The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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So whom understands the RNS...
Do you ever say anything with an IQ attached , you are so well named snore.......................🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱
So VT as you do on other boards ramp the bejesus out of it hoping to lure in the gullible and uneducated, then sell as soon as news drops or in this case relisted for those to be left holding. Do not listen to VisitTimor his ramping has left many holding, just look at boil.
Glad to see this board is still kept to a discussion on ICON. Some of you need to get outside more.
GLA IMHO GLALTH etc etc... bore off
Sadly for you , you cross boards moaning clueless minnie, VT is locked in awaiting a boom and already a teeny tiny smidge in profit. Get yourself checked into Rampton Hospital or Mensa to see if anything resides between your bone dome and ears , you special needs 🤡
VisitTimor how big is the bag you're left holding here?
Almost forgot , GB's link the other day, had ITS changing its share base by what was it 19 shares, that probably a good sign things are moving forwards, share base adjustments plus/minus often come into play, to have a base evenly divisible by the negotiated price agreed by the companies. 😉
Someone posted earlier , In the Style turned a profit of was it £1.2 million, say give it a p/e style range of 6-10 , gives it a valuation by that metric of £7.2m- £12m plus icon £1.116m at Brad's often mentioned, he still sees the floor as 10p, if that metric , then return £8.316m - £13.116m shares at 10p ,would give a return of 83m - 113m shares.
The market will then see that as a say £8m mc company with current revenues closing in on £50m and seemingly set to increase, in terms of both revenues and profits, so like on many previous ipo/rto's , would see that as too wide a gap.
Rapid correction and find its new floor and trading range, until further news, raises or lowers the bar of expectation.
GLALTH............ 🤔
Back to snooze and zzzzzzzzzzzzz's , until Brad breaks the silence....... a little 🤑🤑 or 💰💰💰💰💰💰💰💰💰💰➕
As for value and shares in issue at the end of the negotiations, only those involved will know, until an update RNA message over the rns news wire, lets the rest of us in on the details.
One of my others currently undergoing rto , gave an immediate heads up, the target company in negotiations with would be valued at between £6 - £8m and the company itself would be determined by the final figure agreed, as being worth the higher of £1m or 15% of the new company valuation.
So pretty easy to calculate a ballpark number of shares and return value. In icon case or whatever name In the Style or other it returns with, until some meat put on the bones via RNA update/s, all is guesswork, been in a hell of a lot of rto's and the one thing for certain the valuation is always conservative and never close to revenues, hence majority of returning rto companies , tend to boom.😉
Totally agree Jarem, as said before , we are in the long game, the return to market is 4-5 weeks, now up to all parties to make agreements and get the new company signed off and submit the new enlarged company prospectus.
All we can do, is sit on hands and hope Brad not telling porkies about negotiations being advanced, all long rto's are down to the companies involved, first getting the deal done, then having all paperwork up to standard to submit to the FCA for a quick and clear acceptance , 2-3 weeks , then market 10 working days process, basically the last two steps of an IPO , is the end game. 🤔
So do we all.
I would think the hardest bit will be the negotiations with EHGO and Linton.to get them cleared off the books so to speak, I think once that is sorted then hopefully will go through smoothly. As previously mentioned can't see anything over the line until into May. We might see an announcement to tell us the proposed outline but only once ready for prospectus to be sent to FCA. Or we might just see We are pleased to announce XYZ...
They'd hurry up
That not to say it won't be 30m by the end of the first few days trading - Again on the assumption that we have relative low numbers of shares in issue. Then this will be quite sort after I would have thought. On paper they have turned the company around quite dramatically over the past year. So Hopefully the market will look favorable.
Not my assumption tbh, as mentioned I reckon closer to Jarems. 10-20p. Looking at the turn around of the business from where it was under Adam, Jas has created a stronger balance sheet, clean and profitable.
GB- those figures suggest you're thinking a dilution of about 5:1 then - is that right? If so, what is behind that assumption? Thanks.
Personally I am closer to your valuation Jarem but I do understand the simplified angle of 30m others pitch.
I am expecting the Enlarge Shares in Issue will amount to between 60/100 Million until we know what the deal looks like its just guestimate.
Last year the Company was sold for 1.2 million very much a distressed figure considering the company was making a lose of 6/7million and about to go into administration
This year projected profit of 1m plus with revenue at around 50 plus million. So will very much depend on what Brad and Jas agree - I would think based on projected figs would be around the 10/15 million market cap - So a range starting from 10p upwards.
Fair Elninio, its wrong for me to assume, just seems strange in my opinion that you wouldn't offer anything prior to now.
Many will assume based on the main market listing alone the company’s minimum priced market cap at launch would legally have to be £30m. If this is indeed the case then it would translate to around a 50p valuation per share. Naturally dilution will come into play as it does with all RTO's.
I'm not sure why you find it peculiar that I haven't posted before. I generally don't post on any board unless I have something to add, and I often find that people on boards can be rude, make assumptions, and not actually answer the question when you engage directly.
To answer your questions: I wouldn't describe it as 'a whack'; it was a relatively small investment at less than 0.1% of my pot, but I invested based on a recommendation from an investor friend. The same friend recommended HE1 and I cashed out of that after 10xing a similar size investment for a decent 6 figure profit, and I've had similar good recommendations from them before.
I never said I don't understand the potential of an RTO, just that I haven't been near one before. I do understand the potential, however, as per my previous post, I cannot wrap my head around the various and wide-ranging speculative SP values that people have been posting on here. I would be very interested for someone to lay out their maths a bit more clearly, and provide a bit of validation for the assumptions. What I have seen so far seems to skip over the dilution element without addressing what, in my 'opinion', is likely to be a massive dilution. I've seen posts on here speculating the new SP will be anywhere from 10p to £2 but so far without anything tangible to back up the theory.
Slim chance this opens anywhere near where it closed in terms or sp/mcap. They will be careful not to saturate the market with shares so lets say they go 10 for 1, that's a year 5-6 mil mcap. I wouldnt say that's a fair assessment of the current in the style business given its now back in profit. Lets say 20 mil for starters.
Brad say''
we believe this proposed acquisition meets our objectives and wider strategy of fostering long-term growth and value for our shareholders."
and as we have never had growth before or any value in 5 years, I'm certainly looking forward to what that statement say'' when we start trading again, whatever the SP start at, hopefully not too long like the last time we had suspension
the way the Market usually works after a RTO of a big enough revenue CO by a smaller main listed CO with no revenue, is that in all probability we will come back a lot higher than the 5.375p we closed at, and i think that's all we need to know, if you was lucky enough to get back in before suspension or topped up'' to average down..
2.5k worth about just over 22p
It's been that long and forgettable holding that I was getting very confused with my breakeven figures.. Forgot to factor in the stock split into the workings
You got 1% at .17 yet you’ve never posted here before? That’s a little peculiar imo. What made you take a whack without showing any interest? Assume you felt an rto would come to light, if so it’s odd you don’t understand the potential of one?
1.60 for me.
one day I guess….