The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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What? Building up to manufacturing news?
What on earth you on about.
Another building block building up to manufacturing news for current sales and new sales to come.
be good to get back over 2.2p as support. maybe today... as long as mms tighten the spread and stop taking the pish!
Red or blue today, after Friday rns & sp drop.
Matty Boy 1965, am pleased your average has dropped to less than a pound. You should be in profit in the not too far distant future.
Regards
British Bulls are still quoting stay long;
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SAR.L
Really, how time flys
Another good comment & true as I’ve brought my average down a little more, so it has leveled up the problem with more shares in issue.
That of course is a wise observation. Like others I now have twice as many shares as 6 weeks ago so that more than offsets the dilution! Almost as lucky as United!!
You know, the human brain can think more than once thing at once. I'm buying, and will keep buying all the way to a pound. Possibly more if news flow is good. Couple of points though. Raises with big dillutions are bad, it kind of universally accepted they are bad. They are bad for long term shareholders, they make the company look weak, inductions, will avoid and so on. If the board had pulled their finger out and secured a deal. You could've still bought cheap shares that didn't dillute everyone else's right up to the point where the deal was announced. I think it's just plain weird, why you can't bring yourself to say it. Yes we may all end up with what we wanted but we all had to risk more cash to do it. Unchallenged and you end up with VAL or any of the dozens of other companies that with good intentions or not, ended up shafting their loyal shareholders.
Truer words have never been spoken Lazarus.
An opportunity I have seen a few times in Sareums history, would not have missed it for the world.
Gla
100% agree Lazarus2.
I now have 55,000 more shares and my sp ave. has dropped from £2.58 to 96p!
I'm ecstatic, but not as ecstatic as I'll be with a T/O offer north of £1bn! (When/if that arrives?)
I believe it is over 11 months, Carter.
Aren’t you all overlooking the fact that you all probably have many more Sareum shares in your portfolio as a direct consequence of this dilution? Ample compensation I would say. At least be balanced
A fair analogy Oracle, not sure how many mths have passed now since the start of the trials and no bad news as yet.
Yes, all calculations need to be gone on market cap. I know that's you should go it but we all throw sp predictions around that need to be recalculated. I still think that if all goes well, SAR could have a valuations of around 2 billion. End of phase 2 going into phase 3. Before RF that wasn't far off £30 per share. We'd now need a 3 billion valuation to get the same £30. Generally, I dont have a issue with raises and dillution but it's the scale of this one that grates on me. The cash from RF, the Raise and the wrap genrated less than £5 million pounds but cost approx 40 million shares. If the SP were to get back to £1 that's a £40 million cost to run a phase 1 trials, if it got to £10. That a £400 million cost. Worse than than that. The whole saga hasn't even secured our financial future. If the RF facility was the best option, what was the worst?
I will forgive Tim minutely regarding this post consolidation funding debacle for one tiny reason. The MHRA fiasco.
They've moved with haste as we all know and Krones earlier post highlights again. Yes they should have placed earlier and simply could have called on shareholders ONLY. But many slimy and rotten hands may or may not be after Sareum.
These upcoming results we would have had months ago and I can't imagine where we'd be today.
Onwards and upwards.
Just seen my dire team surrender a 3 goal lead to Coventry .. SAR at £2 would frankly be “less” of a surprise!!
Hoping to see an RNS this week confirming MAD is complete, must be due and then in my mind the real fun begins as the data allows us to progress with broader options. I still think that a deal from the 1a data is a highly probable outcome. GLA
Unfortunately share dilution generally comes with the territory, here’s hoping for good data.
Just to quantify my understanding of the share dilution since December 2000 when there were 64 million shares (post consolidation calculation; there were actually just over 3,200 million shares so / by 50). There are now 104 million shares so the dilution is 38.5% approximately. So if SAR did reach a market cap of £1 billion the share price now with 104 million shares would be £9.60 compared with a price of £15.60 before all the dilutions.
Appreciated Damion.
I’m sure you’ll do well from it.
I’ve banked 6 figures from this previously, it paid for our extension and the other half’s Porker.
I’m hoping for some movement before another share I have my eye on picks up. Hopefully bounce some profits from here to there and then that’s my Ferrari F8 paid for.
£1 a share could quite easily be seen this quarter. Only 2p in old money, albeit we’ve had a bit of dilution.
How incredibly undeserved 🙄
RF Sell of which they made just shy of £300k profit on 1.95m shares /
Did anyone confirm if the above was a buy ?