The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Whats upset you? Ford's salary of �96k? Buck's salary of �76k? Or is it our R & D consultants salary of �92K? (wonder who he is lol) This has been one very loooooooooooooong gravy train! Just to put it in perspective the 2 directors & the R & D consultant were paid �111k more than the income from ff.
Its has been 10 years plus of comedy here. Ive laughed at predictions of �1 plus on the sp, predictions of breakeven, the warrents of 20p agreed in the EFF meaning that the sp was guaranteed to reach that figure, transformational deals, ff been the jewel off DSMs crown, the directors earnings, DSMV selling because the sp was about to go up, (go figure) �25m combined losses to date, claims ff will be added as a requirement for travel insurance, Dr Hiliary been the the face of ff, nods and winks at every AGM, deals been done with coke/ Danone et all and the laughs just keep on coming. By the way stop stalking me.
Seems we have a consistent seller at the moment. 8 trades of 1m sells in 1 week. The odds would tell me this is the same seller. How many more has the seller got to get rid of? Who knows. Perhaps someone needs an extension.
Probably best you stop responding to me. The share price has ran itself down with each set of useless results. 1.5m more bought than sold and an increase of 0.05 on the bid on the closing price is nothing much to get excited about.
0.3p is more likely than the 10p short term, 50p medium term £1 long term that you lot used to predict. When pxs was originally put on AIM the sp was around 5p. It has been a disaster in every sense. Combined losses of £25m, losses every financial year, appalling income, overpaid directors & slowdown in new products, i think 0.3p will be here in the not to distant future. ps Why are you trolling me?
"Excellent News. Why we haven't trebled in value already remains a mystery !" Feel free to keep buying. The bid has basically only moved 0.1p which probably shows how big this news is in reality. For the sp to treble you would have to have significant profits to come in to justify a £30m plus market cap. Absolutely no suggestion that is ever going to happen when you look at the history of pxs. Its a good buying opportunity for those looking to increase their losses!
I was responding to the results (as normal) nothing to do with you. As anyone can see whether it be this, pxs, panr you cannot see the wood for the trees. You are obviously impressed by growth (whatever the cost) but to turn this in to a profitable company will be extremely difficult. We will be having the same conversation in 5 years if you are still stalking me at that point.
Is that you responding to me again? Stop trolling me. You are right i can see no other way of growing a business on heavy losses year on year. The formula has worked perfectly at pxs which currently sits on £25m combined losses to date. Every year will see another excuse as to why losses are so severe & why directors are rewarding themselves hansomely while the company performs badly. Turnover is vanity profit is sanity. Another company going nowhere fast. As far as why i post on this (not very often) and pxs (still not very often) is because i think they are both a complete shables & investors have been encouraged to by on the back of some fanciful talk. Just look back at some old RNS. It's laughable to read but was enough to get people to buy at the time. It created a great opportunity for some to make a quick buck (madrid was easy money!) but i find the way the way that both companies have been run distasteful. And as is my right in those circumstances i am free to post my opinions. As you are with 14,721 posts including many on WRN which i think im right in saying you hold no shares for.
A Loss before tax of £2.2m for the first 6 months of the year up from a £841k loss last year. Nothing says progress like an increased loss of £1.3m. Practical progress! lol More money will be needed again soon. Its going to be very difficult to turn this into a profitable company (as it was before it was bought) its very fortunate indeed that the directors decided to change the way their bonuses were calculated. Do you remember they decided to change it from been profit related to turnover related. One is easy to achieve the other very difficult. Personally im happy for them. lol
It was you that responded to me on Friday. So if you dont want me to stop posting to you, do yourself a favour and stop posting to me!
Ive never been to honkong before. I have done Honk Kong. Its not really a good example to use as its relatively small only makes up 0.5% of china and is far wealthier than the rest of it. In real terms they earn far less and have less disposable income than the majority if not all the countries that have some supply of ff. Problem is ff has hardly made it off the ground in more prosperous countries what logic leads you to conclude poorer people will see the need for it? I never said efsa approval would not be granted. I am not a scientist & therefore had no idea if it would or it wouldnt. What i did question was claims after it was granted that Danone, pepsi et all would be queing up to buy it. Do you not remember the comparisons with Stevia? Claims the share would reach £1 in the short term. What about the claims that insurers would require people to use ff before flights. People saying this would be a profitable company. (from around 2011) Claims that the pipeline of products would make pxs a multinational. Just a couple of the daft claims made on here that i disputed. Right on everyone! As far as putting my Madrid winnings into another share your right. I ploghed my money into SPMG, PANR & WTI. O wait there......
"I really don't think you've studied modern China" I didnt realise you had studied China. So from your studies please tell me the average salary of someone in China? And from your studies please compare that to some of the other countries that currently have access to ff. Feel free to use graphs or charts. lol
I think you are missing the point. They are dwarfed by DSM. And DSM have only managed to bring in peanuts so far. Important to remember that the expendable income of people in China is far lower than nearly every European country. Its very unlikely to be a game changer. To find a positive here is to ignore the facts.
All of a sudden no mention. And look slowdown in new products. Sep 17 - Over 50 Sep 16 - Over 50 Sep 15 - Over 40 Aug 14 - 27 June 13 - 17 And so with the number of new products slowing & annual growth in sales slowing everyone is pinning their hopes on a $2b after a $12b company didnt bring what was needed.
Sep 17 The Company and DSM have seen an encouraging increase in brand awareness and customer interest in Fruitflow® in recent months May 17 An increasing number of further commercial projects have been initiated by DSM with prospective customers, including some prospective customers which are part of global businesses, with good prospects for these projects to be launched as consumer products Dec 16 An increasing number of further commercial projects have been initiated by DSM with prospective customers, including some prospective customers which are part of global businesses. Sep 16 An increasing number of further commercial projects have been initiated by DSM with prospective customers, including some prospective customers which are part of global businesses. Dec 15 An increasing number of further commercial projects have been initiated by DSM with prospective customers, including some prospective customers which are part of global businesses. Sep 15 An increasing number of further commercial projects have been initiated by DSM with prospective customers, including some prospective customers which are part of global businesses.
The dont just get paid. They get well overpaid!
Another £170k plus paid to the 2 directors. This is basically charity & you lot keep sending in donations! lol
What a truly awful set of accounts. To think people were suggesting this may be close to breakeven last year! Bye bye another £450k. Interesting that they were down to £12k at ye. That's pushing it to say the least.Its a shambles.
"we're not sure if every sequential number is an order." We are sure. Its not! "The Company launched its Fruitflow® + Omega-3 dietary supplement product in late June 2016 and in its nine months on sale the product achieved sales of £29k for the financial year to 31 March 2017" How you get from £29k sales (maybe a couple of k profit if any) to £100k is kinda funny. Looking at the 1st 12 months sales will be around £40k. How much of that do you think is from shareholders? 90%? I dont see much growth arriving on top unless you lot start upping your doses!
"Therefore:- if next year we only get a 100% increase on our £228k we will have 456k ending March 2018, and if it stays around 148% increase we will have £558k and be in profit this time next year." £456k income next year. Zero chance. Profit next year. Zero chance. Best guess income next year (ff only) £210k Losses next year £400k The mistake you are making is thinking that all the sales of fruitflow plus will be profit. Have you forgotten the costs? Breakeven is very unlikely within the next few years. With the number of new products using ff slowing down dramatically and the fact some will fail i can see no way the percentage increases will be maintained.