The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looking at the results if one considers like for like sales and strips out inflation which is not inconsiderable in the industry at the moment it appears they are going backward.
When acquisitions dry up there will be very little growth in my opinion.
Growth in Europe is big in percentage but in reality is peanuts.
Sorry to say I don’t see this as a buy in the medium or long term.
Probably end up as a management buy out and some retrenchment.
Exiting or exciting?
Wonder if he may have gone to EKF?
I regret that this update appears to confirm a very poor scenario.
No competent management.
No apparent plan in place.
No new contracts in place it appears .
Reducing finance.
What a shame, I hope it is turned around but it is going to take a very strong duo of CEO and CFO to put some of the remaining board in their respective boxes and get on with what is crucial to future success.
When it drops another few pence or even below 20p may be a good long term investment.
Just my opinion I hope I am incorrect.
reading the posts between him and his ex colleagues it would not appear that he has.
in this case i think it may be a **** up by ekf.
anyway he has been responsible for making big strides in the us where a lot of their gp has come from.
pleased to say i am largely but not completely out of it.
Going out at the top.
The industry is in decline and the anglers that returned during Covid have not stayed.
UK Licence sales sliding once again.
In my opinion,
Increased sales will only come from new store opening with no existing store growth in UK.
Europe a big and expensive challenge.
Below is the post I made in June.
I am not putting this to say “told you so” merely to point out that FT market is in a decline for the rest of this year.
I am not suggesting AD have specific problems but the immediate market future is not good.
“The market is struggling to beat 2019.
The Covid boom in fishing has unfortunately dropped off and this has been exacerbated by the situation in China which has resulted in difficulties in shipments and NPD.
The f t market this year is not looking good.”
The market is struggling to beat 2019.
The Covid boom in fishing has unfortunately dropped off and this has been exacerbated by the situation in China which has resulted in difficulties in shipments and NPD.
The f t market this year is not looking good.
Hi jamrock
Exiting or exciting??
I do not wish to be a party pooper but the trade is not all one way.
Raven a large retailer in the Netherlands have just announced their intention to sell into the UK and they are very competitive.
Their online site has just gone live.
Good update.
In my opinion companies that have benefited from C-19 must show their intention to invest in their core brands and open up new channels.
EKF are showing intent to do this and I have every confidence that they will.