The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Share price at a premium to the price on offer by the sneaky Patel's. They want it cheap. But reality is the gold price has shot up 10%+, as we all know Shanta does not hedge the gold price so the company looks to benefit from the rise.
The gold price situation has changed from the time the Patel's made an offer so at the very least they should increase the offer correspondingly.
But of course we are not only expecting just 10% more are we now... as the offer the 13.5p offered was from a very low base at a low single digit PE return. It is only fair to compensate generously esp. for us long time holders, we have placed our hard earned cash on here and we invest to expect a return... we are not a charity thank u very much Patels!
We are now over the offer price of 13.5p excl. divi, So it's pretty obvious investors are expecting a higher return than what is on offer. Patel it is time to up the offer to a fairer deal.
Q4 EBITDA $21.8m. Annualised full year approx. = $87.2m with realised gold price 1,948p. Now gold price is around 11% higher at 2166p. We looking at an additional +10m on earnings at almost $96m in EBITDA. VS £140m+ offered by Patels...
Makes PE less than 2. How is that good value for shareholders? The maths don't add up. Patels need to up their game. DYOR. IMO.
Surely a seller is holding this down. Any idea who?
MMs charging a premium for holding stock for taking risks, costing 8.5% spread bid and offer 1.268p-1.375p.. crazy to trade at these levels.
What is Bnn article? Can u share the link please? Thanks
Looks like if deal falls could go to 1p. If deal succeeds goes to 2p. IMO, what u think?
Polar Capital LLP reduced holdings was purely opportunistic to lock-in profits by selling 30p+ into the rise. However they shot themselves in the foot as now traders trying to exit at loss causing MMs to move share price to fall drastically to attract buys to fulfil the sell orders.
Polar Capital experiencing redemptions especially in the Biotech and UK fund of which hold Redx. They shot themselves in the foot cos now they have to report lower NAVs and EBITDA as share price at major discount; had they not sell this share on news, this could be sitting at 30-40p+ as free float is limited.
Polar Capital LLP reduced holdings
You have not lost until u have sold... This should come good eventually.... hopefully...fingers crossed. GL. IMO, DYOR.
Considering no news 1.8p seems a bit of a stretch.. MMs quickly moving things up on the slightly bit of buying pressure. May just hold at this range for today.GLA, IMO, DYOR.
Small Volume Massive Swing... rerate shud see this move massively if we get some good news IMO, DYOR
Looks a bit overdone to me. Could me some rebound opportunity.
Patel getting desperate.
Redx Pharma lands biggest deal to date with sale of KRAS inhibitor programme to Jazz Pharma
https://www.youtube.com/watch?v=6gQVvCXi_HM
Looks like people selling at a loss here to ride He1...
Back to 26p, same spot as a few months ago in Oct when Redx successfully raised c.£14.1 million from Redmile Biotech Fund and other new IIs. The good news still not factored into the share price imo.
Huge potential this company. Hope they turn out to be a giant like AstraZeneca or GSK a proud representative representing UK pharma and biotech.
Back in 2017, the UK biotech RedX Pharma had to sell its prized asset after administrators stepped in to stave off a debt crisis, with Loxo Oncology snapping up the BTK inhibitor for $40 million.
That drug, now known as LOXO-305 was one of the stars of the American Society of Haematology (ASH) conference in December, finding its way into Eli Lilly’s pipeline after the big pharma’s $8 billion takeover of Loxo.
https://pharmaphorum.com/news/redx-looks-to-keep-pipeline-assets-after
I like this "Our last published valuation was £367m/$441m, or 94p per share, which does not include this latest KRAS deal with Jazz." A 3x bagger according to their target price. Onwards and upwards. 🔥
Needs to come down a bit in order to go up. Give everyone chance to fill their boots. 🔥