The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The fact is many investors are still attached to the past COM era. If they bought at high price in those days, they are not going to recover their losses in the near future. You need to compare the financial results of last year and this year. The company has made good progress and is transferring from low growth to high growth area. I was surprised to see high level of selling even at 86p. We need to see the present situation and disconnect ourselves from the past. In my opinion, the company is under valued and in the next 12 months will be re-rated with a p/e of about 15.
Any buying and selling today has to be settled on 12/6. I think Atlas will finish their selling today and settle it on next Tuesday.
J.A, being invested in all those stocks you mentioned, you must be a millionaire by now.
At 1.7p the company is valued at 13.14m pounds with about 1.9m cash in hand.
I don't think they will be sitting on the cash for long time. They might have already lined up few deals. IMO
I agree with you Rachel. It seams like Atlas are being forced to finish selling so that the company can make few announcements. Atlas have 15m shares, if they haven't sold already, they have sold 3.5m today and soon will have nothing to sell.
Looking at 1.5m sale, has the next conversion started by Atlas?
J.A, There is no denying that Atlas will be making anything between � 450,000 to � 500,000 once the conversions are completed. When they gave the loan to the company they did take some risk. We all had the opportunity of buying shares at as low as 1.23p. There is no doubt Atlas will make more money if and when they decide to exercise their warrants in the next 3 years but the price will have to be more than 3.15p.
Our Dear Leader, How are you converting shares. These are the selling prices received by Atlas. As I said in my previous message, the conversion will be at 1.38P which will add 15.2m shares.
At today's price of 122p the company is valued at � 25.35m. Take out cash of � 23m after selling the two divisions and the Software business is valued at � 2.35m.I think the s/p is still too low and the fair value is at about 140p. IMO
The next conversion will add 15,216,460 shares and the company will have 773,370,000 shares. At the price of 2p a share the company is valued at � 15.5m which is less than the floatation value of �18.5m
looking at screencast picture of Lucky Wingabar Casino with logo of MPT and INTERTOPS CASINOS. Is there a link between them.
Sorry, It's Inter Active Investor site quoting 2 - 2.25
Inter trader quoting 2 - 2.25
I think the company was told about this conversion on Wednesday the 30th and stock will be included on next Wednesday the 6th. All previous conversions has taken a week for inclusion. Stock converted on 1/5 was included on 9/5 and stock converted on 25/5 is included today. I also think more stock has been converted yesterday or today.
Someone can still come and bid for the whole company. At present the market is valuing the company at � 23.9m and the company will have about � 23m in cash after the transaction on 15/6. Therefore, at the moment hardly any value has been given to the software business.
We are all reading into Atlas Capital's mind about further conversions of bonds. They don't have to do any more conversions and may decide to keep the bonds for two years or after conversion may decide to keep the shares.
I am talking about the present situation and saying that there is more up side in the share price. Going back to COM era in 2014 when the price went up to 11p and then came back to 0.5p. If any investor bought at the hight of that price,I am afraid they will not recover their losses in the near future.
Suppose, if the company had money today and returned 50p a share back to stakeholders, the share price will come down to 63.5p. We would like the company to invest the cash prudently for growth and increase profitability in the long run. There are only 12 million shares in free float and the rest are held by institutions and co. directors. This stock has been over sold massively in the last few months and the buyers have returned. Now is the good time to buy. At 113.5p the company is valued at � 23.6 million. With � 23m cash in hand after the deal the market is valuing the software business at only � 0.6m. The stock needs to go up by at least 20p in the next few days.
The important the remaining Software business has increased revenue from 1.6m to 5.3m last year and made 1.3m after tax profit. With a very high margin business the future is promising if managed professionally.