The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I use Halifax, more for long term trades as small fee per trade, but I seem to get a quote there loads when people are struggling with HL
MBB why do you think it will be over £1 a share? It’s currently at 17p with a £20m market cap. So that’s saying a market cap of £120m. Then we’ve got the 73% dilution, so you’re saying the company will have a market cap of £500m in one year? A company with revenues of £1m, and a cost base around £5m, which they are going to decrease as it’s too big for their short term revenues.
Last thing we need here is more ramping, enough people got stung.
Can we stop this blind ramping? An 18p share price values the company at £100m once all the options have been excercised. This is a company that has had revenues of £1m 2 years running, and is cutting back its cost base of £4m because it’s accepted that revenues won’t be enough for that cost base. Also the company will probably make another 7 figure loss this year and will need even more cash, so probably more convertible loans. Enough people have been stung by the rampers on here now.
Drop it down a bit mate, that’ll be fulfilled by half 8
Applebee I’m exactly the same, Wolves post made me check the chart again and then it’d been updated, as it did initially show £80. Bloody glad he flagged that, sold most my shares straight away.
I’m really not convinced. newly issued share capital amounting to 73% of total shares is about to be purchased for 5p. If the share price was to be maintained, the market cap would need to be around £150m. For a company with £1m revenues. I’m out ASAP this morning.
Enough lies have been spread on this board. This is not some trick to get everyone to sell, the company are clearly independent to the MMS, and it’s definitely not so people in the company can buy cheap shares, see the RNS, think they have enough already :’) hope no one got too badly stung yesterday. And as much as I wanted to stay impartial to let people make their own minds up, maybe we should have listened to Wolves...!
Shame on everyone yesterday who was pumping the false news that new directors were coming on board today, directly from other huge firms. Of course the RNS doesn’t say that, instead it’s a speeding ticket.
ne14t thank you! Managed to get in around 15p :D
My word I was nervous selling my SYME holding this morning and putting it all here at 15p :’)
You’re username is ‘keep it real’ then you spout absolute **** like this? The SP hardly went up after billions of origination was announced. Why would an acquisition of a Singapore sub sent it up 60%. Dear lord.
True if the assets are in the company listed. These are assets in a subsidiary no longer under the control of the listed entity - I think that makes a difference?
Just out of interest, why do we have an issue with A&M here? I appreciate it’s very frustrating, but ultimately the subsidiaries are under the control of the creditors, who ultimately just want to be paid their money back. They don’t care about residual funds being left in the subsidiaries. But A&M don’t have a say over the subsidiaries at all. So they are at the mercy of the creditors, just like we are.
What a shocker of an RNS. Could see minus 30-40% today :’(
Gross origination of 1.9bn Euros, syme fee of 3% gives you 60m revenue. Even with a 50% profit margin that’s 30m profit... and that’s if they convert it all to monetisable origination.
Great news on the relisting. But can we stop acting like this is going to jump up to 5p? We are in a no better position that 2/3 months ago, perhaps worse due to the lack of news. And also the FCA haven’t given this company a clean bill of health, they’ve simply met the legal requirements in respect of posting accounts, and after administrative paperwork it’s been relisted. I’m not getting excited until we have a good RNS.
Am I the only person who can't buy or sell a single share? Looking at the buys / sells today, they are so piddly like maximum £800. I don't understand why there is effectively a ban on any buying / selling!
I hope no one lost too badly today. I posted twice on Friday to warn people that this share was issued at an IPO price of 5p, which was driven up due to demand to lead to the ridiculous price of 23p. The owners of the company value this at 5p a share, yet people were buying at 23p. I tried to post to warn people not to get sucked in by the rampers, and the rampers just reported my post to get it removed. Just please be careful everyone, no one on this board wants you to do well, these rampers are just here to make a quick buck and leave.