The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
i was looking at the potential of ai with capita & some back of a *** packet calculations
if 1000 staff (2% of total) are replaced by ai at £30k each/ year savings are £30m.
yes i know there are costs involved but i suspect £30k/ year is far less than staff are paid & it could be 5-10% of workforce.
i appreciate this may be a year or two down the line but hopefully this is where we are headed
@Bubbles.
My take on Dividends is that if net pre IFRS debt is eliminated & the company is generating profits & free cash flow it would be strange not to restart Dividends. I know they keep saying they want to strengthen the balance sheet but it is now fairly strong & getting stronger all the time. We just have to hope that the fallout/ costs re the breach are contained. Hopefully the August statement will be the long awaited upward catalyst
I emailed Stephanie Little (Helen Parris’ colleague) to ask if we are going to get a further update re the breach. She replied that unless anything changes from the original update on 10th May they are not intending to issue anything further.
An interesting point is the original update gave a cost of £15-20m, it appears that they still believe this to be an accurate figure.
I do think it disappointing that no market reassurance is likely to be issued. Seems that we’ll have to wait for August report on half year figures
@Trustfund Until we get a statement confirming that all problems relating to the hack have been resolved the uncertainty will continue. They were hoping to get a statement out by Monday but did emphasise them they couldn’t be precise on timing
Terry. Like you I have bought at much higher prices but personally I believe the BOD is doing a pretty good job & I have averaged down so around 35 p sees me back in profit.
I don’t think going on about the past is helpful to you or anyone else.
I do agree that the BOD, now the turnaround is complete, need to be doing all possible to give shareholders a boost & that perspective contract is a good start & obviously a reintroduction of dividends (JL indicated that the August result statement may be the time)
Provided (& I agree it is a big if) there is nothing more negative about the breach I would hope to see in excess of £1 within 2 years.
Last accounts for PageOne I can see were for 2021 & profits were £2.6m.
Assuming they haven’t dropped sale price could be in the region of £15-£20m which would be another nice reduction in overall debt
I hate to be pessimistic but this share needs good news just to stand still.
If the report on the breach is in the least bit negative (& it’s almost bound to be) I can see further falls.
As I said before until we get:
A clear set of Accounts showing NIL pre IRFS debt
Free cash flow/profits (need £100M +)
Growing profits/Turn Over
Dividends reinstated
We are not going anywhere
I think JL needs to start running the company for the benefit of its owners (shareholders). Overall he has done a great job on the turnaround but we now need to look at next month or year NOT 3 years down the line.
If only posters would Filter No Fear ( as I have) then I wouldn’t need to read all the reply’s he generates. We used to have useful discussions.
Re the entry to 250 I suspect the MMs will do their best to hold the price down to prevent entry so they can have another 3 months games
@Terry you are right about the FCA.
As a broker a number of years ago I had a client complain about unsuitable advice re shares. He was on the cautious end for a shareholder & the FCA upheld his complaint because I had split his holding between a UK trust & a worldwide trust & they considered anything not in the UK was too risky ( even though they recommended spreading risk as widely as possible for a cautious investor)
Quite a long & Negative article by the Telegraph on the leak saying it has affected up to 350 corporate retirement schemes making it the largest such hack in British history
I was hoping that by now the fallout would have died down but if anything it’s escalating
Unfortunately until we get dividends reinstated or a spectacular set of half year results this is going nowhere. I still believe it will pay off eventually but that date seems to be ever receding.
I really think JL needs to restart dividends ASAP even if it is only a token amount as this will be a powerful signal that recovery is strong.
@Trenners I think it’s just that this is a very unloved share. Eventually it will come good as the market won’t be able to ignore the growing profitability, T/O, cash assets etc. my targets when it was at 25p (not so long ago!) we’re 50p by Y/E 75p by Y/E 2024 & £1.00 by Y/E 2025. I think this is realistic & if so a 400% increase in 3 years is pretty good. Return to dividends will be a massive boost as & when it happens.