Reflections on a very disappointing year for the SP5 Aug 2022 17:49
Almost exactly 12 months ago, the SP stood at 8.85p or approx £4.50 post consolidation. Consolidation in March 2022 wrecked the SP taking it to a low of 117.50 soon after. No tangible benefits of consolidation yet noticed.
No news from April to July 2022 when the CTA "good news" was announced. That reduced the SP from 207.50 to 190p in the ensuing days. Next "good news" was the presentation. That performance has reduced the SP from 190p to todays close of 170p. I don't think I can take anymore "good news"!
No shareholder value is being created by the BOD and most of the people on here are talking to themselves in a vacuum. Nobody outside their bubble is listening. Volume & buying are zilch.
Unless and until someone coughs up some cash from the farce which is 737, I see the SP declining to less than a pound and I hope more than anything else that the BOD sell whatever it is they think they've got for a fiver.
Another Pharma goes into the ether. Always jam tomorrow.
All IMO only. That's how I see it atm. Maybe completely and utterly wrong. Hope I am. The SP decline, however, is fact. No, I'm not selling because my crystal ball is unpredictable.