The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Rob - a very clear, concise and to the point. None of us want to see this share fail as we all have a vested interest, but like you say reality is the company as the moment has failed and still failing its shareholders.
I’m not sure why the the likes of Bigboffer continue to post what they do to be honest, as you would have thought they would have grasped the reality in the last 6 months.
Therefore one can only conclude they are either just bored trolls who have no one betray in the company, or pump and dump traders who buy in on the lows and sell on the spike.
Hope it all works out in the end and we all get our money back with interest on this.
Ok give me 35p a share then? Cone on bigboffer you can do it....
And stop plucking figures out of thin air again.
Bigboffer- nope it will be 50p by Xmas :)
Now where is the 25p a share you offered to pay for me to exit this share?
Imio- yes but Thunder does not seem to realise that. For him shorts closing= shareholder value preserved.
Even with a higher SP there is no way these guys will go for RI again after December.
If you recall IRV did something similar a couple of time with RMDKwikform as it was their most profitable unit. Plan was to sell it off and pay down debt, but each time their strategic review concluded it was in their interest to keep the division, as the others were effectively worthless. If it’s the same story here then I expect the same outcome.
How are shorts closing a positive? This will not help the company repay its debt will it? Shorts are closing to bank profits and minimise their exposure here, or return stock that has been called in.
This is at the end of the road for investors, unless Davies does something quickly.
Oh on carpetright. Another one where mangement promised the world but failed to deliver. Guess what the instutioonal investors bought in at 28p last year as part of a placing and now selling up for 5p. Ummm I bet you still think the city never looses.
Well since you bought that post up let me tell you Shutts and a few others were fools just like you. Their daily ramps were the sane as yours, like this will be 50p by Xmas etc....with no substance to back it up.
But when reality sinks in they are no where to be seen. Pump and dump comes to mind which no different to what you are your buddies are doing here
T54- you said I have 5k in here u idiot.
Jaytee- first of all why would I post on a board where I’m not invested.
Secondly I’m not a derampers, I just state facts as they are and not put a spin on thing or pluck figures from thin air like some.
I was just highlighted gating how wrong the so called “experts” get it wrong, when sone on here seem to think they never do.
Hillybilly - hopefully we have some luck with this one. I wouldn’t get sucked in by sone of the rampers here thought, I’m still cautious about my investment here.
Don’t get fooled by Malay either, he was ramping the s*** out of ECO just a few weeks ago and look what happened? Just do your research and stick to what feels right for you.
Gla
It’s exactly that “net cash after the forecast sales of non core assets”
This assumes they will achieve those assets sales and for the prices they have forecast. Both IRV and CLLN said the same if you do you research, but never actually achieved it.
If they had started selling last summer they could have nailed this.
Thunder- I didn’t say Kier was the next Carillion, suggest you read my posts properly. Carillion has way to much issues, hence it wasn’t worth keeping afloat, and no hedge funds got involved unsurprisingly. Was merely pointing it out as it’s the sector as a whole that needs reform. As I have said many tines Kier is more of a IRV comparable in that there is long term value in the business, BUT who will own the company in the long term. I certainly don’t think it will be the current holders, and history tells us that. Look at Jarvis?
If the hedge funds see value they will certainly take equity and treble their money. Do you think they are there to save private investors?
I hold no position here as I have been burnt twice coincidentally by both IRV and CLLN so avoiding this sector like plague, especially given the circumstance here.
Any good luck
Bigbench- not without news. Look at what Eco said about the drilling results back in the summer, share price went through the roof, and now issues a correct RNS to say it’s not light crude. They didn’t say what it was back then l.
Thunder- it’s the nature of the sector fortunately. The profit margin is so thin that a slight delay or issue, can turn a profitable contract into a toxic loss making one overnight. The sector is plagued with losses left right centre as the focus has been on increasing turnover for decades, rather than profits. Unfortunately they cannot go from a 2-3% margin to 10% margin overnight, this is where the sector needs to collaborate and reform. This is no different to IRV or Carillion in that respect, and I certainly wouldn’t class something as HS2 as smaller value or Lower risk.
With regards to D4E don’t expect the board to loom after the interests of shareholders. As I said in my
post yesterday don’t forget they get big bonuses to get a D4E through so you where their focus will be. Furthermore it’s far easier for them to do a D4E and start from scratch, blame previous board rather try to steady fast sinking ship. If push comes (which most likeky won’t) to shove the hedge funds can just call in their loans immediately , and put the company into a pre pack admin sale. The other option is a rights issue but after the flop in December, this is off the cards. It does look like a D4E I’m afraid.
There are just too much liabilities and the demise of Carillion has added to their woes.
You say you don’t want a fire sale in assets, but unfortunately this is what they will achieve in these circumstances. No one will them good money for anything as they know Kier is in distress. This is evident in the lack of bids for Kier Living.
Thunder- look at my post yesterday and you’ll see why some of the shorts are closing. The similarities here are too similar to both Carillion and IRV, neither of which left any value for shareholders even though one survived. Now that hedge funds involved with the debt, it’s the icing on the cake.
You may think everything has been kitchen sinked, but people thought the sane back in December when the RI was announced. We still don’t know about what liabilities are attached here and possible further right downs, as you have to remember they are having to deliver on Carillion projects where they were a partner.
By all means buy in if you’re willing to take the gamble, but history says this will not end well for shareholders. At this point this company is just a gamble rather than investment. There will be a heavy dilution or wipeout at some stage.
Eco has also halved today too after it more than doubled from 70p to £1.70 just a few months ago. Just shows how harsh aim can be when a company does not deliver what is said it would. I think Eco will come out good in the long run though.
Let’s hope we don’t get any reason to get penalised here.
Missed out on this yesterday as I was hoping for a buy in of around 1.20 since the analysts went bearish on the price of gold. Will buy in if it retraces in the next few week which most stocks normally do around Christmas.
Bobbyrash- well there can’t be a shortage of stock then can there.
When there is a shortage of stock, the price edges higher for people to sell so orders can be filled.
Heardy- wouldn’t surprise me at all. They’ve most likely being buy low in 60s and selling out at 1.20-1.3 and then been trading the normal daily spread. You have to remember these guys normally get the nod of any insider knowledge and take their positions accordingly.