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absolute joke that the business (minus cash) valued at 40mn....it is a joke right? Company PR really gone downhill....Come on Mo, show some fight
Only joking by the way, but would be funny...
If CF is looking to spend the £20 million cash on buying another company, there's a company called Poolbeg Pharma that's trading at over 50% discount to its IPO, and according the CEO they are expecting great things over the next 12 months. What a bargain buy that would be for Open Orphan to buy back their own spin off for a 55% discount!!!!..:-))
Moni - nothing back from Walbrook either. I have just chased Louis Ashe-Jepson. Will keep you updated.
Sadly still here. The fact this share price is now below 9p is disgraceful.
Disgraceful in two parts, first a company with 50m in revs, spin offs, cash in bank etc should not have such a meagre market cap - with revs of 50m you’d assume a market cap in region of 120-150m surely.
Secondly disgraceful because of how the business has been run, it’s the fault of an over exuberant chairman who made false promises and continually over promised.
A recent RNS on upcoming presentations, what will that do?
I continue to hold because I’m stubborn and don’t want to take on a loss but I’d take a buy out at 20p.
... there.. their..
Don't think anyone doubts OO can be profitable but on a fixed cost base, they need to get there revenue up.
Guidance of 50M for Y22 but only achieved 18.9M in H1 so they have a lot of catching up to do to reach their own guidance, - a 65% increase in H2 revenue compared to H1 - which if they achieve it, makes you wonder why they haven't been closer to doing 30M+ per half year period already considering their order book has been reportedly full for the past year and and a half.
These doubts in management's credibility will only dissipate when they start to consistently achieve what they promise to achieve.
I stick by my comments on increasing profitability and these are well supported by the commentary and figures produced in the Interim Results. Further these are expected to increase with the extra activity expected in the second half of the year.
EBITDA earnings for the first half were £2,290,000(up10%) and margins up by 12.1%
I accept EBITDA is the most generous of interpretation of profits but it is generally accepted as indicating the operational performance of the business
Taking off the biggest charges (eg depreciation) gave us an operating profit of £668,000
Taking off other non operational charges gave us profits before Income Tax - which is the best indicator of the performance of the business- of £453,000) I tax was 176,000 reducing the figure to £277,000 profit.
Other non- operational charges reduced this further to a final PROFIT figure of £104,000
Further comments in the report suggest sound progress will be made over the rest of the year
Flu v that has sat there for over 2 years after it's only rival failed and now other bios have caught up to it. That flu v?
Not that it's any of your business but I did hold but I sold out on the way down. It's quite clear that this share got massively ahead of itself
reaching the highs of 47p fuelled by the lies of CF. I was lucky because I got in really early but alot did not and are now massively under water. I don't want to see anyone lose money but on the other hand you get people like Noel spouting complete rubbish like 'increasing profitability' nonsense when they haven't even made a profit yet so how can it be increasing which will sucker even more gullible PI's in. Before anyone comments about me not holding, if I chose to comment on this board that's my business because it's a public forum and complete aholes like strictly and shandy throw insults thinking they know my situation whey they know precisely squat. You should always be prepared to re-evaluate your position in a stock if things change.
Whilst Putin tries to destroy the world viruses just get on with their job of harming people....nothing has changed for OO's prospects as more vaccine development continues unabated...just wondering what is going on with Flu-v and hopefully more Covid HC's in the pipeline...
https://news.sky.com/story/more-than-30-million-urged-to-take-flu-and-covid-vaccines-to-stave-off-potential-twindemic-12706435
The t w a t said he had 7m shares unbelievable sad fantasists on BBs - I suppose it gives them some sort of contentment.
Still no reply from Walbrook regarding the recently published article on Flu v vaccine. What's the point in having a PR contact if they don't reply? Maybe something going on behind the scenes? Did you get a reply Timber?
Iron wan k - "I'm just expressing my opinion of the situation as I see it now".
Why are you still here? You've expressed your opinion and supposedly haven't lost any money, so presume you have never invested here.
Please take your bum boy bob with you
I believe, and it is has been implied in presentations, that Cathal and Mo are trying to be more professional in their reporting and media engagements in order to bring on more institutional investors. I think this is also why the spin outs are mostly out of sight now. My personal view is that when they have more solid news on the spin outs they will be announced and swiftly dispatched because of the institutional investors.
But the downside of all this is that there is less hype about. And people have to take it on faith that the spin offs will be delivered and that profits will come. I believe it will happen this way, but others see it differently. And that is just a difference of opinion.
It is a tough hold right now, but so are many, many shares, but I would say is a good buy as part of a balanced portfolio. I continue to hold. A couple more contract wins will solidify the share price again in the 10-15p range I would say. And any big contracts (£14 million plus) with some of the expanded services they are now offering included would demonstrate new avenues opening up, and could increase confidence and the price too.
My personal view is that stock is in that awkward stage between being valued on sales and valued on profit. The quicker Mo can bring some recognisable profit, and increase the cash pile, the better. I think spins off are not even recognised at all in the current price as most are not considering now.
I would love to see them buy some shares back too. That could move the needle too.
This is all my personal opinion. Not advice.
Like others have said the business is healthy from many angles. It has cash, it is making intelligent decisions by expanding its offerings and has forward sight on sales.
It’s market cap now is round about £60 million today. It probably has £20 million in cash. And it will remain somewhat unaffected by a recession.
By definition a stock stops falling when the bears stop selling. Sentiment and bad headlines in the media about the markets in general can cause panic. But at approximately 1x forward sales this stock will have a bottom hopefully any time soon. Lots of their customers are paying in dollars too, which actually is a good thing as it makes things cheaper from a dollar point of view.
I too was disappointed with a target of £55 million next year. I would imagine they will do more than this, so why not at least say £60m. We are now in a genuine under promise and over deliver leadership following what could be described as an over promise environment previously.
Personally, I believe they really want to deliver the spins outs as soon as possible. For this to happen I believe POLB needs to be above the IPO price of 10p. This could feasibly happen by year end if the POLB1 challenge studies come through well. And they of course need this crazy global atmosphere to be more accommodating for DIM to IPO. Let’s hope that comes along early 2023.
From listening to Mo talk, I think he is really focused on delivering profits from the turnover they have. This will really help the share price too. As a CRO Open Orphan, soon to be Hvivo, is below what is considered a normal valuation.
Just read the Results RNS and you’ll get a full picture of the success of the business over the first half year, the more recent achievements and the increased order book and the excellent prospects ahead. A significant achievement by all concerned!
Clever dick aren't ya. No I'm not struggling with any figures. I can work out the % revenue growth or lack of in this case perfectly well thanks.
Their's different ways to look at it, revenue might increase from the previous year but it's not exactly huge is it considering the supposed 80m pipeline.
No comment on profit or again lack of I see.
Iron - I think when its said Revenue is increasing it means more revenue from one year to the next - very simple really but you seem to be struggling
How exactly have orders increased? Revenue from 21 to the projected 50m in 22 is approx a 35% increase. Revenue from projected 22 to projected 23 is only 10% so revenue is actually decreasing on their own figures.
Increased profitability you say, how can they increase profitability when they havent even made a profit yet and we haven't had full year figures.
Bob, with the exception of C F, who seems to have moved on to more strategic matters and the future of Poolbeg, the current management team seems to be performing very well. Capacity increased, orders increased, new services, further integration of the business, increased profitability etc etc.
Mo and the leadership team within the business are doing an excellent job of ensuring the success of the business.
I feel a bit of an idiot ! 'signals' !
Regarding timings.
Sadly the management team at OO lack any credibility. CF talked crap and totally misled the market. Cost many HUGE amounts
The current price reflects CFs credibility = 0