The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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To conclude the RTO deal. Expect to see some weekend media and also PR machine start any day
Given they raised a large amount at 165p with serious big hitter institutions, I’d expect to see a lot of support & buyers in the weeks ahead
Expecting 200p+ soon
Its primed now
Transaction was done at 165p and feels like big buying past few days behind scenes
PR machine to start anyday and that should take us to 200p+
Seller cleared... Traded £500k+ today
Big big insto money piling in at discount to the 165p £10m RTO raise
Absolute no brainer. Think we see 200p here pretty quickly
RTO deal was done at 165p so seems a no brainer here at 120p
Obvious bad luck listing right as Russia invaded Ukraine... That being said largely irrlevant when it comes to SWC. They are unique as they are the ony company with a growing licence for Medical Cannibis in UK other than GW Pharma who are a multi billion dollar firm.
The future looks very bright and some big institutional money has back this at 165p
Expect to see 200p+ soon as big PR campaign kicks off and they start banging the drum
Not a great day to complete RTO given all the Russai/Ukraine carnage
That being said i've bought a few, this is a serious company. Only the 2nd Pharma in UK to have been granted a THC Cannabis licence to grow. Thats huge. GW Pharma (Multi Billion dollar company) is the only other one.
This is a serious play now with big BIG money backing it. Expect it to do very well
Should be a great future ahead for this new Co
Outstanding
Canabis is a tough market with lots of competition.Not sure about medicinal cannabis landscape and what is special about this company.If they manage a deal with the NHS to supply them, then the world is their oyster naturally ... until the government change the rules naturally.
Shame the big name is out .However plus side they are still raising about the price the shell was trading at for a long time,
Good point re: not going to AIM potentially. Could increase costs/currency risk if they list in another country although listing somewhere like the US could open up a larger pool of capital. Really torn, might let the stock ride for a bit once it's listed to see what happens.
Dogs dinner, only go into this because of Vin Murria and it was gonna be a tech business, now she's gone, and cannabis doesn't interest me in the slightest. There's also a hint they may not come back on AIM.
Not sure how I feel about the acquisition tbh. Does leave me overweight on cannabis considering other investments. Any views on this takeover?
Not what I was expecting, Vin is out too!
"Summerway Capital PLC said Tuesday that it intends to move away from the technology sector and shift its investments toward healthcare and pharmaceutical opportunities, and it has suspended shares and shuffled its board as a result.
The London-listed investing company said it is currently in discussions with an immediate opportunity in the healthcare and pharmaceutical sector, which subject to shareholder approval would be classified as a reverse takeover. Summerway's shares were accordingly suspended from trading as of 1230 GMT.
While the takeover target is outside of its existing investment policy, it represents an attractive option for shareholders, the company said.
Summerway said shareholders will have to approve both a proposed amendment to its investing policy to allow for a bridging loan to the target company, allowing the target to accelerate certain capital expenditures, and the acquisition at a further general meeting.
The company also said there would be several board changes, with Chairman Vin Murria resigning. Nonexecutive director Benjamin Shaw will assume the role of interim chairman.
Summerway said there was no guarantee the final terms of the proposed transaction would be agreed and if it fails, it will explore new opportunities in the healthcare sector."
Might top up on acquisiton depending on what is bought.Seems like alot of us pis jumped in and pushed the price up just a little.Doesn't seem to be much in the way of trades lately.I hope an acquisition is made soon.
Am I right in thinking that this has until the 15th June to act or it'll do another CCAP?
Special guest tomorrow is Vin Murria OBE often labelled as the Queen of Tech. She has an incredible track record as an entrepreneur, business leader & indeed as an investor so truly one of us
Thumbs up
I will interview Vin at 6pm but do post Q's here for me to ask https://melloevents.com/mellomonday-12
Not a simple maths to calculate the value of the company. 3 times the cash held?
I suggest try buying 10k worth shares and see what happens. Coming week you will see more buying pressure. Vin finished money collection at MAC1. Next will be us. GLA
I'm assuming it's due to the news about the money raised by Vin Murria for Marwyn Acquisition Company 1.
Maybe not if up 13% ..does someone know something? Why the rally now?
Based on other Shells / Spacs SWC appears fully valued c3x cash
Shhhh...best kept secrets. Keep the hot money away. This is a 2-5 year story.
General Meeting to approve deal is at 10am today. Maybe we will see some action afterwards ? This is not the busiest of LSE pages is it ? !
Just no shares available?
Thanks Rob, that do have a top brass worth as much as Mpappe!
My email from HSR is timed at 12.10pm hence the sudden spike. Happy to be in at 157p yesterday