The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks guys. Much appreciated.
It's good to see this rise, I reckon it must have something to do with increased demand now that Shanghai is starting to build cars after their lockdown. Anyone else have any other reasons for the fall and now subsequent rise?
It's good that it's now debt free but i expected revenue to be higher. 2H revenue will be more hampered by interest rate rises, lower consumer confidence and lower savings for cash purchases, not to mention the existing supply chain issues.
Who was the guy who predicted 4p? He was the only one calling this drop.
All I recall is Cardinal predicting this was hit 14p before it hits 4p........that prediction hasn't aged well at all, especially considering the trend was always down.
There are two reasons why analysts initial coverage on a company, 1 - SLP are doing business with Liberum and Liberum are using their investor base to advertise SLP in return. 2 - SLP are becoming more important in the sector and this gives Liberum more opportunities to attract new investors on under researched smaller companies.
Let's wait and see which one this turns out to be.
I would never consider any equity analysts price target. They are always wrong.
The macro environment is pretty clear, the only firms who can weather another short term decline are those with strong balance sheets and dividend payers.
I agree it's helpful that directors have been buying. They won't be able to control the short term price movements but will be able to convince long term investors that this company is a safer haven in the retail sector vs its peers.
I hope it goes down. I'm short Ocado and have been for while.
There is no doubt this will fall for a number of reasons, both macro and micro. Consumers would rather shop in store rather than on-line. Shoppers are tightening their belts and spending less. Shoppers are choosing lower cost outlets rather than their traditional outlets.
Potential future problems: supply chain issues result in food shortages and lower revenues for supermarkets. Unemployment will rise which will impact all sectors, including retail.