The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sheltie"you could have had a "punt"yesterday and made 30% already 🙄
Already hit 9 today, can see it being broken later.
He can have it back, just has to pay!
I truly hope you are right. Whilst business is business JD has been disgusting in his whole approach to this, his RNS a few days ago was designed to crash the share price and get panic selling, Meaning less shareholders to potentially vote against him and more shares for him to acquire at a knock down price to get his own holding up. All wrapped up in his candy floss of protecting Superdry and employees .... an utter snake in the grass
Volatile book and some sold out. She’s ready to fly north again. IMHO.
Holding for the bigger gains.
Poor guy 🤣..he just wants his creation back…
All it takes is a whiff of a predator and this will move, not saying it won't be volatile but their should and will be interest. JD wont get all his own way. Vultures will always prey in these types of scenarios.
Yes, I agree. Shareholders will vote for option A and not option B of the equity raise.
Although the real prize for shareholders is perhaps not a bid for the company but a return to health. The latter, if it happens, may take a few years but I'm in no rush to cash in my chips.
Be very careful here folks. The MM's did this loads of times last month. They make people think something is afoot, to off-load lots of unwanted stock, the punter PI's pile in (of course they do!) and suddenly the MM's then drop it like a stone, having made themselves a load of money in the (very easy) process! Be wary as ,it 'could' even finish down on the day!?
Munichmann, just catching up and seen your reply. Fingers crossed for you and all the rest of us battling with this!
I believe the placing is just there to coerce shareholders into taking up their open offer allocations, a case of "if you don't want to support this company, I WILL take all of it off you by taking 90% via a placing and then, because I then own 90%, I can force you all to sell to me at 5p)."
Shareholders need to fully take up the open offer if they want to avoid JD taking over the company dirt cheap.
Hopefully one of the predators will appear with a better offer in the next couple of weeks and make all the shareholders happy. If not, I'm still happy to keep the stock, as once it's given a proper valuation by an Auditor I will be back in profit again pretty quickly. I'm sure JD will put the stock on a trading platform, just so he can buy more of the stock as he works his way towards 100% before floating it back on the stock market in a couple of years at a huge premium to what he paid.
Well this is looking better and am glad I didn’t panics sell. I nearly did. Unfortunately like you Medjed I wasn’t brave enough to buy more. I just didn’t want to risk losing more money. My average is currently 44p having got it way down from £1+ where I was about 2 months ago.
I’ve been looking at the examples of the posted below. I think, if I’ve done my maths correctly, I’ve worked my new average to be 0.05p if I were to buy the max of 8 shares.
Agree there. Sadly shareholders panic sold and the negativity that day didn’t help with talk of this will trade at 1-5p from a few people on this bb.
I can see 9p paid by this afternoon :) imho.
Someone is buying up here! Bid 7.7 and has been for a while now.
GB hi Gordonbennett
look at GLR LSE post.
copper resource
mining approved,
not rns yet.....
Damn wish I was brave and bought more on Tuesday.
Could have got out break even today. Oh well.
Unfortunately for those tht sold out it appears to be moving back towards 10 p plus short term.
Can currently sell £30k @ 7.34p in one go. Not that I will as I see it going to 15-20p. IMHO.
Shareholders are extremely unlikely to approve what is basically a de facto bid for the company at such a low price.
It's only purpose for being part of the plan, as far as I can see, is to effectively place a floor under the share price, and so make the open offer viable to other shareholders.
There is of course nothing stopping others building a stake in the company while the shares trade at a similar price.
Note that with the placing, if Ducking and Diving Dunkerton gets 200 million shares, he will own 225 out of 300 million afterwards i.e. 75% of the company. He will be able to do what he wants with it. Normally, placings are open to institutions, that Dunky will only let himself be eligible, seems like he gets the company for peanuts.
Of course he does either way I guess. My opinion is new money investors would be better off looking elsewhere with his poor track record since rejoining the board, he is no great businessman, he got lucky by getting Becks to wear his stuff a long time ago. Beckham was super cool once but is just an old dad now, which sums up the brand at least in the UK.
He would just be diluting his own shares to his detriment
I think he just wants to keep everyone happy and hoping he can take it private quickly without any hostility and bids
If he does do placement then that just dilutes the shares much less so shares are worth morays just 300 million in issue
Why are you assuming that the open offer is the option that the board and Dunkerton will select? Is it not a safer assumption that IF shareholders vote in favour of everything listed in the rns then they will select the second option which is available exclusively to dunkerton and results in him owning 75% of the business? What’s then to say that he might not subsequently decide that further liquidity headroom is required once delisted that would be for any value of his choosing and for any volume of shares of his choosing and could be voted for exclusively by him and reduce anyone else’s value to even less than now?
Sorry 12666 divided by 300000
Example
30p average now £10,0000= 33,333 shares
33,333 x8 = 266,667 cost £2666
Total 300,000 shares
Total cost £12666
300,000 divided by £12666
0.042 per share new average
RE: Open offerToday 13:05
Ok thanks
So just worked out what average would be if allocation taken up
40p 5.3p
30p 4.2p
20p 3.1p
10p 2.0p
With 900 million shares in issue
Please correct me if wrong
If you hold at 30p say to get your money back the new share price you would need to receive is 4.2p per share ?
Also it will be a bit less than this as I noted that it’s 8 million euro to raise not pounds
Regards forest