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Hard to know their cash position. IMO worth waiting for the FY as it could be dire or they could be sat at around $8/9m.
Have to admit… seems like death by 1000 cuts
“ Annual operating expenses for Shield are expected to be between US$42m and US$50m in 2023 and are expected to remain approximately at this level until the year ending 31 December 2025 assuming Accrufer® prescriptions and revenues build as indicated above. The costs of servicing interest and principal amortization, commencing in Q4 2025, on the SWK Financing (based on current 12-month SOFR) will be around US$3m in 2024 and US$4m in 2025. No increase in annual interest charges is assumed in the Company's statement that it expects to turn cash flow positive in Q4 2024 (based on its own estimates”
Unless they can pull a rabbit out of a hat (possible) this one looks doomed for now…
Possibly worth a punt on the back of some unforeseen magic !?
SO GLAD DID NOT BUY AT 2 WAITED now its 1.5 its doomed very sad priced to fail?
Well they’ve got a new role advertised…
“Technical Accounting and Reporting Manager”
— seems like they need somebody to work out all the millions they’re making - or at least prepare April’s report ;-)
Hi all - I am trying to research this . Can a long term holder be kind enough to give a summary of what’s happened and why has the price dropped so low ? I looked at the interim results - they don’t look so bad . So can’t figure out the reason for the drop
For sure, if this next update isn’t any good then many, like myself, will simply sell up and move on. I’ll just go without a few extra holidays when I retire. The carrot dangling in front of my nose is becoming full of maggots.
Blimey. You still think so, after all this time and evidence to the contrary?
You should notify the CEO that he is missing the chance to load the boat here at these prices :)
Amazing how you are able to brush over such an oversight, like it was a trifling clerical error.
Or the lack of company updates since they misled investors in this latest and perhaps most serious mistake, to date.
If they do not provide an update on what action they have taken against the third party that they claim was responsible for this serious corporate failure at that point, then surely the few remaining bulls here will start to wonder whether this outfit justifies their continued faith?
Oversold imo - Shield said it had delivered USD17.5 million in revenue, up nearly three-fold from USD6.2 million in 2022.
Prescriptions are up x3 since 2023 @ 77000. Currently, they have lost investor confidence because of a mistake in the quoted amount so I'm holding on to the published results 30th April.
The figures above are still strong so a big SP up-turn could be on the cards.
YE results to be reported 30/4. Will we get a Q1 update then too, and if so can we believe them!!
Yes and to be on target to reach cash flow break even without further funding they needed to be at or close to the 55000 prescriptions target in q4... instead they achieved just half that.
Do you think they are going to achieve the previous target of 330000 Rx in 2024 now, after achieving 77000 RX in 2023?
We don't know exactly how long the cash runway is but the market is betting on it not being very long.
You have not then taken account of revenue for the six months to Dec23.
6p would be a dream and highly unlikely now.
Cash was $13.6m end of June. They then $6.2m + a $20m debt facility and then finished the year with $13.9m. I don't think mgmt shared how much of the debt facility was drawn down but therefore it can assume to be significant.
The market suspects cash is dwindling to zero now and with the mcap at just £12m and debt on the books (despite being pre profit) what comes next is dilution to oblivion - or a cheap buyout at 2p.
It looks like i guessed it right! Unfortunate for the holders, no doubt.
Frankie
Jupiter have gone. The rest I think is just rounding. Milton looks the same. I suppose the insets are just like us. They are locked in.
Frankly I think the only hope here is a trade buyer or AOP step in. 6p would be a dream...
Well, HL, Interactive Investor and AJ Bell are simply custodians of ordinary people's money, so I do not count them (apart from noting an increase in retail positions here).
Fair point that PMI remain unchanged according to that (which surprises me, to be honest). No opinion on Nestle, as I know nothing about their investment management protocols.
I seem to remember PMI finally exiting Woodbois (if memory serves correct) quite a long time after they should have, to my mind (not on my radar now, so no idea in either direction now), a couple of years ago or so. That is another company that....threw up some interesting SP activity at times back then, some might have concluded. But I digress.
If anyone (apart from the BOD of course) is going to make money here, it is surely going to be AOP.
I can easily see another update at some point signalling extreme financial distress and a 'rescue' from AOP....either a loan on terms that might as well mean this goes into admin, as far as other shareholders are concerned, or perhaps an all share cash offer, at a price that also means no other shareholder walks away without a material loss. Sub 1p type of thing.
The longer the radio silence, the worse the reality, IMO.
None of which should have ever happened, nor can be easily explained away either, IMO.
But hey, I could be wrong. At least about the end price here. I am absolutely convinced that I am not wrong insofar as some of the other stuff that has taken this from pounds to not even pennies now. Hey ho. Not my job to investigate. Nor anyone else it seems, lol.
GLA (except the BOD).
No question I´m with you when it comes to the credibility and quality of the STX management.
On the other hand STX updated the significant shareholder today. No one reduced or quit totally but all except AOP, Nestle and Milton added If I´m right.
Why do half of the large investors accumulate?
Sinificant shareholders > 3%, updated on 8/4/24
AOP Health 311,597,265 39.84
Hargreaves Lansdown, stockbrokers (EO) 60,742,305 7.77
Nestle, SA 56,008,541 7.16
Interactive Investor (EO) 42,682,231 5.46
AJ Bell, stockbrokers (EO) 30,778,385 3.94
Premier Miton Investors 29,113,136 3.72
Sinificant shareholders > 3%, updated on 11/3/24
AOP Health 311,597,265 39.84%
Hargreaves Lansdown, stockbrokers (EO) 60,148,898 7.69%
Nestle, SA 56,008,541 7.16%
Interactive Investor (EO) 39,074,656 5.00%
Premier Miton Investors 29,113,136 3.72%
AJ Bell, stockbrokers (EO) 28,085,831 3.59%
Significant shareholders with > 3% before the rx number fiasco
AOP Health 311,597,265 39.84%
Nestle S.A. 56,008,541 7.16%
Hargreaves Lansdown, stockbrokers (EO) 55,066,651 7.04%
Interactive Investor (EO) 35,527,919 4.54%
Jupiter Asset Management 30,477,697 3.90%
Premier Miton Investor 29,113,136 3.72%
AJ Bell, stockbrokers (EO 26,411,783 3.38%
SP couldn’t hold and dropped tells me there would be few more big after hour sells. Typical AIM dodgy business
It astonishes me that anyone would consider this a credible investment whatsoever now.
Even for a punt, you are basically relying on winning the greater fool game here, on the basis that this is a business with an entirely untrustworthy management team. Never mind the highly questionable lack of commercial acumen.
Have any remaining holders tried to contact the company to find out what is happening with that third party, who were apparently responsible for the management team here misleading the market regarding those prescription numbers?
An act which itself was significantly influential in retaining some existing shareholder support, and likely just as influential in luring in new investors as well.
Absolute barge-pole territory IMO, but to each their own.
I watched the latest video call and they said the available cash is sufficient to cover them until probability early next year .
From the latest trading update :
Cash: $13.9m as of 31 December 2023
For the year ended December 31, Shield said it had delivered USD17.5 million in revenue, up nearly three-fold from USD6.2 million in 2022.
28 Sep 2023 RNS:
The Company is also pleased to announce that it has secured a US$20m senior secured debt facility from SWK (the "SWK Financing"), a life science-focused specialty finance company catering for small and mid-sized commercial-stage companies.
NO i have NOT BOUGHT YET as just done some due diligence and i think there funds must be tight .SO I AM HOLDING OF FOR NOW
Was this your 'small position' mate? ;)
09-Apr-24 09:48:01 1.72 1,150,000 Buy* 1.65 1.75 £19.78k
THIS is going to turn soon taking a small postion
No big selling reported yet.
Same here mate & I expect many have done the same last week to realise the loss before the end of the tax year ;)
I sold by shares on Friday to realise the loss. Bought back in my ISA this morning. Added a little more as well