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As a LTH this new placing at 2p hurts me.
Miles Pelham worked hard to disentangle WBI when it was known as Obtala from under-performing assets - his involvement grew the sp from around 6 - 8p to approx 20p + but perhaps the simple conclusion would be that they over-exposed themselves managerially and we saw the long slow drop to the recent 3.5p. They've made no secret of the fact that trade finance has been expensive and they've added debt as they've chopped out under-performing assets.

From what I can see as a small private shareholder, delving through the complicated financial papers, their current focus on Gabon has changed things considerably for the better. Profit margins have improved considerably and directors hold a good portion of shares which is always a good sign.

Paul Dolan CEO is enthusiastic and no doubt will be glad to clear out much of the multitude of debt instruments and is holding out the prospect of dividend payouts as early as 2021. There is the opportunity to get in the discounted offer as a retail investor at 2p via Primary Bid - an opportunity worth considering.

Please could you explain how did he make it pretty clear < seb46 > ?
In March we were initially told very clearly June.

That's an interesting observation - good to be reminded that we need to have some balance on AIM shares in particular and tipsters in general.

Yes < surprised > but I see he closed out earlier trades of TPG at small losses.

Chequemate - good to hear from you - I hadn't seen any external tip comment on TPG in recent months. Robbie Burns I see got in at 5.9p so it was looking a good call for him. At that price, I could imagine he may already have moved on - may be not.

Let's hope it moves back up nearer the AGM date - cheers.

As a LTH before the days when AstraZeneca pulled out of the SNG tie-up, I felt that RM was astute in his initial relative hype on the possibilities of SNG001 towards Covid and of course the price zoomed. Then though, we had the placing at 35p but it was just to themselves and Institutional Investors (retail investors were excluded for speed's sake - apparently doesn't matter that nowadays that's solved with the likes of Primary Bid) and at a point when the SP was trading around 70p

So, on the face of it some naiivity there - perhaps CapitalCity is right to conclude RM is out of his depth. But then think, he's just passed fantastic, effectively free share options, for himself and other directors. Yes they won't be actionable for 3 years but the numbers of options are huge with no performance criteria to meet.

In my opinion he's not playing a straight bat with his shareholders !

Problem is < Chequemate > the sp has drifted around this price for 3 years now - in fact on the lower side too. We had the placing at 6.5p 2017 which I bought into having been in years before that. It's only recently we had the breakout upwards and I guess there must be some big sells in the background somewhere to lower the sp so quickly.

I don't think any of us on this BB expect the company to go down the pan but when you look at the last few years results, yes they've got the T/O up considerably but it's the profits that count in the end and they're still not showing - turnover can be easily bought if you lower your prices !

The sp dynamics though are disappointing especially as the AGM is only two weeks away and it would have been nice to get there at around the 8p + level as there's likely to be some loose shares sold on the AGM news.

The Directors have large personal holdings which is always a good sign but my beef with the CEO Philip Cartmel has constantly been that I don't think frankly he cares a hoot about shareholders - they're never mentioned in his reports ! He gets a great salary so he's sitting pretty. And unlike us, he alone knows where the company's going and I reckon that it's fair comment for me to say that I believe he sees the Company as his personal fiefdom.

That said, I'll stick with it a few more years yet in the hope that he changes his spots.

Thanks Bella - thanks Chrishar - checked back pages as you suggested and saw the write-up.

Bella6532 - do you have the article for us to read please as it's blocked unless one's a Time's subscriber ?

Yes - I considered that a sell - the finish today was a bright sign for the future hopefully.

It's good to see the sp holding its rise today.
It's been such a long time coming but if we're here now at last, then I can stop griping about Philip Cartmel's seemingly dictatorial management. I echo TruroTrader's sentiments and would like to see a token divi.

I came into TPG pre Corac days and it seems like watching a giant tanker turn round the change into the company it is now. It’s taken many years and I think this is another reason why a token divi is the next right step - shareholders haven’t really been appreciated it seems to me and could that be why some institutional investors have lowered their holdings ? Time to show that they matter too.

Today’s announcement for the delayed publication of 2019 results is very extensive - on the face of it they seem positive. However, I’m left feeling disappointed for the following reasons.

- They made an operating loss.
- The previously unspent cash from the placing a few years back has gone
- They’ve drawn down a new £7millions loan facility
- Cost of sales has risen dramatically
- A feeling that Shareholders are ignored especially that the sp continues to be well below the 6.5p placing

As shareholders, I can't get my head round the limited information we get from Concepta. Looking at this patent application, I see only one of its inventors, Dr Vasiliki FRAGKOU, is still on CPT's BOD - the others were Directors previously but resigned - with David Darrock as recently as January.

And I see the outgoing Chief, Matthew Walls name wasn't even listed as a Director and yet the new lady Penny McCormick is.

So what is Concepta Diagnostics Ltd ?
I've taken quite a hit on this share and now realising that I haven't understood it.

I think we must be realistic that LO will sell some of their large holding again - look they did all right with their earlier sales prior to the drug trials announcement. I know in retrospect, I wished I’d done some of the same instead of doggedly sitting on my hands all these years.

Quite agree Belgrano - looks like company has at last recognised the need to give more meaningful information to shareholders - I don’t doubt it is now on the cusp of significant profits coming in - and at little cost to itself unlike a typical food producer.

But as someone else on this bb yesterday said that he’d sold out after enjoying a ride up from 32p. In my opinion we should never had plunged that far - especially given the chairman’s massive investment a couple of years ago (?) at 98p.

I criticise SOH for that - but seems the recent investor show has refocused him and the company. Can only be good now going forward even with the pandemic.

eshaitan - thanks for taking trouble to report on Saturday's Investor show.

Repeating myself from an old thread, Gilbert has always appeared trustworthy and explains carefully what he sees as the business potential. I'm still here from years back and at horribly high share price purchases (I think I paid 25p at one time !) and the sp has dripped lower and lower with placings almost year on year making ever more share dilution.

I've said this before but their turnover is less than a modest UK Garden Centre !

I'd like to get my money back if I could, which I suppose means averaging down and so have bought in more at these levels. I'm ignoring - McGraph4046 - who clearly has a personal agenda.

I'm still assuming CG is trustworthy - but is he and us naive for doing business in what appears to be a corrupt country ?

eshaitan - thanks for taking trouble to report on Saturday's Investor show.
Gilbert has always appeared trustworthy and explains carefully what he sees as the business potential. I'm still here from years back and at horribly high share price purchases (I think I paid 25p at one time !) but the sp has dripped lower and lower and placings year on year and more market dilution.

Do you guys still believe he can really turn the corner ?
I've said this before but their turnover is less than a modest UK Garden Centre.
I'd like to get my money back if I could, which I suppose means averaging down and buying more at these levels - assuming CG really is trustworthy - is he and us naive for doing business in a corrupt country ?

Do you have anything specific announced pleased or is this general conversation from the investment seminar on Saturday ?

Thanks Jim Price - good to know.