The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@123
You nailed it:
"My only concern is these shares are no longer being pumped by the institutions and therefore am worried PI volume will not be enough to get this up and running....."
There's no escaping how fragile this share is to any adverse news on the working conditions in the supply chain. The independent review is crucial now and I don't see how it can all be good news.
I'm holding for the longer term.
Even if the media tear into it in the short term the medium term prospects are still good.
It isn't just about sets of auditable books, current and ex employees can provide damning evidence.
They may find that the paying of less than minimum wage is more widespread that initially reported.
The report might find more bad news and we might get a nasty surprise. I am confident that Boo will sort it out in the medium term and I am prepared to hold onto my stock as I am sure they will come good.
If it rises I think it will do so slowly. If it drops I think it will do so quickly. I think it would be a safe bet to sell quickly (if you can) as if you get it wrong you can buy back at a small loss.
Personally I'm holding as I am happy to wait for a longer game.
It's pretty shabby where they just recycle the same news without digging deeper or giving a new perspective.
I'm surprised the other clothes companies haven't been tarnished yet, I would have though they were all in the same situation.
I've been buying for weeks now with an average of 286.5. I 'm back at nil profit/loss, but boy it's been entertaining!
More to come, lol.
I don't think it is a bad thing if it just stays steady for a week.
We never give opinions and we never state views
After all, you can't be sure that what we say is true
And if you want to join us, you can follow on behind us.
You can talk about your visions
You can make some big decisions.
I don't have a subscription so can't read it. Does she specifically say what was wrong with the Boohoo response? If not it is probably just a lame attempt to raise her own credentials in the modern slavery debate. Either way it will not help the immediate prospects for the share price. The strong medium & long term picture remains unchanged.
I'd buy more but I already have 10,000 shares which is a whopping investment for me.
It feels like the modern slavery news article is more damaging than first realized . I think a lot of buyers who are accountable to their investors are still steering clear of this stock. In that sense I believe the results of the barrister led inquiry may be more important to the price than the Sep trading results.
It's not going bust with the German government backing it. The price will recover but it may take a while. You just have to decide between sticking it out, buying more to get your average down, or selling because you think your money can do better elsewhere.