The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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SUMM was the 2nd highest holding after Magna which is good as they have great news out today.
Plethora is up some 30% today after receiving a company update, hopefully the start of a turnaround there. No reaction here so far. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PLE&ArticleCode=xid4iaww&ArticleHeadline=Company_update 11 March 2014 Plethora Solutions Holdings PLC ("Plethora" or the "Company") Company update Plethora (AIM: PLE) is pleased to inform shareholders that our recent meeting during Q1 2014 with the United States Food and Drug Administration ("FDA") has now unambiguously defined the path to a successful submission of the New Drug Application for PSD 502. Appropriate actions are well underway with the Company's various consultants. Importantly, the FDA has confirmed that premature ejaculation is an area of high medical need with a requirement for effective therapy and recognises the importance of the initiatives that Plethora has made towards this goal. The Company sees a significant potential market opportunity for PSD 502 both in the United States and EU. Based on the Company's internal modeling and pricing input from its US marketing consultant, the Company forecasts in excess of US$1 billion per annum peak prescription sales. It therefore sees significant value in PSD 502 for the Company's shareholders and correspondingly, management is to looking to unlock that value as quickly as possible through bringing to closure negotiations with potential marketing partners. In this respect, the Company has received several expressions of interest for out-licensing PSD 502 in the US, EU and other territories. Negotiations are at a more advanced stage with a number of potential marketing partners and the Company is hopeful that an announcement will be made in this regard over the coming months. However, shareholders should please note that given the nature of licensing talks, it is not possible to determine with accuracy the timing of completing such agreements, nor to give guidance on the terms thereof. The Company is also making excellent progress with its preferred manufacturing partner and is hopeful that an announcement will be made within the next month.
I am fairly confident in Magna-I have no inside knowledge as to their portfolio I am afraid. PEBI is pretty tied in with the performance of Magna-hence cannot understand the discount and to be honest why the people promoting Magna are not getting clients to invest in PEBI as a cheap way in. I did speak with them and I am not sure they have thought about it-possibly they get no fees, so little desire. Re AVAP worst de-ramp ever, I am in communication with Company and the guy was posting rubbish. MPO- a nice one and more to come as they are distributing cash. I am waiting for PEBI to get to NAV-maybe a few months and will then sell-I bought due to discount and plenty more out there, though having to look increasingly at HK for good opportunities
Suggest send email to Marketing@charlemagnecapital.info. They are very helpful They send embedded link to newsletter on monthly basis
They were in the top 10 when I got an email highlighting them, maybe they sold them on the big spike but I'd be suprised if they don't have them, where can I find the newsletter please?
there is no mention of the holding at 31/1 Magna fund newsletter report.
Typo - second paragraph should have read Magna is up 12%...
Arrowhead is one of Magna's top 10 holdings, which are all doing well.
rivaldo - I really hope you are right however the January NAV update suggested we held just £318k of quoted assets. Unless Jim bought some ARWR after the period I think we may have missed that boat. I do believe Magna are holding ARWR stock - they are up over 12% year to date and over 14% from the 52 week low. Since the 31st December ARWR is up 12% and at the time PEBI had just shy of £2.75m invested so our Magna holdings should be worth around £3.08m. Add to that the uninvested cash after mgmt fee due of approx £390k and that comes to £3.47m - the current MCAP! The rest of our holdings are discounted http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11836883
Good day sir, I have appreciated your recent and very direct responses to an irritating poster on the AVAP board. I preferred not to enter a potential affray there, but I agree completely that the poster is a deramper who possesses limited knowledge. In my opinion, he ought to direct his deramping efforts to a less promising share. Just wondering about your confidence level as to whether Arrowhead shares have been retained either at PEBI or Magma. I guess Magma is substantially the same as PEBI, but I am not completely sure. You might remember that I respect your knowledge greatly. A brief reply at your convenience would be very welcome. Congratulations re MPO. I traded for a little gain, but some China news caused me to exit foolishly. I should have been a cooler head, and I would have prevailed like you. I know (as you surely know) that gambling is a big attraction in that part of the world. Regards, Rob
Must be wife's dealing account. I will look into it. Have a few profits that I should cash in and move to PEBI-one of the few shares I totally beleive in. I tend to avoid the it is going to double overnight stocks.
Hi, it's just down to AIM investors these days chasing big one day rises and in general not looking to invest for more than a few months, we all know here that barring a huge Bio Pharma crash we'll all make between 40% - 100% depending on performance between now and Nov. Not availible for ISA's? Why not? Mine are in normal account and was going to put some in ISA later in year.
As you will all gather I used to be a stockbroker-many years ago. My specialist area was Investment Trusts. Used to try and get them wound up if trading on large discounts and when announced discount would be a few %. I fail to understand the current discount-I can only assume as a small plc, shares mainly held by P.I who do not understand the discount to NAV and the guaranteed return available(Price v.NAV). Would buy more but not available for ISA and SIPP fully committed.
ARWR is $26.32 now :o)) I calculated previously that PEBI had around 160,000 shares the last I heard. PEBI's holding in ARWR alone would therefore now be worth £2.55m or so - not far off the entire PEBI m/cap. I don't know if Magna have kept all the ARWR shares though? The interims in 3 weeks or so should make interesting reading! Hopefully they'll include some narrative on post 31/12/13 NAV movements given what's happening....
A great post on iii Monday 22:09 The only bit he misses is the additional upside potential from IPO's.
I don't think they will be reducing the holdings on the next update, certainly not Summit as Jim has just agreed to purchase a further 3,846,154 shares at 6.5p because of a share placing. Summit are having a 22m share placing which will fully fund them for the next two years. Once the placing has taken place and the dust settle's and we have good reports on both drugs in phase 2 then hopefully Summit will start contributing to both the PEBI share price and NAV.
This is the chart I follow. They seem to have it in US, EU and UK currency so I'm not sure if this is the correct one however they are all very similar. http://www.bloomberg.com/quote/MBIBAAE:ID
It should indeed track closer to the Magna fund. It will still have influence from PLE and SUMM, though I wouldn't be surprised to see a further reduction in holding at the next update. Seems they are keen to move towards holding as much as possible in the Magna fund. As for BLNX - I pulled out pretty quick. Misread the bottom and sold out with a few % loss. Glad I did too, has been falling pretty heavily. Considered jumping back in there soon, but it's a dangerous game trying to call that one. A little more clear cut here so likely will put what I can in here. I expect the price to have risen here by the time I can buy in, but it's got legs for a good gain yet.
Hi Dan, thanks for your message. I agree it has been tracking the movements of SUMM and PLE even after PEBI disposed some of their holdings there, perhaps owing to one large investor reducing his stake at the same time. Like Vegas has been saying we should really be tracking Magna Funds movement - it touched a new high yesterday and is up about 10% in the past year since listing. I wish you all the best with BLNX and hope you join our journey soon. You'll be grabbing some much cheaper than I paid :)
Much appreciated! I realise that with the size of my PF currently (still young!), there's no way I can have a position in every company that I feel shows good value, but I still like to track those I find interesting. It's good in some sense too, as whilst I'm not invested I naturally take a completely impartial stance. Nice to see a little more rise here this morning. I've freed up a little bit of cash now, but ideally want to hold off till I have at least a few £k to put in. I'm intrigued as to if/when the SP here really takes off and hits something close to NAV. I'd expect somewhere around July it should be trading at a much smaller discount, maybe around 5-10%.
Yes after a mad/crazy few days of dropping for no reason it looks steady and heading slowly back up. It's nice to see a straight talking neutral guy on the bb's who acknowleges the strengths of a company whilst not holding but looking to buy in, most don't do that so hats off ! I hope you get a good but in and actually I was happy that I got chance to buy some at under 9.5p the other day. I think we'll see an IPO soon as we have had a good amount of cash in private companies for a while now with no IPO's and that was the intention of investing in those companies so hopefully we'll get a good IPO this year.
Slow and steady, but looks like PEBI is regaining some of it's lost ground. Happy for you holders! (From a selfish point of view, I'd almost like it to hang around as low as possible to facilitate a move in here - but there's no reason why it should be this low!).
Yep - the current valuation of PEBI is a little strange. It seems to track a little too closely to SUMM and PLE. To be honest - I'd expect a slight drop since the last update (given really weak performance from the above shares), but I feel it has been a little over exaggerated. There's good value to be had here; especially if you believe SUMM and PLE will come good. The Magna fund should be really stable so I wouldn't expect any substantial rise or fall from there. As always, note that I'm not invested here. Will look to invest profits from BLNX if it comes good.
SUMM falling wiped off maybe 3% of our PF value last week as we only have 12.5% of pf value held there. Meanwhile the Magna fund which makes up 55% of pf value (4x the size of SUMM holding) was up about 5% last week and is resting near the year high poised for further gains. The way ARRW has been trading I wish I had invested all my cash there, however happy to wait and realise gains in PEBI.
Ticking up