The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It looks like to me as though the MM's are acquiring shares here, positive news hopefully on it way.
GLA.
Offered 2.01p to sell, spread is a lot narrower than indicated on this page.
GLA.
Good to see a 400,000 buy pop up this morning.
I'm looking forward to the next update, hopefully positive news on the way.
GLA.
There are companies who are "shorting" ABDN shares (see ABDN Short positions tab above), TerryMC1 is saying that those companies who are "shorting " i.e. selling ABDN shares to lower the share price will have to start buying back shares to cover their positions.
Essentially, "Shorters" borrow shares & then sell them, hopefully this is useful.
I have done likewise, purchased more shares today.
It has been a great journey over the last 10 years, I'm not ready to leave just yet.
GLA.
Excellent update, I like the considered approach being taken by the MD.
A £9.60 share purchase this morning increases the share price, that made me smile, the spread is close to 5.0%.
It appears that there is very little demand for shares even though the SP has fallen by 2/3rds since the IPO in July 2021, one for the watchlist.
The market capitalisation of this company has fallen to circa 1/3rd of the IPO market cap (July 2021 - £255.6 million) and the only response from the BoD is for the CEO to buy £18k of shares, unbelievable !
Correction - Lendinvest was floated at 186p per share in July 2021, the market capitalisation then was £255.6 million.
old1 - that is the question.
The chart looks like a "falling knife", will we see another fall tomorrow & the next day?
It is a concern when the Board of Directors don't put their hands in their pockets & purchase significant numbers of shares, this company was floated at 200p + in July 2021. Are we to assume that the Directors do not regard 60.5p as being a decent buy price?
I'm not surprised by how much it is falling, I posted a comparison between Lendinvest & Paragon last year. I could not understand the valuation being assigned to Lendinvest.
CEO's share purchase yesterday (c.£18,300) is not inspiring imho.
Lendinvest was listed at over 200p per share in summer 2021, now 63p & falling, what a car crash.
You are spot on sasa43, I would add that Serica's largest shareholder purchased more shares following the Kistos' "offers". For me, that demonstrated that the company's largest shareholder (Mr Hardy) backs the Serica BoD, that won't be lost on any organisation / individual considering launching a takeover bid.
Looking forward to the publication of the interims.
GLA.
upomega - If you are "rapidly losing faith" in Serica Energy, why not sell your Serica shares and invest in a company which you have "faith" in? That would be the rational thing to do.
Interim results to be released in weeks, North Eigg being drilled (significant WFT relief to be claimed on drill costs), cash balances growing by the day, I am in the Mr & Mrs Hardy "camp", buy & hold Serica Energy shares.
GLA
Well said Mommur.
I was fortunate to work for a company that went through an IPO. The search for acquisitions was relentless, I was constantly being taken off my day job to undertake due diligence work. I lost count of the number of potential acquisitions which were aborted for one reason or another, that is what happens.
Serica's largest shareholder, Mr Hardy has in my opinion demonstrated his support of the board by buying more shares recently, when I look back over the last 10 years, I should have taken a "leaf" from Mr Hardy's "book", namely bought (more!) & not sold (any!) Serica Energy shares.
The story of the hare and the tortoise always springs to mind when I read some of the postings on this chat page.
Looking forward to reading the interims.
GLA.
Serica Energy Market Capitalisation £1,121 million
Kistos Market Capitalisation £495 million
@ 18/8/2022
We are now above Kist's first "offer" of 382p per SQZ shares, how long before Serica SP exceeds Kist's second "offer"?
Looking forward to September's update.
GLA.
I can't say that my sixth sense is tingling, but I remain hopeful that some positive drilling results are about to be released.
Been invested since 2016, went through that painful 1 for 100 share consolidation, remaining optimistic.
GLA.
Stephen Bird should resign, wasted money on a re-brand, Aum now tanking, the "Turnaround Plan" is a shambles.