The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The bank manager will be suffering agonies. But then, its his own fault, we all know that 'they' come in threes. He fell for the 'buy on the story', but forgot the second bit. This is now a total gamble, in fact it has been since I sold it. The Bod are the most investor unfriendly bunch I've ever known. It's as if they want to go bust reading their updates.
Their estimates were based on fundamentals that were proved wrong and are now no longer in place. Simon Thompsons no mug, he said £4 based on similar fundamentals, now he says sell. Paul Scott thinks there may be potential a few years down the line, but for the foreseeable future without profits, he doesn't see the price going north. It's basic risk reward stuff really. The reward was £4 but the risk was an RNS like we've just had. The next one will surely be the third profit warning. Unfortunately, profits are what investors want, and TRAKM8 isn't going to see a meaningful one for a long time. As I've said, beware blind faith. .... no more topping up for me, it's the bottom draw for 3 to 5 years, provided we stay solvent, and creditors remain cool with regards the now lowly market cap.
Will be due to no good news in the foreseeable future. More likely another profit warning. Investors want to see profits and that RNS has painted a bleak near term future for those. As I think Mike eluded to, these are for the bottom draw, your'e not going to see any upward movement until profits come through. The lower the market cap will make the lenders of all that debt uneasy as well. Bottom draw and forget about em, for me at any rate.
This is the bit I don't like; "The outcome for the full year remains subject to the timing and quantum of contract opportunities as well as the impact of exchange rate movements. Strong delivery of our near term pipeline would deliver revenues and profits in line with current expectations, although there is a downside risk that if contracts drift into the next financial year profits would be broadly in line with last year on higher revenues.
I've got the opportunity to buy back in now at almost half the price that I sold at. I will be buying on weakness, not fundamentals. Weaker profits means that your money's gonna be tied up here for a long time now until that reverses. If it doesn't, well. I'm happy that Sorros is happy, but I wouldn't be. Beware blind faith. ,
Likes us too. http://www.sharesmagazine.co.uk/news/shares/trakm8s-cash-solution
I don't disagree... I just wish others didn't. All that news should be fully priced in now. Question is......is it ? Come the news I think we'll find quite a bit of it is, and we'll be left wondering why the SP hasn't budged on relatively good news. But then again, ......that's the fun....
Is what we need. A lot of investors who came in on tips and momentum last year have just lost it all, and some will be nursing burnt fingers. They've gone now. From here I think we will progress as the figures are released, and we gain buyers who see value, not buyers jumping on board seeing us as a one way stock like last year. I think it's going to be a patience game from here. That's why it's in my SIPP. I've no idea what the price will be in one, ten, fifty weeks from here. But i'me as confident as I can be where it'll be in five years time. ( unless we get bought in which case we'll get there a little sooner).
To an update from ST at IC. See what he makes of it all. He could prove to be the catalyst that we are in urgent need of. After 'the interview', (which was THE opportunity missed), I don't think we can wait until the trading update in April. The market cap is now down 30 mil in a short space of time, institutional investors will not like that. Nor me. Topped up in my SIPP today at 228.
I remember his tips funds. That was the last I'd heard of him until this week. The funds lost a lot of people a LOT of money. Nearly ALL their money. I'm amazed that he's still doing the rounds. Be interested to know If he's got any long tips correct since his funds collapsed amid all the ridicule and humiliation. Thanks for that link Pharmajohn. Top up time.
Never felt so chuffed to finish level on the day. Phew ! I agree with Lord Adam that anyone would find it difficult to short this stock. However, when pain comes around it's inevitable that rubber neckers will come and take a look. Just wish they'd stick around come the sunshine.
http://www.*************.com/views/18116/trakm8-crazy-valuation-bonkers-acqusition-pre-christmas-one-to-short This explains today's drop, but not the drop over the past few days. Sorry if anyone feels like Milender and wants to stick their heads somewhere else, but I'me trying to look over the parapet and work out why I'me losing money. And crucially, will I lose any more. Going "la la la" isn't recognised on any of my algorithms and won't help ME one jot.
In a month, this ( don't want to sound like a broken record) has to be, Stock specific. But I just can't see it. Looking at the trades over the new year, others obviously have. Much further and we're gonna be getting the unwelcome company of the in and out brigade. Aim eh.....
Have been finding it difficult to lmpossible to exit/lighten up here over the past few days. Therefore, I think that today we may see a few PI's selling out having taken the lesson on small cap investing. So, I will be watching a little more closely today in case we are presented with some bargain shares.