Well done Bronx, you were spot on! Credit where credit is due.
I don't understand the "revenge" dumping of stock though from various posters. The only man who is losing out is AR. OK, he got them for nothijng but he's selling at 21.5p at the lowest, potentially averaging 25/6p. If he was patient and wise he could be drip feeding them out, instead he's doing some headless chicken dumping for spite? If he were to engage his brain he could slowly get an average of 50% more value. Once the stock's sold, its gone. The only one losing out here is AR, and if shareholders believe in OO still (and I know some LTH have had their belief dented somewhat, me being one), then this is a gift - fill yer boots as CF states. I think CF knew all along what was going to pan out here, we should maybe give him some credit here too. If he sells he'll sell at the bottom of the market. GLA
The reality is that we had two big rises last year. First one was from 16p to 32p off the back of the govt contract rumours, however, CF done an analyst presentation prior to the rise in which he alluded to the contract and this was the catalyst. The second one was from 32p to 48p, this was off the back of his two non core asset spin off quote in an investor presentation. So in short, in my opinion RNS’s have had very little impact as the news was already out there. CF likes to leak the news prior, therefore, sentiment will return, a few good presentations will be enough to restore confidence. There should be plenty of good news to communicate over the coming months. AIM is a fickle place and CF knows this, he’s put his money where his mouth is, now it’s time to deliver. GLA
I agree with Markshares. I initially felt it was nothing more than a gesture but on reflection, £300k is a heavy investment in anyone's book. CF will have the vast majority if his cash tied up in OO and Amryt, he doesn't pay himeslf a huge salary here circa £100k annually. So, for him to invest 3 x salary is significant. Not many CEO's in AIM companies invest at this level and they are on 5 times CF's salary. Too easy to criticise, of which I can be guilty too.
£300k investment from CF. Not to be sniffed at….
New RNS….
Do we know how many shares POLB have? i.e M Cap
Great news this morning. I expect this contract to be worth in the 8-10M area. Expecting this to be the start of a news laden period. Strong buy for me at these levels. GLA
Deepjoy........if that's not a sign to buy I don't know what is, lol. Only jesting. Good luck
Did I ever say it wasn't a bad investment claim? I don't think so. I give up - we agree to disagree - lets just leave it at that. Good luck
I've also did the hard work, as have many investors on here, so try not to back your claim with that old chestnut, doing hard work and investing go hand in hand and if you need to keep on telling people how hard you work - then the old saying of "the lady doth protest too much" may be one which fits, not sure on the lady part though :-)
I apologise in advance Ryanwood but you're really coming across as very naive. Some of the LTH's have only had CF's word to go on, and yes he has delivered some contracts and an excellent deal with HM Gov but don't come on here and say that our opinion changes with the direction of the SP because that's just wrong. Some of us have made a conscientious decision on reading between the lines and using the financials to ascertain progress. I said last year, that the full year results announced in June this year would be the first time any investor would have to see the turnaround in the company, the first set of tangibles in which to gauge the company. The accounts did not cut the mustard, why? We all expected a loss, but not to that magnitude, we expected Q4 to be profitable, yes, EBITDA but not operational. The contracts won do have a delay but we're sitting at £200M M Cap - and I'm afraid that CF can tell us how much value the company will have in a few years time but it was not progressing at the same rate as the SP - fact! He's been way way over familiar with the SP and his obsession with it to the point where he's left with egg on his face. Stop fighting the market and let the trend be your friend. Its' not rocket science.
Doesn't matter if there's one seller or a million sellers. If that one seller owns a fair chunk of shares and he's selling you're going down. You're only surmising there's one seller, no evidence of that - the one piece of fact you have is, the supply of shares is outweighing the demand at present.
....and yet the SP keeps falling. MM shenanigans - what a load of old tosh. It's falling because there's more sellers than buyers - simple. It will turn but don't clutch at that old straw.
Feza....you will be fine in the long run. It will pick back up, it needs a bit of time to breath again though. If you're investing for the long term, you will be fine, there is too much going on here for there not to be a reversal sometime soon. I think what we're seeing is a CEO who got ahead of himself but that's not to say he's not doing a good job, he just needs to refrain from being transparent. Also, there is too much of a free float here, too many PI's who have made decent profit over the last year and with the markets being so bleak recently they're going with the momentum and selling - locking in what profits they still have. A few decent comms from the company and they'll be back on the horse.
Agree with that, in which case, our CEO should know better. I'm all for enthusiasm but please be professional, its not a corner shop we're running here.
Deepjoy - I was surprised also. I think they were pressured into valuing the non core element which is the reason the Target price was raised. How do you put a value on non-core? It's pure finger in the air stuff. £50M revenue was their previous forecast for 2021, so there was zero change there. There's too much smoke and mirror's here for my liking, too many things that don't add up which makes me nervous. It's why you need to monitor your investments continually, three months ago this felt like a no brainer but after the results my opinion completely flipped to the other side. A lot still to do here and the future I think is bright but we need more meat on the bone to make a case for a big rise in SP. Two contract wins this year is poor, one being only £3M. Wouldn't be here unless I thought there was potential but happy to sit on the sidelines for now.
Sad to see but I'm not surprised at all. The reality is CF pumped this up to be something it isn't at present. It may well get there but the fundamentals didn't back the SP - he states £50M revenue this year, well lets be honest, he's said a lot recently and the trust and faith is shot the more you get radio silence. This SP doesn't tick up on RNS's, it ticks up on CF's bullish comments, so when you can't back it up with fundamentals the SP becomes weak. He pumped the SP to get rid of Invesco. Two non-core assets by April?? What happened to the other one? It's a disgrace. He needs to start walking the walk, then and only then will this get back to previous levels. Too many on here with rose tinted glasses. GLA
I’m sorry guys but he’s hardly going to say anything otherwise and if he did he’d be breaching confidentiality rules. Game of patience here and having faith. I’ve aired my views and I won’t add anything else as it’s seen as negativity. The reality is, the business isn’t as successful as CF would have you believe and it ain’t as bad as some posters would convey, it’s somewhere in between. If you’re investing for the long term you’ll be fine at these prices though.
Nothing on Fidelity but got a Corp Action this morning from II:
Stock: OPEN ORPHAN PLC ORD GBP 0.001
Event Type: Stock Distribution
Description: Stock Distribution
Ex date: 16th June 2021
Pay date: 18th June 2021
Open Orphan plc has announced a distribution in specie, whereby holders will be issued with 1 share in Poolbeg Pharma Ltd for every 2.98 Open Orphan plc shares held.
Please be aware that these shares are, at the direction of the company, to be held in trust by Croft Nominees Limited until the end of a Lock-up Period being 9 calendar months from their admission to trading on AIM. Holders are unable to transfer or deal in the Poolbeg shares during this period.
Further information may be found on the Open Orphan plc website.
Beneficial holdings of the Poolbeg shares will be reflected on accounts upon confirmation from the company.
The offer price will be determined at the end of the bookbuild process.
CF’s own words “we don’t want the SP getting ahead of itself as the II’s will sell out”. Pretty plain to see why after the finals. There is growth but it’s limited, non core is jam tomorrow, if they like the look of the individual non core businesses they will buy in at IPO, that’s my thinking. GLA