The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
SFO ?
On what ground.....
Boohoo are totally transforming their practices and a part of that was to tender new audit. Pwc did not want to tender...
They signed off on 2020 accounts.....
On the David Attenborough film on netflix (excellent btw) Morocco is touted for having a world.leading solar generation and actually generate enough solar power that they could sell this abroad if viable. Goes to show why there is a lack of demand for natural gas on Morocco if there is so much renewable energy available???
Sorry Daniel but I would expect it to be more like 11 million which means we pretty much won't see any meaningful profit for years because they are about to embark on another capex next year with more drilling using up cash and profits...
All in order to find resource to replace depleting assets and then they can start the process all over again. Capex and writedowns mean the bottom line won't look attractive to new investors until god knows when
Not happy.
Cash is the same as it was at half year yet...
We sold a net $1.6m interest in N.W gemsa realised after H1 period end.
So with majority of capex spent, customers back on stream and 85% increase in production why have we added no more cash to the balance sheet?
It all feels very sugar coated. I'm also discouraged by the only one or two prospects having a "likely" chance of success at 50% or more.
I cant see what is going to take this share back to anywhere near what I paid : (
we have all been sucked in to a company that seems to just work for the Governments that have granted the licences. Margins may look high on paper but are not very good once royalties have been paid and ultimately SDX take all the risk. Once they pay their royalties and issue their write downs there is nothing left for the shareholder.
If there is £8 million in the bank and their is positive free cash flow I would like to see £5-6 million returned to shareholders to start paying back some of the black hole.
Why do we always seem to have massive depletion and depreciation???
4 million loss in the quarter ! 3 customers still shut down in morocco and not recommenced as of today which doesnt read well.
Cash has stayed the same but have added to that post period with the sale of Gemsa.
It's all very MEH
yea.. market cap is like 6 million and they just had a 550k order - I would say that'd pretty serious stuff
plus - this is a bio degradable single use coffee pod so we are likely to get further repeat orders !?
3 months from q1 results this week. Hoping we get an update as to the "minimal" impact of Covid -19 and the positive effect of the sale of the Egyptian non core asset.
I am guessing we will have once again tread water on the cash generation and on the balance sheet. An increase to cash reserves may get this share price moving upwards again.... maybe