Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Going by the last 2 years, we could see an announcement tomorrow or next week.
2019 there was no profit warning or indeed, dare I write, a positive profit alert.
In 2021 the profit warning wasn’t made until the 2nd of March, however. Before the announcement which included an op update, there were 4 op updates preceding which could be the reason it was delayed by a few weeks.
Let the good times roll,dougie!lol
Up 1.12 % today guys !! The money fountain has been turned on again!
And to add salt to the wound……
The current market cap to long term RPG investors is only about 0.5mill gbp. For long term Ple investors it’s around 1mill gbp. These figures take into account the dilution effects since the PLE takeover. Disastrous. I really do not know how JG has the front to state in announcements that the company is increasing shareholder value.
Dougie,
That is indeed true, but as I have mentioned before, RPG are supposed to have run out of money come the end of Feb, then what ? Given the A team and their hangers on own 60%, where will that leave private investors if another cash injection is needed. The only hope left for us is if there were a US agreement signed which I would expect would inject some operating cash and they agree to pay for the phase III. Unfortunately, if any agreement were to have been signed, they must give out that information to the market immediately and since they have not, then I can only assume an agreement is still not in place.
Of course I don't expect JM will want to expose himself further in buying more shares (or even taking the company private as that is not his usual MO), so the only thing left is for him is to lend the company money which would need to be 8 to 10mill to pay for operating costs and the phase III, although it will still need to be paid back.
Unless they sell the whole product, which is not out of the question, but then again, for how much ? We are so so close to turning things around (I'm referring to China now), so why sell ???
For all we know Europe could have suddenly come on line and we are saved, which is very doubtful on only 30k cans every 4 months.....cough
Just my thoughts on the matter. I could be totally wrong .. :-)
The fact they have a market cap over 100 mill and we are around 10 mill sums the managements performance up over the last few years. At least we can live in hope some updates one day in the long term future may take us up a notch or two if we still exist .
The market cap would have been even worse if they had purchased yooya for 15 mill which currently is only valued at 1 mill. The.Italian was indeed right when he wrote we had dodged a bullet with that one. The DBC and DLI have faired no better, but at least less dilution was involved. These monies spent could have been used much more productively. And although they needed to make some investment, they could have used a 10th of the money invested in productive companies rather than flushing it down the toilet buying and investing in useless companies
Where FUM is ahead of the game is they are now in profit and sales appear to be currently increasing exponentially. Given they currently only have a market cap of 134mill squid, there is still huge upside.
RPG are at only 11mill squid which could be an even higher upside as long as we don’t run out of money or are diluted to double the fcuk. The next few weeks will tell us where we are or indeed if we are nowhere. ;-)
It's not a case of a better product since FUM's is for ED and RPG's is for PE
What is comparable are the number of sufferers which are around the same, however. Fortacin is supposedly open to a larger market share given the number of currently available products out there. Also, we are ahead of the game with FUM when China is considered since approval is expected towards Q4 this year. This in itself exposes us to an approximate market of around 175 million sufferers. Even with a lower price than the US and even with taking account of a small % in penetration, its still adds up to a few hundred million in sales.
What is a huge disappointment is the FDA approval process where shareholders have been lied to, misled with a total lack of transparency. (an unambiguous way forward and FDA approval expected in June 2017).
When RPG touches anything, its done by complete amateurs'. That's why the Chinese process has gone pretty smoothly.
Do we have a better product than FUM?
Yep fair comment bignose. such a stark contrast.i do think Fum's bod deserve considerable credit for how they have gone about things over the last 3 years or so.
Reminds me of that Dire Straits song
Money for nothing….lol
Morning The.Italian.
Not really off topic since it is related and shows what can be achieved even with snake oil….lol
Not much will happen here for a day or two given it’s CNY and most offices close for the period. Also, since I really don’t expect Jamie to be spending his time usefully on our product any longer, I don’t expect any urgency in keeping the market updated.
Morning bignose.yes,good new and progress on fum this week.the stifel news was,to me,particularly interesting.plenty of scope for gains there imo fingers crossed apologies to others for off topic..
Morning all.not been much to say im afraid,although i do of course, endorse fully all the justified animadversions directed at the PBOD over the last few days.presumably we will get a profit warning in next couple of weeks(last year 17th feb)don't expect any detail ,but we may perhaps glean some idea of developments from any change in the amortisation rate.if it increases it will presumably indicate lack of good news on china/us progress.anyway,we will see.
And yes, I do own shares in snake oil….lol
Should have invested in FUM which, although has a product Dr Mike considers as snake oil, is getting approvals and selling well. Maybe our product should have been marketed as snake oil too since snake oil is obviously what joe public want.
Will the market cap reach the dizzy low of 5mill squid. Gulp
The most transactions in a long long time, although mostly for single 10k lots and indicative of not many free shares and it still goes down. Seems those that want to sell are accepting whatever is offered.
Having invested a long time ago in this ‘money fountain’, I have many questions. How do you justify your salaries, having produced nothing of consequence? Why do you think that an occasional name change will produce magic results? Why have you failed, over many years, to promote a product that initially, at least, seemed to potentially be profitable? At 92% underwater (the last time I had the courage to look), are we about to have another name change after the raise to pay our inept management?
I think the master investment gurus pretend Regent Pacific does not exist at these events as performance could damage the street cred
Bothwell, thank you for this piece of entertainment.
According to Wilde, "“Sarcasm is the lowest form of wit, but the highest form of intelligence”, and your effort did produce a hearty belly laugh.
Have a "recommend"!
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Of course, I have not included for the 5mill usd milestone payment from Wanbang and an additional 2mill usd on the first sales (all excl. PRC witholding tax). Both which should be payable before the end of 2024. The problem is; is it enough and will it be in time. Even if JM kindly loans enough to keep the company going till payment is received, what about the phase iii costs ??? Given the current lowly market cap, surely there isn't enough to do anything with, if a placing is considered.
Communication horrendous . Performance horrendous. Salaries horrendous. Announcement content horrendous.