The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
New 52 week low tomorrow.
MaryBr190 - you must be buying bucket loads here - it will take a lot of your predicted 15p rises to get this back to the value offered by Apollo.
Any offer coming in now at around the 200p will be taken - shareholders will not stand for further false promises from this lot
Yes Mary but ..... it was 176.40 a month ago!!!!
I hear you about averaging down and "free" shares but I submit that's down to luck more than anything else. Playing that game with this one is like trying to catch a falling knife. Its down 6% today and by any measure that's dreadful and could be setting them up for another bidder who will offer less than Apollo and the BoD will not be able to simply push it back again. The BoD are not delivering and will not be trusted if another bidder throws their hat in
Mary
We are a year further on from the place the BoD rejected the Apollo offer promising great things but here we are in almost exactly the same place as we were before the offer. Total under delivery to the shareholder. How long are you expecting the BoD to take to deliver? Hang on in there with your strategy - you obviously have great faith in this one but its really not going anywhere in the short/medium term and the latest rumour on job cuts means no dividend this year.
Tyler
Fully aware of the wording from last update but ..... strategic review is nothing to do with the integration of acquired companies. I was involved in integration management of acquisitions for almost three years and part of there business case for the acquisition is the timely banking of gains due to rationalisation of systems and resources. Clients are talked to before the deal is done to ensure they are happy with the move and the benefits it will bring to them - provided they are confident they are getting better service they really don't care who is heading that up for them. Granted there are clients who don't like the change of personnel but there are few and far between. I maintain my position in that this is nothing to do with integration of acquisitions and all to do with overhead rationalisation probably on the back of the Oracle system they have spent the last 6 or 7 years implementing and was procured on the back of cost reductions due to overhead reduction.
Tyler19
Last acquisition was a long time ago and all integrations synergies and cost savings from these are already baked in.
These are overhead/support positions which are going unless a fairly large reimbursable contract is coming to an end (planned or otherwise) in which case the savings go to the bottom line. We will find out soon enough one way or the other
Shares dropped on the back of this after having done quite well over the last two days. Expect this to drop more in the days leading up to the results and even further if the news turns out to be true. It's not a significant cut in jobs but just the fact they are doing it is going to be seen as negative.
I don't see any reason why this should increase into the results on the 26th - no major new contracts and nothing to change the figures from the update they recently presented. Just delivering what they said however should keep this steady
MaryBr
I know you are not doing this as a one off but my comments (and those Rhinocol) still apply. This one is back where it was at the time of the Apollo bid and you are "betting" on another bid and/or the price rallying . My point is I don't think it is going to rally to the price you are projecting/need in the short/medium term and placing your money somewhere with a reasonable rate of dividend return and some more price stability is my chosen strategy going forward.
As always the chosen strategy for any investor is based on personal circumstances and their time horizon and your strategy obviously differs from mine on this one.
MaryBr
You keep saying the sbut that only works if the share eventually goes up and you time the getting in and out piece. Unfortunately this one is not doing the swing piece - it's going down as JG68 says even on days which should be supporting a move up based on other indicators. BOD will not be able to refuse/rebuke another offer around the 230/250 mark but even that ship may have sailed!!
Down - as per my post yesterday. It's heading below 140p at the moment so no sign of this one stopping the downward trend.
If someone moves in with an offer then the BOD will have to have a good reason not to accept with this sort of movement
The confidence shown in this share by a large number on this board never ceases to amaze me. This share is not going anywhere unless another buyer decides to make a move. I was along time holder but decided enough was enough and cut my losses at 175p.
I hope those of you holding on the basis of a move north of 200p get there but it might be a long time in coming and there are better places to put you money at the moment and earn a reasonable dividend return.
Sorry for there gloom and doom but enough is enough - at least it is for me.
Knives out for this one again!!
Really thought this had settled into a new area around 170 but yet again it proves me wrong. You really can't take your eyes off it without some sort of bounce - usually to the down side!
Share price back to what it roughly was before the Apollo bid but can't see Apollo coming back on this one - they have moved on and have the experience and cost of the previous foray into Wood.
Trading update on the 9th November may however change that. I still think the SP is low but the market seems to dictate otherwise and updates will only keep it where it is - we need something more to get this one moving.
All IMHO as always
Finding it hard to keep the faith with this one at the moment. rest of my portfolio is doing great over the last week or so but this one seems to buck that trend and general market sentiment. Looks like it will stutter about until the next update or some good news on contracts etc.