The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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lol..... could say the same to you about the BOOM you promised me from BOOM.....lol I feel a stonking WSG rns 'imminently' in me bones if that's any consolation to you.....
smudgedan- thanks from me also for your input here re the presentation tonight, sounds promising although could turn out to be a slow burner....we shall see....!! just one question for you.....as you have 'skin in the game', how happy are you to hold here or even add to your holding, after what you heard tonight...?? thanks again atb
Well he had quite a bit to say, but wasn't giving anything away about WSG. I did try a little gentle probing but he was having none of it!
I think they are feeling their way through the process (bearing in mind this is the first deal) and I think would struggle to offer a definitive timeframe. Ivan mentioned that he regretted mentioning the first contract early on due the resultant expectation amongst PI's and subsequent phone calls he has received on a regular basis since. Probably similar to Peter Fowler at WSG, which is slightly ironic as I was sitting next to Ian Selby this evening. For the record he didn't seem keen on INC!
smudgedan - many thanks to taking the time to post your notes here, much appreciated. All sounds very positive to me.. let's hope Merico can successfully sell this PPP product. Any timescales for their forthcoming plans as yet?
Just returning now from the evening which was very good indeed. The most fascinating part for me wasn't INC but the guy who runs Darwin talking about primary bid, who could be pretty revolutionary, but that is another story... Made a few notes regarding INC below, apologies for the scrambled content but writing them up as I took them: INC have some ownership in Merico Financial (level wasn't disclosed but probably in an RNS somewhere) According to Ivan Couchman Merico are the only company currently offering a new financial product called the Principle Protection Program (PPP) which is a guaranteed life insurance product. INC are acting as a service provider for this product, earning fees and commissions for administrative and checking services. (Like the contract announced in November) Merico are planning to list on the Canadian stock exchange at some point this year. PPP is a version of a senior life settlement policy (SLSP) which has a target market of high net worth individuals aged 84 or over and with a 5 year minimum period. The plan is that in addition to the administrative work, INC will also place reinsurance to these life policies into Lloyd's or other major international insurers and have lined up a $500m reinsurance facility for this. INC plan to become FCA regulated ( this at some point would enable them to potentially launch PPP in Europe ( quite a long way off I think though) Ivan is still confident that he will see further contracts in q1. The presentation should be on the Shareprophets website shortly. Annual running costs estimated at £250k. He thinks that the $30m deal announced could be the tip of the iceberg and his hope is to see 10 contracts this year. It seems that Merico has first mover advantage, so they really need to capitalise on that. David Lenigas owns 2.99%. To summarise, this is really a play on how successful Merico are in selling this PPP product. Ivan didn't think there was anybody else offering it currently, but I need to try to find that out. Ivan seems to be a decent, honest guy, albeit that he didn't really seem to know every facet of the business. Apologies this was written in a bit of a rush but should give you a flavour of the evening.
Come big news coming hopefully, what happens at these evenings, present and then investors buy in?
Bit more info: shareprophets seminar tonight 6pm - 9pm at Mirabelle's Wine Bar, 91 - 95 Clerkenwell Road, London EC1R 5BX. Presenters are: Insetco, Bluebird Mining, Collagen, David Lenigas on Horse Hill, Tom Winnifrith & Anand Sambasivan. 20 min per slot plus Q&A. Hopefully they'll post up a video of this soon.
Evening and inc are presenting
My original buys at around 0.18 looking a bit silly now. So there's a bit of delay and a raft of impatient investors sell up .. at 0.14 or similar. Hard to understand why really, news is coming and this will fly, IMO. Hold on folks (or buy more at this bargain price)!
Is it a conference or something
close.. Lets see what this evening brings
Cheap as chips buy more
He is a fellow investor.. He posted on here he will update everyone..
Who is he? I will be calling Ivan later on today. Regarding today's RNS and tonight presentation.
He is going.. He posted here last night.. Smudgedan !
Just a tree shake, buy on cheap..
Just paper work, news due within in two weeks. So far I have been spot on. Tonight we need to get info, make sure you guy goes
U did indeed mate.. Patience as always, and this will move nicely..
Mm
Great result today, yes disappointing with the write downs but all coming together now. Exciting times ahead. We are still in business and have a great asset. That's all that matters.
Ivan only issued the RNS, regarding the delay. Which I told you last week fryup. News due within two weeks, good time to top up.. Tonight share prophet presentation with Ivan, one to watch, and read. Trade thanks
The Company announced on 26 November 2014 that it had signed an agreement to provide administrative services in connection with the sale of senior life settlement policies and expected to receive first revenues of $300,000 by 31 December 2014. The Company advises that completion of these orders has been delayed due to extended due diligence by its partners into the policies subject to the sale and satisfying compliance procedures in multiple jurisdictions. The Company has been informed by its partners that the requisite due diligence is nearing completion and the compliance procedures now met. The Company will update the market once these first orders have been received. Ivan Couchman, Chairman, commented: "We are working closely with our partners in Canada and, whilst we are disappointed that there has been delay in completing the initial orders, we are optimistic that defining the mechanics of these orders will pave the way for further orders in the near future."
What rns you want me to post up ? Todays ?
Morning mate.. Yes not gone to plan thus far, but delays happen in business.. I have it regularly in my own business.. What more news u expecting then ?