The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I was quite encouraged, better than I had feared tbh.
Best part about the rns to me was that 76% of their funds are in top half of their respective sectors.
I have dipped my toe in to average today as I'm guessing that the divi is looking just a little bit safer
Dinoken/FD
Why is it that Super discharger has been so silent recently ?
He did once claim to be very close to management at MARS, was that before the Tesla ?
I do know, of course, that he claims never to lose cash in the LSE, only ever spends time looking at his gains, maybe he has been distracted recently with his calculator ?
DYOR as usual
Trent
Good to hear from you, we've missed your pithy comments that made us chuckle.
I bet you are pleased you cut MARS when you did, rather than listening to the puff puff puff of some commenters here who always seem to have an agenda ?
I trust you & family are well, going to your favourite Greek island again perhaps ?
Quickdip
A very interesting link you posted and is certainly something I have mentioned many times on this board, living in London it is truly astonishing how few pubs are really busy and also how many have closed for good.
One thing Skynews probably deliberately avoided mentioning is how so few younger people go to pubs these days so why is this ?
My guess is that with recreational drugs affording that age group the opportunity of getting hammered for much less than putting down a large number of pints would cost them is very likely the reason.
A culture change which can only hurt pubs long term.
FD
Succintly put, as usual.
To my mind the biggest fear is if they sell their most easily saleable asset, which is the brewery, to raise cash, leaving shareholders with a rag tag collection of licensed premises.
Given we only have a minority share in the brewery it could be viewd as low hanging fruit.
Gents
The time being taken does seem peculiar but it is not at all impossible that the Skilled Person has now been told to test, by the FCA, whatever it was that he needed to, in order to prove that the work has been done properly.
If that is the case then a quarter, or 3 months, would seem a sensible time to test that all is is now working properly.
The longer this takes, with no sanctions applied to the main platform, does indicate to me that the issue is/was a technicality otherwise I am sure ordinary customers, not piggy backers using the facilities JIM offers (B users), would have noticed some differences in how things work when day to day business is conducted.
Perhaps I am being too optimistic but my gut is that if it was a serious transgression we would have known by now.
Sharprite
You state facts, so much more valuable than opinions, such as the poster who only last Friday compared them favourably to bank stocks.
At this price the shares, imho, are effectively option money, such is the lack of confidence that MARS currently inspires, & Mr Market tends to be right generally.
Nevertheless there is a chance that, Micawber like, something might turn up, but although options can be very profitable if something "does turn up" at present are certainly not the sort of stock to buy for widows & orphans.
I am the same as you 3, but I only got high 160's on the morning of the rns, but very pleased I did.
I was astonished at all the keyboard warriors in the week or so after that debacle saying how cheap it was, how can it be cheap when management assure the world the divi is safe in November & early Jan they can it ?!
Don't see much of those warriors on this board now, I do think this business has been run into the ground by the managemnt & best avoided until they really get to grips with things.
Rudolph
I am also a JIM customer and have always had a very good opinion on them as a company to use, likrwise I have been a holder for rather a long time.
Where I kick myself is that I prevaricated about selling the lot at £3, still you can't look back and with base rate up again my guess is we could have a pleasant surprise in our interest recovered from customer deposits.
david
My apologies, mn NOT bln !
Haste can be a terrible thing.
To be fair the headline says billion but the numbers multiplied by the £9300 is million, you are spot on.
Nevertheless I bet these clowns got more than their fair share (and failed to reinsure ) a la motor losses.
Article in City am today saying UK insurers have a record number of subsidence claims due to last years heatwave, estimated cost of £219bn, average claim £9,300 apparently.
Given DLG's alacrity to lose money in the cold snap who wants to bet when they finally entice a new CEO to join and he/she "kitchen sinks" the accounts they don't also claim to have just discovered their subsidence hit due to the hot snap?
adv11
Thanks for that, just to be pedantic I decided to pick a few more up Monday at a tad over 125 to average down on Friday's purchase, looks like I rang the bell in the short term but I do still view this as a good business and if the trusted person report, which is due out v soon, shows that it was some customers who were using the Jarvis platform, re named to their own, and their customers & not Jarvis who were at fault we could have a relief rally.
Given that their cash deposits are bearing good fruit in the form of interest now makes me feel that the divi is safe which again bodes well for the stock.
GLA
Quickdip
I am a great believer in that if it looks too good to be true, then it probably is...
As Fairdealer points out very lucidly that there are debt covenants being negotiated now & who wants to take a bet on how that is going after the pressure all banks are currently under post SVB, CS etc ?
Quickdip
"dont see how one could lose here" is true assuming that buyers pay book cost or higher, but if you look back to an attempted pre covid sale, when things were a lot brighter than today, their Pitcher & Piano portfolio could not be sold even at book value.
Look it up in their accounts, you'll see it.
How keen are buyers now for licensed premises is what you need to ask yourself, surely ?