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Ok, I understand your point now.
Presumably PHC sell to the distributors who then are responsible for selling to the end users. It doesn't appear to work like consignment stock. So it's difficult to work out selling trends, beyond what the company advise............which ties in with the de-stocking impact seen.
Perhaps PHC can provide greater granularity on this in their next Investor Meet
Has anyone received their invitation to take up their open offer yet?
I'm with Halifax and they're usually on the ball with these things but nothing received as yet.............other than an invitation to attend/vote at the General Meeting
I suspect most peoples SP average is a lot higher than current levels (mine is 13.2p), including the directors, so an opportunistic takeover bid at these levels, or even a premium to this would absolutely not be welcome. I would suspect the Directors believe they've turned a corner and things are looking far rosier, just some near term funding to address.
Any company I've been invested in which has a solid base but require short term funding has ended up being dilutive in the current market, so I do expect this unfortunately. I just hope it's minimal. The outlook looks far better now and the SP is finally reacting positively. A long way to go, but green shoots finally
I'm not sure what was puzzling.............the shorts were expecting Wizz to miss full year guidance. I did as well to be fair, hence was I was disappointed not to sell at 2400. However, with FY results in line and 25 outlook appearing even more promising, I can't see shorts staying in play, particularly with Israel conflict calming down. This could very quickly rise to £3 over the coming weeks
Thoughts?
I thought it was reassuring that they were in line with revised guidance and the outlook for 25 looks strong. This could bounce quite quickly. Be interesting to see if shorts now close for fear of getting burned
Possibly so, I'm also unsure what to make of it. The SP reaction continues to be positive, up to 86c today. Still a long way off the levels most have bought at, and still below the $1 threshold for NASDAQ holdings.............but it seems to have momentum and perhaps something will come of it
SP flying today, up to 72c. I know they were doing a presentation, so i presume this is on the back of that. Looks promising, unlike Accustem. I don't even know if i'd be able to sell the paltry amount of Accustem shares i have, i imagine they're very illiquid