The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I’ve seen many companies go bust , and none that I’ve witnessed have gone. Out with such a steep drop , I feel any news from pdl will see us gap up somewhere , a diamond , news from lenders , asset sale
I see both colonels and cossies comments as welcome, its always good to see all the opinions as this is how we get to make the right decisions, what i take from is this is a fragile company, however the selloff seems overdone, worth a punt, but dont bet the farm
I think it just reflects a flashcrash which is corona, the media will son get bored of talking about it and find something else, traders have short memories......the world will keep spinning....the market will rebalance...
The big slide was all down to the virus and general panic IMO, not saying this is a healthy company but 7p more realistic.
https://www.cnbc.com/2020/02/14/coronavirus-latest-updates-hong-kong-pledges-3point2-billion-business-in-china-try-to-return-to-work.html
Beijings 14 Day Quarntine Period has expired, will probably open 5+ p Monday
HI Guys, i used to post here prolificly spouting all kinds of rubbish, since when Ive been involved with other shares, whats the latest? from what i can gather PMO was doing great getting the debt down to £2bn, then they got the great news on Zama worth £300-£500m, then they went shopping and bought a load of rigs off BP in North Sea with the Zama money, then its turns out that Zama may be a problem in terms of ownership, and a whiff of some dodgy Mexican dealing, and they may not own Zama after all, so Im assumng we are back to debts of £2.4bn, is deal with BP def going ahead......Has Tony once again shot himself in the foot? any clarification on the aboe but be welcome cos I havent followed it very closely and I may be gettting wrong end of stick.....thank you
Common sense will prevail, let the virus take its course, better to lose 2% of the population than all die from poverty.
US will pull us out of it in 5 mins......there will be a leak from the FED about interest rate cut, they wont let the carnage continue...all imo not sound financial advice
I take the same view , the positive cashflow is their saving grace, a positive announcement from the lenders could see this multi bag very quickly from here, PDL has historically schizophrenic chart movements and has diced with death before
I think the obituary is being written way too soon here , the speed and gradient of this fall is not too great , traders dream
I did....
Surely if it were being milked as you say the debt would be up to the £70m facility not around £10m, liike PDL (Petra Diamonds) now thats a company thats been milked dry with eye watering debt of £590m, how did they spend all that????
Revenue up, debt down, what is not to like
not surprised by update, too much debt, even the big blue diamond sale failed to help with debt reduction, I might buy back in in about 12 months if the company is still operational, as for GEMD that looks much healthier to me, no debt issues, just renewed 10 year lease , I Think expecting a pullback to mid fifties is a little optimistic, the coronavirus has claimed 80 people, mostly the old and infirm, hardly the demographic for diamond purchasers....
I don't like the words 'rights issue component', i agree with SK ,wrong move at this time, not while debt is £2bn, it just undoes all the good work of the past 2 years, worldwide recession and this SP is in the doghouse again, shouldve built up a bigger cushion before going shopping, this is what I learnt playing monopoly
I think your synopsis is bang on the money apart from the 'great wealth' part, personally I think he is bankrupt and up in his neck in it, only got the gig as president to stave off Putins dogs.
The last update in October contained 2 very promising news items, both due anyday
Business Transformation:
The targeted US$ 100 million in incremental revenue, productivity improvements and cost savings over the 4-year period to end 2021 is on track to be delivered and is expected to deliver US$ 50 million by the end of 2019.
Ghaghoo
The sale process, which is subject to regulatory approvals in Botswana, is ongoing with finalisation expected before 31 December 2019. Subsequent to Period end, the application to transfer the mining lease to the purchasers has been filed with the Department of Mines.
Xmas Eve, no volume, more sideways action ,next week will find direction
@ Trninty20....Such an exciting share, so exciting that i'm not invested in it...HAHA
I think anyone who tries what you are suggesting will get fingers very burnt