then.
And all because they don't want to hint at when the US launch will be. And obvs because they don't do any promotion of the company or its progress beyond the statutory AGM and interim report.
Would have been simple to say- when the US launch happens, we expect to be in stable profit from that point on. The launch will be 2024.
But nope. Take your money, come back in 2 years. Classic Barder.
...By a Thousand Cuts!
These small daily drops are hurting now and make for a sad looking graph!
One min its up next its down .Bit of good news one of the best risers . DECESIONS buy now or wait for the news
Co High/Riverwood converted their loan notes years ago and sold the resulting shares.
I suspect this is the last stages of their overhang and will likely coincide with a new China/Asia partner being announced around that time.
Remember it is always darkest before dawn.
Surely the Directors granting themselves potentially £10M of free shares should be authorised and approved by ALL shareholders. It maybe a fruitless exercise as they must have got the approval of major shareholders eg Lombard, before doing so, but at least it would give smaller shareholders a chance to voice their views!
LTH and sp just dropped below my average. Honestly never thought we'd see these prices again. Very much ready for the expected positive news flow to begin!
Yesterday saw the share price dip to its lowest in a year.As I have commented before this is truly perverse,given the positive inflection points that have been achieved.Can you think of any other company that secures a patent extension to 2040 and it leads to a 10% fall in the share price?
FUM keep telling us that they are a R and D company.What are they now actually doing?What has happened to the pain relief research or the cannabis research?What are they being paid for.
FUM cannot just release RNS’S if there is nothing to say,even though they don’t release them when there is!( the roll out to multi outlets last month)
Tuesday’s RNS is totally tone deaf given the fragility of the share price.
The interim results have been an objective lesson in how not to communicate to the market.A complete word salad with little to inspire confidence in the near future.
I think the only thing that will turn things around is when those who sold in the mid 40’s will buy again and make a good profit when they sell in the low 50’s.Meanwhile us LTH just watch and suffer in frustration.
You all keep banging on about the management.
However none of you haven talked about the fact this has been actively shorted by Lucien meyers and others and has also been the subject of a negative campaign most likely by its competitors.
The sales channel has spread out and remember investing is a marathon not a sprint
We await further positive newsflow to act as a catalyst
We are all disappointed with the current shareprice, looking at the comments on this board.
But how many people have been in contact with the company or even Lombard (as the largest investor). I know I am fortunate to have time on my hands, as I'm retired and so have been in contact with FUM, their advisors and even Lombard.
If more people contact them, maybe they will start getting the picture that shareholders aren't happy.
Here are some email addressess
info@futuramedical.com - head office
investor.relations@futuramedical.com - another head office email address
https://futuramedical.com/contact-us/ - can fill in an online form
futuramedical@optimumcomms.com - investor relations - they are pretty useless as they just spew out released company information
In the 3 weeks since James Barder gave 3 presentations around the interims, Futura’s shares have become Johnny No Friends. Rather than his words instilling excitement among investors, they have simply injected apathy - making the shares unwanted and unloved by investors to such an extent that exit selling by Futura’s former China partner, Co High, has driven the price down around 15p, or around 30%.
The slide has wiped hundreds, thousands, tens of thousands, and hundreds of thousands from the value of private investors’ holdings in the company. This alone has led Futura’s Executive to start losing shareholder support among the rank and file on this board.
That loss of support snowballed yesterday, with the announcement of options for Futura’s Executive and staff. Rather than an alignment of internal and external shareholders’ interest, we were served up the distasteful counterpoint of “in the money” options for internal shareholders versus, today, the 30% loss and counting for external shareholders. No win-win. The words of “We're In The Money” come to mind..
The counterpoint echoes Napoleon’s famous quote in Animal Farm, that “All animals are equal, but some animals are more equal than others.” So, as an internal shareholder, “I win, you (as an external shareholder) lose”. In making this counterpoint, James is akin to Armstrong and Aldrin planting their flag on the moon. He is making it clear external shareholders are not respected, at least not smaller private ones with holdings too low to make him lose sleep at night.
In “The Stretch Goal Paradox”, published in the Harvard Business Review, it is written
“What executive hasn’t dreamed of transforming an organization by achieving seemingly impossible goals through the sheer force of will? We’re not talking about merely challenging goals. We’re talking about management moon shots—goals that appear unattainable given current practices, skills, and knowledge. In the parlance of the business world, these are often referred to as stretch goals.” Contrast this as a target for achieving options with that in Futura’s announcement yesterday: “The main ongoing vesting condition is that the individual remains an employee or Director at the time of vesting.” No moon shots, no stretch goals. Nothing about share price levels, share price growth, or total return to shareholders. Just sit tight for another three years, and ….kerching! You’d think Futura is a private rather than a public company, a private partnership rather than one owned overwhelmingly by external investors.
James dominates Futura, has made missteps in the past (Co High is a case in point), and will do so in the future. He needs to listen more and / or get better advisers / employ someone whose primary task is to filter internal business thinking into its impact on share price / help build a following by quality investment managers.
He has to stop the rot.
If it is for sale in Spain why are FUM not releasing news? I’d like a timetable with launch dates for current territories over next few years along with projected revenue just to start! Why not that’s what I expect as a shareholder & so does the market! At the end of the day what they are doing is not working for the SP so change it you dinosaurs!
Nil cost options for newcomers as a golden hello is acceptable, not for directors who have been around for a while. Come on JB you just don’t get it. This market will punish you for not setting some form of stretching targets. Furthermore, our FD needs to prove her worth and start to produce compelling financial data based on the commercial deals we are signing and start to inform the market as that is what will move the needle in the short term and stop the constant slide. I have suggested before that we probably need to bring some more experienced executives into the fold as perhaps our top team made be a little out of their depth as we move from an R&D outfit to a producer. Different skill sets and expectations. If you award yourself soft options you better deliver as shareholders will not accept average performance but that should be obvious.
Im watching this share but tbh when will it stop dropping? Its a real bargain but if I wait a week could get another 5-10% cheaper so why jump in now. Not sure what's gonna turn this trend round?
History has shown us this kind of manipulation often precedes massive news
Just managed to purchase for delivery to Portugal from Amazon spain,so its now in stock and for sale
I can see this jump 50% and to 60 Pence on USA news. £1.50 plus on a take-out by Haleon. Super buy at these levels. Any real trader out there worth their salt should be all over this.
Wondering this is Haleon taking a stake in the co off Co high or whomever else
Remember co's are not charities and will extract a hard bargain
So much newsflow coming up
Keep your nerves
Well, now I know what my average SP holding price is.
Think you’ll find that was a buy toil!
There was no rise on the last two big announcements, nor sure what it will take to get this moving in the short term. Definitely lots of selling going on.
£50,000 sell for 37p.
Either someone bailing out or large holders selling small amounts only to rebuy at cheaper rates.
It will move up once seller gone and new buyers have entered.
Thats the MMs game and if you play with them you win.
1965Kevin
Thoughts?
Well couple of curved balls appeared in the frame.
1. Nil cost options{basically a small dilution)
2.Middle East events (That was/is the next big roll out area)
But that is investing for you!
One thing amongst many requirements needed is balls of steel.
Imo....Good entry opportunity. But afore mentioned is reqd
BIG RISE ON NEXT ANNOUNCEMENT
Just the norm for FUM, will start taking off soon enough. All fun & games!