The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
With my limited Ukrainian understanding, that ‘Espresso’ message says:
1. complains about incorrect interpretation of facts in some Ukrainian mass media sources.
2. main shareholders not informed about share valuation change in timely manner?
3. one court claim from 2022 was already paid (in fines?) back in 2015.
4. dodgy deals and dodgy or strange court's/judges' practices.
5. FXPO - old company, listed on LSE, works by international standards.
"Anyone got any ideas ?"
As I understood from answers to my questions during previous "Town Hall" event
1. PFD understands, that possibility of "global crisis" is high.
2. (in regards to 1.), PFD will try to maintain cash reserves
3. (in regards to 1.), PFD is charming possible creditors in case of need acquiring label of "safe heaven"
4. (in regards to 1., 2., 3.) PFD will be looking for strong, "under-valuated assets" to acquire.
5. PFD is looking for market segments to increase dominance so they can deal with big retailers. As an example, Ambrosia brand has significant price increase, but retailer brands can not have enough stock to compete Ambrosia out of market because it is Ambrosia who produces for them too. Tesco tried supplier in Belgium (before Brexit?), that did not end well and they are back to Ambrosia.
PFD shows how confident they are now to secure deals for future. I am not sure that you are the main target of the current news.
"FYI - the pentagon has been ordering various military equipment which will be delivered between 2-4 years time to UKR, so seems they are in it for the long term and do NOT want a swift end to this conflict."
No one is talking about "what will happen when Ukraine reaches 1991. borders but Russia does not sign capitulation?". We are expecting new, 4xIsrael to hold off 20xPalestine with some Soviet era level advanced warfare. Some defence industry stocks will have to grow those 4-10x in those couple, 3-4 years.
Never mind drone industry newbies and startups.
"FYI - the pentagon has been ordering various military equipment which will be delivered between 2-4 years time to UKR, so seems they are in it for the long term and do NOT want a swift end to this conflict."
Pentagon delivered more equipment to Ukraine in 10 mths than to Afganistan in 20years. Pentagon is delivering list of items never delivered to non-NATO countries ever before. Advanced systems need to be produced 1st, Pentagon became too relax, manufacturers not ready for extreme demand of expensive hi-tech warfare. There are huge queues for HIMARS/Patriot/Bayraktar/low spec drone systems in the market for now.
"I'd agree with Christo, it's bizarre, to say the least how the SP is this high but it "should" of already dropped like a stone. I have no explanation for why its where it is, taking into consideration the above and how the markets are as well, the smallest bad news stocks drop 10+% or even good news they drop."
Given simple "impulse" formula from biology - price should establish itself around 1.82 - 1.96 since open assault day. We reached targets multiple times, new bad impulses pushed price level a bit down, currently - good impulses. This stock was risky even w/o open war, but with risk reward comes too.
Market follow strict rules, nothing risky falls like a stone because there are plenty of people doing shorts which eventually needs to be covered, causing inevitable buys. Not even talking about short-squeezes.
Don't put all eggs into one basket, put little % into anti-basket. :)
@Andy - i do not get it. I lived in USSR, I lived in Latvia, I lived in Russia, I listen to Russia state media, I listen to Russia's statements regarding neighbouring countries and "partner countries".
Dude, your "alternate media" is Qanon + poorly translated Russian "stories". Have you tried actual fact check? Do you think I can not read 4 languages? Do you think I can not notice where "stories" appear first and how they migrate over?
and not even posted about how Russians are unique nation, the smartest, the strongest (uubermensch) - claimed by top civil servants and media persons on state's payroll. How all untermensch (rotting West and mid/far East) should submit to fair cleansing force, meanwhile resisting countries - Baltic states, Poland, Czechs should be wiped out.
I do not know, If you heard about Umberto Eco's definitions, Russia hits 14 points.
Power, you are a lit outdated:
1) Nuclear attacks - West indicated, there will be no extermination, instead they will pinpoint decision-maker(s). Nuclear war threats from Russis stopped immediately after such statement as well as China published research showing low power nuclear warheads can be used to destroy bunkers even 2km underground. Before - only North Korea used nuclear weapons as a direct threat.
2)Military intelligence mainly comes from the agents and satellites. Russia's army has low integrity of IT systems. Thats where the planning issues arise.
3) No one except Russia pushed Ukraine into war. Russia's manifesto published in official media stated: Ukraine needs to be erased from world map, every resisting Ukrainian exterminated, their children re-educated, non-resisting Ukrainians - replaced by Russians.
4) Narrative about Russia rebuilding USSR 2.0 with force widely used in state media-sphere. State claiming back Russian empire territories - too. They tried that at start of 2k on Baltic states, but they managed quickly join EU/NATO, actioned on Georgia - 2008, tried Ukraine at 90ties, put started to put real pressure on Ukraine after they gave away all nuclear stocks and long range missiles.
Russia does not protect their entire borders - they spend majority of money on wars and developing Wunderwaffles. Russia relies on nuclear weapon stockpile to protect their borders.
Luckily for us, Ukraine hold some fronts, cleared out north and slowly advances in the south.
Whole World is having flashbacks, Putin's speeches are copied from NaziGermany's, Putin's top civil servants, MP's, diplomats always talk about special russian way and cleansing they will bring to neighbours. They talk how all neighbouring territories are Russia's and Russian gifts and they will be taken back. There are only discussion, is it period before Nazi Germany invaded Czechs or Poland.
"just demilitarized and corrupt gov " means, you should submit to whatever Russia's requests (currently that is to exterminate everyone who calls himself Ukrainian). And support, dismissed by judge, president Yanukovich, who lost job because stopped to come to work.
"Looks like Putin has used his oldest tanks and youngest soldiers first knowing they would take some hits.....I suspect the "real" soldier battalions and decent tank hardware etc is still to roll in, from the border areas"
Looks like this is not the case, only battle-groups with combat experience are ones from occupied Doneck/Luhansk territories, from Syria + mercs used here and there. They all are tied up near Doneck/Luhansk.
1st wave was the one with "decent" hardware. If believe Combat Intelligence team's report (works together with Bellingcat) - there are signs of using old tanks from conservation, without dynamic armour, with obvious signs of spare parts coming from different vehicles. Russia run out if "Iskander" rockets, now back to Soviet "tochka-U" (Scarab B).
As well as reserves coming from far-east, that will take 2 weeks on railway.
Feb could be like 5-10% drop, ShareSave sellers are coming in. Historically - 3 of 4 cases have drop. In line with jedclampit's numbers.
PFD's graph candles often are without tails/wigs. And price rises/falls stop dead at certain round numbers multiple days in a row. I have no clue who does this.
I understand why it is compared to 2 years ago, but I can not get head around numbers. Should we divide gains by 2 to get average, or are they already "annualised"?
Remember, how portfolio broadening went last time.
re:swings. I have feeling of some fat cats shaking boat, prices often stop dead at certain top or bottom levels.
But if no global economy crash, I would expect "nice price" on November's new ShareSave season announcement, "good" on Feb, and "crashy" after March ShareSave sales (year '18, with 30p/share if I recall) starts.
Sales going well, problem is "free shelves" available at retailers, but you can squeeze out just so much. Machines working out of resource, I would expect CAPEX increases, but this is just my opinion.