The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Maxi - completely agree. I think this is probably what winds up PIs the most. It appears that they have learnt absolutely no lessons from past indiscretions regarding comms.
What is worse in leadership than not being prepared to learn from past failures? And what is worse for a shareholder, than ambiguity and lack of clarity (apart from outright lies, which I’m really hoping isn’t the case here!)
For me this delay screams of either two things:
1. Incompetence. They’ve had a year. BT said in October that they are hoping to announce details in January. No excuses for the radio silence.
OR
2. A commercial RNS on the horizon that would have a positive impact on the SP in advance of the announcement. They may even be looking to announce at the same time.
As I’ve said previously, my hope is the latter but my fear is the former!
ArthurTurner
Delaying for the interest makes no sense. They have committed to returning £33m-£40m to the shareholders. If they wanted to cream an extra quarter of a mil, they would have just taken it from the pot and no one would have been any the wiser and shareholders would have been happy to know what was going on immediately.
Daz - this will be my last comment to you but your arguments are flawed.
If you were a new headteacher at a school, would you turn up and immediately disregard the opinions of all the teacher’s who’d lived through the last few years and were talking about underlying issues because the “OFSTED report didn’t mention these”. Would refer to their grievances as a “negative echo chamber” and expect them to welcome you with open arms?
There is a group of LTHs here. And I believe many, like me are optimistic about the future of the company. But they have also, been here for years, dialled in to company updates and listened to what Brian has told us, asked questions, emailed the company, been patient etc.
Then you arrive on the scene….read back over RNS’s, tell us all that “if it’s not in an RNS, we shouldn’t believe it” and call us a negative echo chamber.
If you can’t see why you’ve not been embraced then you probably need to work on your EQ. Good luck, and I hope you never have to undertake a people management role!
Daz - I didn’t say you can’t post and never would. Everyone is allowed an opinion and a platform to express.
I’m just voicing my opinion that your pattern of behaviour has been shown on this board (and many others I’ve been on) previously, especially in the run up to a big event. Go look back pre settlement. A poster called Flying Higher was doing exactly the same - monopolised the board, as soon as it was all over, he disappeared.
You carry on, as is your right, I’ll take you with a pinch of salt and others can form their own opinions.
I think you’ve got it all wrong Daz. I feel very positive about the stock. Its the obvious rampers and derampers who turn up with an attempt to hijack and control the board that annoy LTHs who know the story, and have varying opinions.
Daz - you’ve literally just started posting on Nano and in the last 30 days you’ve made 277 posts. All of which are overly positive. It’s a pattern seen many times before and so transparent.
I’m a shareholder of a decent stake at an average of 19p - with a 10p-12p dividend due soon, so I’m not exactly unhappy but like most genuine posters here, I try to have some balance and take into account the history of everything here. You, my friend are far from genuine.
Daz - just like before the settlement and from what I’ve seen on these boards for other stocks where something big is in the horizon…..up turn the “super rampers” / “cheerleaders” who won’t say a bad word, as well as the doom monger derampers, who pour water on everything. You clearly fall into the former. Most people on this board will know that you’ll disappear into thin air once this is all over which is probably why no one is taking you seriously.
They’ve had a year to do due dil. They knew Dieter has been coming for ages and he’d have had his eyes over this. Any delay for anything other than a strategic call to await a commercial announcement will be pure incompetence.
I personally don’t subscribe to the delay relating to Nano looking to cream some short term interest off the top. They’ve given a range of £33-£40m to return to shareholders. If they wanted to pull some cash back they could easily just reduce the payout by a couple of hundred k, we as shareholders would be none the wiser. Instead doing it the way they have has infuriated an already suspicious PI base. My view is that it’s down to either a) incompetence / under preparedness or b) they are awaiting for a commercial announcement to limit the SP impact once they announce the capital return. My hope is the latter but I fear it’s the former.
Keep your hair on Kooba. I listened to the specific question regarding the return of capital. An honest mistake to take that answer as the company line!
Personally I’m firmly in the special dividend camp. Not only down to my individual circumstances of holding my investment through an ISA but also, I’m invested in another company who are now mid-way through their second buy back with neither buy backs having a material impact on the share price whatsoever. Gimme my 10p-12p please.
Kooba - unless I’ve missed something, I’ve just listened back to the October Investor Meet Presentation and the Question was asked at 43m 40s. The answer was that the return of capital will happen in February or March and that the method will be announced “early” in 2024. No mention of January.
https://youtu.be/-wEXT3I3OaY
Wr666 - yes, a return of the companies capital. The company have previous stated that they will consider all options to do this so it’s by no means nailed on.
That being said, my preference would certainly be a special dividend and given yesterday’s timely RNS, it seems as though the board have positioned themselves nicely for this to be the vehicle of return!!