The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
British lender OSB Group OSBO.L down 24% at 353.6p - top loser across London stocks
** If losses hold, stock set to for biggest one-day drop since July 2023
** For year ended Dec. 31, underlying pretax profit down 28% at 426 million pounds ($545.49 million)
** Results impacted by the adverse effective interest rate adjustment
** In FY underlying net loan book increased by 9% to 25.7 billion pounds
** New share repurchase programme of 50 mln pounds over the next six months
** As of last close, stock down ~6% in the last 12 months
Sep 2023
https://businesscloud.co.uk/news/bidstack-ceo-sets-up-private-firm-due-to-public-market-headwinds/
Bango shares were 252p in March 2023.
So a 138% increase from today's price would equal the highest price that was achieved in the last 12 months.
Someone asked earlier if there is something lurking in the background because the drop seems overdone. Remember Bango only has 76 million shares in circulation which is a relatively small amount compared to some other companies where 250 million, five hundred million or even a billion shares is not unheard of.
The smaller number of shares can sometimes make the company vulnerable to larger share price movements.
Jan 24 £400k
Nov 23 £454k
July 23 £650k
May 23 £530k
March 23 £318k
Dec 22 £1.85m
I make that 4.2 Million since Dec 2022.
Had no one got the message yet?
BOD must be laughing all the way to the bank!!
"These project NPV10 valuations equate to approximately 169p - 174p per Deltic share"
I'd be happy with 69p a share !
Anyway, RNS seems positive. Let's see if market likes it...
Are you okay ShearClass?
I'm just asking, because someone with real Shear Class wouldn't start criticising or calling other forums members names.
Please change your username to NoClass.
Someone
You can buy on the open market at 1036p with a low 1.17 spread yet the Primary Bid offer is 1150p which is a 6.1% premium.
So they need a rise of 11% tomorrow otherwise it will still be cheaper to buy on the open market.
They say there are some interested parties who are interested in buying the company.
That said, they were 2000p in September this year and 5280 in September 2021.
Stockopedia gives them an overall score of 61 with 86 for quality.
Will be interesting to see what happens tomorrow and during the next few weeks...
This is definitely an interesting one where you might make 40% + in a relatively short period of time or lose your entire investment.
I'm sure many people on here will remember the Safe Style UK adverts on the TV which were very memorable with their "bogof" slogan of "buy one get one free".
Apparently the chief executive is on £320k a year! Yet another story of the board of directors earning extortionate salaries whilst running a seriously loss making organisation.
Check out the link below for a blast from the past.
https://youtu.be/i3A1TT3kwIY?feature=shared
The real losers and sado's are the unsuccessful invididuals who just HAVE to come onto a forum and make a post telling people they are losers.
Successful people would never ever do that.
This cements Burford as the No.1 player in the legal litigation arena globally.
Use Burford and pay a premium if you want to win. Simple.
Wonder what it will open at when suspension is lifted?
Some very good news, considering Deltic have one of the largest North Sea gas discoveries in recent memory.
https://www.lse.co.uk/news/pm-sunak-backs-plans-for-new-oil-and-gas-exploration-off-uk-72z3lfxb5t5jev3.html
DrMicho posted earlier they have had a placing every 2 months since Dec 22:-
Dec Placing to raise £1.85 million
Mar Placing to raise £318,000
May Placing to raise £531,624
Jul Placing to raise £650,000
That adds up to £3.35m. Who is crazy enough to keep giving them money?
So the Finance Director bought £10k worth, but is on £280k per 18 months so is pad £15,555 per month (before tax). Even after tax this is only one month's wages for him.
Whilst many people now expect this circus performance on the alternative investment market, people still keep falling for it time and time again.
Whilst you wouldn't usually call a placing "Great", it is great to see a placing that isn't at a massive discount.
But... you could buy at the close for the exact same price as the placing price, so there is very little incentive to take part.
It was also great to see the RNS released before the close, as these usually drop at 16:35 when the market has just closed, only for the price to nosedive the next morning.
The Issue Price is just 0.6% discount, but there is dilution so might drop a bit more early doors making me once again wonder that maybe they should have given a slightly bigger discount.
Will be interesting to see if they reach the £5m they are looking for.
Nobody bought at 5.5. After allowing for the spread the ask was closer to 6p (maybe slightly less).
Few traders with DMA who could have got in cheaper would bother posting on here.
So a rise from 6p ask to 11p bid is an increase of 83%. Not bad.
Didn't someone call this a turd? I'll buy a turd that goes up 83% in 4 days !
Morality, anyone who needs to tell people how long they have been investing and that they are "successful" are obviously the opposite.
If you look at the financials, you will see turnover was $52m in 2021 ($8.2m net profit) and $63m in 2022 ($11.5m net profit).
Book value was $112 million in 2022.
These figures are set to fall (obviously). But... to suggest sales will drop to nothing which is what you did when you suggested they might run out of cash in 18 months is not something an experienced investor would even mention.
Sales are down and forecasts are down, but they are not non-existent!
The share price is low for a reason. True. But the reason is not because they will run out of cash or that they will have zero sales.
Stockopedia gives many other metrics that help with my decision that the current valuation is an anomaly.
I am very much into anomaly investing based on factual information.
This company gets a score of 89 for Quality by the relatively well respected Stockopedia.
It gets 99 for value, and 78 overall.
I certainly think the article in the Times was misleading given the high-valuation at the time, but at these prices and with cash at bank of £25 million and zero debt, this will rise further.
Someone mentioned earlier that in 18 months they won't have any cash left, which is of course a ridiculous statement because that is assuming they do not make any sales.
Sales are lower (if they weren't the share price wouldn't be 9p), but they still have some popular titles and some valuable intellectual property.
36p was too high. 9p is too low.
On Stockopedia TBLD get
Quality = 89
Value = 90
Overall = 78
Okay, they only score 18 for moment, but we know that's because of the price falling.
These were 121p this time last year.
Time for quality, time for Tiny build.
I have just re-read your post and can see you have quoted the same paragraph as I have just pasted, so not sure how you interpret them having to "plan accordingly".
Im interested to hear your interpretation of "having to plan accordingly"....
This website doesn't even have today's RNS on it. If it wasn't for their buoyant chat I wouldn't even use this site.
Today's RNS said (pasted from the RNS):-
"Despite our continuing efforts and the High Court Judgement in our favour, we have not, as at the date of this letter being published, completed the settlement of the historic claims. This remains our expectation, but as time moves on we need to plan accordingly".
So, you can deduce or assume anything you want from the words "need to plan accordingly".
No apology necessary...