The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Oh I see HBR is down, we always get an upbeat "buy now" when HBR is down. Wasn't your other prediction that would be 800p by now?
"I and Devon have sparred over this stock for a number of years now, but I am pretty sure that when it does rally"
Yep you've been telling us it's about to rally for years now! Last year you were predicting 9p by the end of the year on £20m of sales......I was predicting 1.8-2.2p on £12m sales.
It's just another year of hopes, wishes and unsubstantiated claims.
Today we've had the 2% revelation and the questions on reporting of said position.
If your confident it's winner, don't tell people, just double down and buy.....but so far this week there's only been sellers of course! Even the bull isn't willing to buy! LOL
20million of sales! :)
https://www.gov.uk/tax-sell-shares/investment-clubs
It appears share clubs/investment clubs have to report profits/losses to HMRC, that suggests to me that they would also be expected to make market declarations on their holding if they reach the relevant levels of holding in a line of stock.
2% coming through without the need to notify isn't something to be aware of.
SGI is a tough play. Poor liquidity and a hefty spread LOL
"10% p.a over 2-3 years cannot be taken as any guide to the future. "
Accurate or not, it only confirms that these are a much worse assets than equities, which has been the case for the last several decades.
It also suggest that the recovery here will take much, much longer than 2-3 years. If SGI's share price increased by 10% per year would if be attractive in comparison to buying 7-8% yielding assets that can be purchased at a discount? On a risk adjusted basis, with that growth, SGI looks unappealing to me.
The equity market in Germany is very underdeveloped in comparison, that's why historically Germans were big buyers of UK second hand annuities. That was my experience anyway. A group of "friends" acting in concert might be interesting. If they are holding close to the reportable holding level. It's another red flag given the poor liquidity. Pearls has already pointed out that a small, small sell trade can have a significant downside impact on the share price. It would be carnage if 2% came on the market, because of currency, legislation changes etc.
I and a friend held a large position in a mining company once, as retail investors, and contacted the regulator to ask what the implications were as we timed our trades/strategies together. As we jointly held over 3% of the company could we have been in breach of market regulations? I can't remember the outcome, but it's another thing to be aware off.
Interesting post. I've always been very concerned about liquidity. Red flags abound.
Huhu, you might want to check, if you intend to go above 3%. If it applies if your are working together. Market abuse regulations are complex, if you hold more than 3% as an individual it's reportable, at what point a group of friends might need to consider it, I'm not sure. If it's a "share club", which has a definition, then my understanding is it's potentially reportable at 3%. I may of course be completely wrong.
08-Feb-22 10:37:30 2.39 25,000 Sell* 2.30 2.60 597.50
08-Feb-22 10:28:57 2.394 20,470 Sell* 2.30 2.60 490.05
.........maybe you need to invest in some new glasses?
LOL
Nothing but sellers so far this week. Even Pearls has given up on "share of the year".
You'd think if you believed that you'd be leveling down again for the umpteen time!
It's certainly been a decent performance and yield, I also own the Sterling bond, there's plenty in my fixed income buckets that's got more interesting.....I suppose we should start looking in to the potential of RAVP.
I'm still willing to pick up at 4% yield, if it's solid and likely to be delivering for the long term. Japan interests me at the moment. Frustratingly I'm waiting for an initial listing of a growth stock I have on my watch list and the maiden reports from TLEI/P & FSF. I'm well up on the former, down on the latter. That leaves me wondering if there's an opportunity in FSF over the long term. I intend to hold the Sterling bond through the revised maturity. ERO1? I sold on the US news, so It was neutral for me with a little bit of income.
Hi railwayman, I have to say I'm not convinced about the whole NFT thing. Even less by the "celebs" who've take to displaying them on the social media profiles as a form of conspicuous consumption whilst lecturing the rest of us on the evils of capitalism LOL
I think that an example of "late stage" if I've ever seen one.
I suspect the Edward Penny might be a similar flow, but who knows. I've thought about the implications for the original asset, does it devalue them? An asset that might be on SGI's balance sheet now or in the future. The double curse of failed campaign and diminishing asset value..
I do buy rounds, rather than coins, for hedge/value, including silver (with it's VAT) I've always done that over numismatic pieces. It just makes more sense for me as I can see a very broad spectrum of views to price it off.
I collect ceramics, mainly studio pieces, but I have no interest in doing it for profit, some have appreciated in value, but I never expecting to sell them so it's of little interest to me. I collect because I enjoy the objects. I have wondered in the past if the failure of SGI might actually be good for stamp collecting, it might make it return to it roots, the pure enjoyment of the item not the financial reward.
Over the weekend I read/heard (podcasts) references to a report suggesting that "95% of all NFT's could be worthless in between 3-5 years", which I believe echoes similar comments of the coinbase founder, but I seem to remember him saying 90%.
The old Magenta appear to be a less that sparkling success, so what happens if the Edward Penny follows a similar failure?
We know that SGI's turnaround could still take another 12-24 months. Could the bubble be burst before they arrive at the party?
Will they keep pushing showpiece, if all it shows is there's little appetite for pieces?
" if a huge success is selling 14.85% of the shares then we should never have a global recession again .. ever.."
Sellers out in force again today. Until some proper value opens up best avoided.
My long term prediction of 1.8-2.2p looks spot on. Against a backdrop of inflation driven austerity there's better value elsewhere. I may revisit when it breaches 2p.
ALEX BRUMMER: In uncertain times stocks and shares, based on real companies, are considered risky - non-fungible tokens are beyond the pale
"As a long time philatelist and collector of illustrated Victorian books, I sort of understand why NFTs – created, branded, traded and stored on the web – might be deemed attractive to the hyper-tech generations.
But it is a struggle to understand how tokens, sometimes art works split into a thousand pieces, are ever going to compete with Rubens, Turner or Chagall. "
"Non-fungible tokens are beyond the pale. "
- enough said, another nail in the coffin of poor old SGI!
https://www.dailymail.co.uk/money/comment/article-10453215/ALEX-BRUMMER-Non-fungible-tokens-pale.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
"shares fall when as little as 5000 are sold"
You are describing the poor liquidity you've repeatedly said, over the last 2 years, doesn't exist!
Today: trade price 2.2755 it looks like we are still edging down towards my 1.8-2p price, I expect that to be the "share price" before long. It all looks very weak to put it mildly.
Don't worry, it will be 2023 before you know it. LOL Maybe "the share of the year 2024"?
With changes at Hornby, and the collapse in spending on funerals...then Red Flags here abound. How much longer with they want to be distracted by this minow..
Best avoided.
Well "share of the year" LOL looks very weak again. @2.3 it still looks over valued to me.
Just got cleared funds from their calling in the sterling bonds, so now I have just a small exposure to AMIGO. Interesting times, I may look in again after any agreed transaction. The bonds worked out well for me.
Top losers list again this morning. That's 3 days in a row. That suggest another down leg in the price. Nothing guaranteed, but it's been working like that. Buyers - LOL are there ever any - may want to wait a few days.
Top l
2nd day SGI has appeared in my top loser. That's a bad omen, if that happens again then the quoted price usually follows it down. It's not science, but just a pattern I've seen most of the last 12 months.