The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Will the phrase LTH (long term holder) become a thing of the past because most pi's have been spooked enough not to hold their shares long enough because they know that the greedy people will be dumping their shares on a 6% to 10% rise?
Take today's last trade.
If an individual pi or group has actually bought 265k shares (not a combined total of ii account holders), you can bet your bottom dollar that some, most or all will be dumped when this rises enough. To note that for every 1p this goes up, that purchase is worth £2,650. We haven't had much volume of late, so if by mid August good news comes (both miners mining or the met coal price has gone up) and the SP has gone up say 10p by then, you can bet your bottom dollar that that holding will be turned into profit. There has been some big money laid on stocks that have dropped that will probably rise in the near term. That's what I'm seeing. Big money laid to make a tidy sum on a big enough rise to make it worthwhile. Might even short it before they dump, knowing the SP is likely to drop on low volumes.
I don't have a big investment pot, but if I did, that is probably what I would do. There are some wealthy traders out there that just want more and more. Greed mate. The LSE has to get to grips with the fishy activity that has been going on across the board of late, otherwise the small pi's might be put off investing in the stock exchange for good.
That's my opinion and you might think that I'm talking rollox
Looked at your post in April rsvww.
"I know the climate is not stable, but I think there are too many players in the markets these days to really give these small companies or investors a fair chance.
Back end of last year the majority of us thought 20p was the bottom, but honestly, I see this hitting 10p within months of there is no substantial improvements to outlook... but even then, you're still fighting the shorters."
Forget BEN'S current SP. I agree 100% that there has been a lot of iffy activity on the stock market this last year. Most of the stocks have been driven down hard when a slight opportunity arises. Doesn't go up so much or fast on any good news. Definitely, trading / shorting gangs at play IMO (may be from oversees).
Thanks Paul.
Radio silence by the BOD seems to be a common theme with CEO's of stocks that I hold / monitor. There is nothing worse. Lets the naysayers in to do their work.
I know that you been here a long while.
Hoping it comes good for all of us.
All the best.
Hello Paul.
I've been watching this since the 5p days.
Love the asset.
The licence saga has thrown a curve ball but this has allowed me to buy some yesterday at a very reasonable price. The company has spent circa £11m so far. They will get those licences back in my opinion, and when they do it will be happy days for the company and Sri Lanka.
I can wait.
I think that the licence issue will be resolved in the not too distant future. There is too much at stake financially for a country that is on the brink.
I can think of only two reasons why a small few are acting badly.
1. They are waiting for a back hander / brown envelope (the only currency known to people in authority in these types of countries)
2. Someone else (firm or country) wants the licences and they will give the bad actors very big brown envelopes if they can make it happen.
This asset is huge. Has the backing to go in to production.
I just hope that the BOD have not just been twiddling their thumbs whilst this has been going on.
Are you still in this PaulFG?
I completely agree John.
Noted.
To add to the comment from Fox. Welcome by the way.
There is also revenue from Fox Marble.
Fox Marble will also be supplying some (if not all) of the Marble for the modular homes (kitchens / bathrooms etc). Inter company transaction so to speak.
Goodbye Nobby.
You've been a blast.
Nobby.
Type in google. ECOB RNS 15/06/23.
You will see the following:
· New purpose-built factory building in Albania completed close to the new port terminal at Durres
· All plant, equipment and vehicles previously operated in Dubai now located in Albania
· Operational team relocated from Dubai to Albania
· Reassembly and commissioning of plant and equipment proceeding apace at the new factory
· Two supply and manufacturing contracts signed in place ready to be fulfilled valued at €114 million
In addition, the Group has entered into a manufacturing and licence agreement with North Eco, a third-party company proposing to build modular housing in the United Kingdom utilising the intellectual property of Eco Buildings. Under the terms of the agreement with North Eco, Eco Buildings will receive 30% of the gross receipts of each unit sold by North Eco. The Company is also in ongoing discussions with potential additional customers for its modular housing product.
Modular housing market share is expected to grow significantly over the coming years as developers and nations seek to address the substantial shortage of stock and issues surrounding quality and affordability.
20% free float as the the 80% is locked in for a year.
The above more than covers the +£500k per annum.
....... and will you posting anything positive about ECOB going forward nobby or have you joined today to target this company to suit your agenda?
Every board has one.
Glad that you joined today to save us all Nobby.