The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The 31st August news means JW is cutting it fine on his LTIP award, but still a fighting chance...
Value Shares will represent 35% of the total number of Options and will realise value provided that the volume weighted average price of the shares for the 90 trading days immediately preceding and including 31 December of each calendar year is as follows:
o 2023: 37.50 pence per share
Scillonian news must be close
Ditto that Stokey PanOcean is a $2.5bn company with 340 cargo ships in operation. Good relationship to have. Another excellent sign of things to come.
Extremely unlikely it is LOG, they were happy to hold at 36p, would be a very hard sell to creditors for them to bail out now. Just traders and shorters exaggerating uncertainty. As we know, sentiment can shift v quickly
We're all doomed! doomed I tell you! (translation: let me in at 3.4 and I'll ten bag within a year)
Be interesting to see where the SP is at the end of August, when IM decision and debt arrangement is on the near horizon - and perhaps one or two contracts in the bag - hard to imagine it won't be close to double where we are. Not many companies with a £15m cap and a £900m order book. I'm signing off for the summer, but these crazy low price look to me like a decent way to pay for that fortnight in Abersoch, if nothing else, dyor
I would imagine once debt facility secured with UKEF backing number one priority will be to move off AIM into main market. Maturing company warrants mature investors. Will need £50m+ mcap, but IM should sort that. Crazy low entry point here imho
They seem pretty confident that the issue is mechanical, if flow rates make it up to the anticipated level within a couple of weeks then the bond anxieties will be largely averted imho. Still an if, but a slightly smaller one. Good news about lack of liquids, for once...
History of this company’s ability to find new ways to screw up suggests 2p+ just as likely imho. Hard not to imagine that all too familiar RNS saying “unexpected issues…” but hey hope springs eternal and all that …
SP drifting but loads of positive news around the corner, these prices might soon look a bit silly imho in the light of IM and funding and contracts... 20/20 foresight required...
the Hydrogen capacity of IM seems likely to be the key to the case. FoE challenges will relate to last year's victory over government's Net Zero plans, and how new infrastructure must be in line with that. Notwithstanding the need for gas storage, the hydrogen possibility and its connection with offshore strategy answers that demand imho. Brine into the briny seems less likely a derailer. Be interesting how it unfolds.
encouraging - slightly - to see the detail and notes of caution in that RNS, a somewhat different tone to the all-is-going-fine-until-it's-****-it's-not approach of the previous crew. Dougie in particular appears to be a real-world operator. You hope his voice of experience might prevent further costly wishful thinking about marginal assets. Still, hard to see this staying under 5p if the drill goes to plan from here, and not that long to wait in the context of longer term holders. dyor
they shouldn't touch suella's prison hulks with a Cory barge pole
there are probably one or two bumps in the road before £8, DF, (!) but I do believe the path to a £250mcap, 8x current, could be relatively smooth. It was good to hear JW talk about moving off Aim and onto the main market, which would make this a more comfortable venue for institutions. I wonder if that process will begin when the funding is signed off? Interesting that director's Ltips are geared toward year end. That time frame would suit that particular catalyst toward 40-60p share price imho. After that and with a few contracts firmed up - I like the chances of Scillonian IV for Appledore for example - an easier ride upwards feels likely. dyor. interesting summer ahead.
will certainly be interesting to see what a "three figure millions" valuation of IM might have on a £30m MCAP...
Just watched the presentation, a very confident assessment of the here and now and the future. No BS. Understandable scots incredulity about the current MCAP and share price. Good test for me is always attaching different numbers to the words and seeing how they feel. If JW had ended that presentation saying "given where we are in our growth plans, and the prospects immediately ahead, a MCAP of £100m and a SP of 60p feels about right, but that's only the beginning" no one would have turned a hair. The gap tells you all you need to know about how quickly sentiment will eventually turn imho.
That 'if' is working overtime
There has been a pattern here of one bad outcome leading to another, the tone of that RNS is familiar, for “under control” and “solutions found” older hands hear: run away!
because of the doldrums share price it is easy to forget what a game changer a positive IM result will be, only a few weeks to go; this smart emphasis on hydrogen makes it all the more likely imho no doubt a bit of buying pressure will increase as we approach may, perhaps tonight's presentation will offer a bit of a starting gun for that
It’s a brave iog investor who buys again on flare pics
- that strategy would have lost them around 90% of value this year