The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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..but they have been trying to commercailise the product for years - and tried different countries.. nothing yet suggests this time will be any different.. the share price was £ 35 once.... If they can't pull it off in China then not much hope left imo... remember they still waiting to do their TEST campaign before considering moving to commercial operations.. do you have a clue how long this will take? weeks? months? I have no idea on the time line - do you? However as a short term trading share there may be another good opportunity coming up as I;m sure the company will update again soon and provide great numbers (just not revenue) which will cause another spike before the next fund raising (repeat, repeat, repeat - the cycle here)
You do know they've been trying to 'commercialise the product' since at least 2008?
It aint over yet.. The real profit will come when they commercalise the product. Well done for taking your profit but I wouldn't count your chickens just yet.
pan out ... thanks to SuperShark I got out of PHRM with a bit of profit but saw through PHRM's "business model"
Such a good news , market was waiting for this and quick fund raise with old shareholders and some new one. But price going down ???????
Sorry didn't know there was a contract win in the works - please tell me more!
...this is looking a bit rubbish !!! 12% down - Argh!!!!
very good consolidation on placing now we are waiting for the contract win rns and china performance in detail board is very good on relising news .
Yeah the first one 20 quids .
expect more of these orders to come through today.
there are some big ones coming through !!!!!!
19-Nov-13 11:56:48 13.95 a tad of confidence! 250,000 Buy* 13.00 13.25 34.88k tpp
Thanks
No. "The Company is focused on building its revenue based on these excellent results and plans to update the market about Turkey on a quarterly basis going forwards. In addition, the Company will provide an update on progress in China very shortly."
in anticipation of commercialisation! 19-Nov-13 09:08:38 14.00 152,686 Buy* 13.00 14.00 21.38k O tpp 19-Nov-13 08:57:43 14.00 214,205 Buy* 13.00 14.00 29.99k
we can now expect monthly updates on Turkey, China etc? tpp
...disapointing to say the least - still progress apepar to be being made in China i suppose :)
Phorm RNSs normally result in a short-lived spike (AKA the 'Ertugral effect'). This one seems to have been more short-lived than usual!
Thought that announcement was going to create a lot more excitment...
** added for clarification. RNS Number : 3486T Quote:- No prospectus No offering document, prospectus or admission document has been or will be submitted to be approved by the FCA in relation to the Placing and Placees' commitments will be made solely on the basis of the information contained in this Announcement (including its Appendix) released by the Company today, and subject to the further terms set forth in the contract note to be provided to individual prospective Placees. **Each Placee, by accepting a participation in the Placing, agrees that the content of this Announcement (including its Appendix) is exclusively the responsibility of the Company and confirms that it has neither received nor relied on any other information,** representation, warranty, or statement made by or on behalf of the Group, Mirabaud Securities or any other person and none of Mirabaud Securities nor the Company nor any other person will be liable for any Placee's decision to participate in the Placing based on any other information, representation, warranty or statement which the Placees may have obtained or received. **Each Placee acknowledges and agrees that it has relied on its own investigation of the business, financial or other position of the Group in accepting a participation in the Placing.** Nothing in this paragraph shall exclude the liability of any person for fraudulent misrepresentation. RNS Number : 3497T Quote:- The Company is now progressing **towards its first test campaigns before** moving to commercial operations.
Things to look at firstly the deal with publishers is very important and in my view missed by the market, you can have users but you need the publishers and advertisers I would expect more news in this area, also user numbers expect to increase more as deployment with other ISP's progress,(so currently have 5% of Chinese users) also US investors starting to buy into the story, I would expect Nasdaq news at some point, it just makes sense, also mediator & voilette stand there corner, they aren't looking to get out, I wonder why.? You must make your own mind up but plenty if upside here I feel.
I guess we are now waiting for the end of year results to seeif they can start making some money?
Trades Sells Buys 42 604,682 751,061 tpp
And as the RNS says, they are in commercialisation discussions. Revenue announcement could come at any time and then... Very positive RNS! tpp
A little? This is about the 5th placing in just over a year! Yes if the share price keeps increasing then future fund raisings might be less dilutive but until there's material revenue the dilutions will keep on coming...