The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Excellent thanks!
I'm due to go to the AGM with a letter of representation but realised there was no address in the letter. I'm assuming the meeting is in London but when I looked at what I thought the relevant RNS was, again no address!
I know I'm being a bit thick about this but can anyone enlighten me...?
Playboy - I feel your pain I really do.
Mind you DB isn't the only one taking the ^iss.
Everyday now for the last week my local GP has been sending out texts to all patients with the following message "Due to staff shortages and sickness please use our website http/......"
Just as well I'm not requiring their services yet. Mind you HUM is giving me high blood pressure!
Anon - you describe my position exactly. Problem is that DB is hanging on Teressa May style with the sofa up against the door.
Unless shareholders push him out he'll drain the company dry and as a bunch we are pathetically passive...
Thanks and offer...?
No shares traded today, crap results (as everyone knew) and chairman going without warning.
Has anybody tried to get a quote today? If so I'd be interested to know what the bid/offers are....
Poor chap - I think all the technical stuff (like adding stuff up) is getting a bit much for him.
He just watns to know - WHEN HE'S GETTING HIS MONEY BACK.
Ah the $64k question....
In the meantime all you other chaps keep up the intelligent conversation.
I for one are a great fan of the company with an average buy in price of 25p plus all the lovely dividends paid over the years/
I buy the growth story but will be asking, what I hope, I pertinent questions at the AGM
Running away from being in the same room as shareholders never looks good.
Covid has ceased to be a legitimate excuse...
If that happens I await with interest your attempts (a) to liquidate your shares as a citizen of an "unfriendly country" and (b) to repatriate the money
You might get something back but I wouldn't bet on it...
The effect is the same. You lose your investment
By nationalised I mean taken out of the ownership of UK shareholders whether it is under the nominal holding of an Oligarch or that it is effectively nationalised is one of the same thing.
L'etat c'est moi! - quote from Vlad...
Sold last week at a small loss. Then news resulting in share price going up to around 2.75. Deep breath apply lots of Zen and then today - price well below what I sold it for. Breath out.
I think I did the right thing despite missing out on the bump. There's stuff going on in Russia we have no hope of fathoming out so no amount of analysis using the data we have is going to chart a way forward.
It's really blind faith that somehow the Russian oligarchs will allow UK holders a few crumbs left after the whole thing has effectively being nationalised.
My rational is that war eliminates all goodwill and if the Russians don't immiserate UK shareholders their own western Govts will seeking to fund Ukraine's reconstruction on the cheap...
Good luck those with ISOs (Iron Spherical Objects)
Full disclosure - I sold the other day at a small loss more than made up by selling Poly too
I'm not going back in yet why. 2 reasons:
- Gazprom bank have POG by the balls. They just have to revoke the waiver and its curtains. Gazprom is the state for Putin et al can use POG directly as a political plaything whenever they want
- don't forget the Nov repayment in hard currency. Western creditors will not play nice.
GLA!
Bargain. Yet again. Currently the debate is all about whether blindly buying the dip is still the thing to do. The small matter of buying individual stocks on fundamentals has been completely ignored and the world becomes more and more Pavlovian.
The management team are doing a great job. The RNS was stellar and I'm afraid patience is only antidote institutionalised stupidity.
Bonders censureship
C*cktail, C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,C*cktail,
A long long time ago when I did my banking exams I learnt all about the procedures for winding companies up. The bad news is that there is a strict order of preference as to who gets paid with us shareholders at the bottom. The good news is that all the people above us get paid exactly what they are owed and nothing more. Shareholders get the balance left at the end. Any dodgy practices on behalf of debt holders e.g. debt for equity swaps have to be agreed by shareholders. In short we can cut of their noses to spit our faces if they play rough.
Add to this ****tail the fact that each day the company adds more gold to its stockpile but it cannot pay any money to any body outside the Rouble system and you have a nice little puzzle.
Not one in which shareholders necessarily come out with nothing...
Kaduval - I'm absolutely not getting a you. Together with others such as Jane we've tried our best but come up against a wall of apathy, scepticism and naivety. To date we've simply not had the number (10%+) to force a resolution on the Board.
I've said it before and I'll say it again. These guys couldn't mine their way out of a paper bag.
Anybody thinking they'll do better with Dugba/Kouroussa is deluding themselves. Dan et al will drag out out credulity on these two assets until all hope is lost pocketing their salaries along the way. There interests are NOT aligned with ours. They are in the driving seat and will steer money to themselves not us.
As a group of shareholders we are equally useless since we passively sit there and take it. Mugs all. I for one will vote against every single AGM resolution. As an individual that is all I can do. As a group we should put forward an independent non exec director for election who will try and begin the process of finding new management. If we don't force change we cannot expect anybody else to do it for us. MMs just sell out.
We will deserve our fate.
Yes it's all jolly jolly right now but there's absolutely no hard news to go on. Maybe there's something going on in Russia, maybe MM have been playing a game and are now spent. Maybe it's a fat finger and everybody jumped in mistakenly taking it to be a genuine market signal.
I suggest a period of moderation and no triumphalism because we could be back where we were yesterday tomorrow.
It's a phycological marathon not an egotistical sprint
Good managers also are prepared to stand up and take the flak when times are bad.
Will Mike submit to a video interrogation for Q1 performance I wonder?