The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The Company is effectively insolvent.
Debts of £28M I believe, £20M Hilco loans approved at extortionate interest rates and the market cap is £28M.
You can see JD was never going to pay £100M ,£200M or even some posters said £600M.
Just goes to show charting Osborne thing but you have to use all information and knowledge to make informed decision.
Good signal originally and they are still saying Stay Long without the benefit of the News .
Here's the update but warning signs were there. Today's call to 27p was definitely a sign:
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 25/03/2024, 3 days ago, when the stock price was 25.20. Since then SDRY.L has risen by +14.29%.
Market Outlook
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. The share price is still not below the confirmation level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to
"However, Julian Dunkerton remains fully committed to the company over the long-term and is in discussions with the company in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton, which would provide additional liquidity headroom for the company's turnaround plan," it continued.
The company added said it is expected that any equity raise would be at a very material discount to the current share price, and would be conditional on a delisting of the company.
Shares in Superdry closed down 5.1% to 28.80 pence each in London on Thursday. Over the last 12 months, the stock has plummeted 71%.
I just hope Justanothernoob at least has the humility to come on here and put his hands up he called it wrong.
I very much doubt that will happen though as he always answered with industrial language and personal attacks.