The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Tide turn, successful injunction to stop frivolous legal claims, write off of credit card debt for this FY not as large as the accounts forecast, trading update showing the app is delivering increased engagement and revenue, a few more of the board buy in, staff reduction and offshoring beats budget again. CEO doesn't seem the type to report rubbish so at least updates should hopefully be able to be taken at face value. In my top drawer, but still adding a few on the drops.
PottyTime … as my old mum used too say patient is a virtue but sometimes investing tests one’s resolve.
Bottom drawer it is then.
Hi Pooks:
Before the car finance stuff hit the fan a few months back, we were struggling to get above 136 approx . When it dissipates in I guess about a year or two (!) we should (according to Newtons classical universe) see the business improve its attractiveness to longer term investors. A divi, even a small one should really add a boost.
Meanwhile, as I've said some time ago, it's a bottom draw 'er for me (I don't have a cellar). GL
Fellow investors when will the tide turn or at least stabilize ?? Only positive thinkers please .
Sorry, that is a bit over my head, but if neither the BOD, nor LTH's would benefit from it, then it sounds like it is DOA.
With my average, I would happily take that figure though, FWIW :)
Just a thought, wouldn't it now be in the best interest of shareholders for management to put the loan book and retail deposits into freefall and hold both to maturity, which is average 2 years for both loans and deposits. After that return all capital to shareholders. With the ECL provisions already taken it seems like the tangible equity would be a good proxy for remaining funds of around £400 M , therefore a return of £1.50 + to shareholders in 2-3 years. Its not much for LTH but around 3x current SP. I understand not rly in management interests to be out of a job, but could shareholders feasibly do this at AGM vote?
I am going to commit the cardinal sin of saying that the SP is doing very nicely today, given we are ex div...
I will kick myself on your behalf if this comment ages poorly :)
I totally agree, the MMs are not stupid and they had their own reasons to increase the share price on that day. I made an extra £160, not big bucks but better than nothing.
I would have thought the MMs aren't that stupid. surely they should look at the buy volume before offering big bucks for your 20,000 shares.
Pooks. You can manipulate the share price but you have to pick the right time to do it. The best time to do it is when there aren't that many trades taking place and the spread is wide. I've only tried it once and it worked. I had 20,000 shares that I wanted to sell. I purchased another 2,000 and split the trades by 20 x 100 forcing the price up during the day. I then sold the 22,000 shares and made a bigger profit than if I had sold the 20,000. I think a lot of this goes on and I've seen many trades where single shares are repeatedly bought or sold moving the share price either way. On that day, I bought 2,000 and sold 22,000 and the share price was still up. It's the amount of trades that take place, moving the share price rather than the value.
It just ran up a bit too quickly and some technical indicators led to a slight pull back IMO.
See how the next few days go. Fingers crossed etc.
Can someone explain why ? Up over 5% now in minus … there seems to be an awful lot of very small sell transactions. Could it be small time day traders taking a pathetically small profit ?
I'm sure you said the same of Superdry (SDRY)
So my 3870 shares is showing in red as a sell, says it all, has to go up from here :)
Just bought a few. In for the risk :)
Upwards trajectory over the coming few months. Far too cheap currently!
Quantity 63,246 at 48.7500p
Value £30,832.43
Transaction charge £6.00
PTM Levy £1.00
Total £30,825.43
You've saved £145.21 with our Price Improver
Done small 400 pound profit more than 15 years with LLoyds. 2 more positions with VANQ to go next week hope this time over 50
Good old Barclays - challemnging this motor finance debac;e- from FCA announcement.
.On 3 April 2024, Barclays commenced judicial review proceedings of the Financial Ombudsman Service's decision to uphold a complaint relating to DCAs.
Agreed
Now it's clear we were talking about different types of trading, I think that it's fair to say no-one was being incorrect or misleading.
You must have crystallised a huge percentage loss as I am also a long term holder nursing over 90% down.
I would contend it's more investible now than at any time in the last ten years.
so glad to be out of this stock last year after holding 10 years. it's a **** show. not investible.
OK