The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Nicely summarized kabaa - i also think poker is here to poke others and get in cheap... many others do the same so i would just ignore the noise... the fact is ceo knows we have a problem and he is doing something about it rather carrying on like its BAU as i have witnessed plenty of times on other companies....
The key here is main creditors are supportive of the plans and they are looking at the bigger picture.... company has stated about potential breach of convents as at 31st dec 19 and 30 june 2020 but are in discussion with lenders to either waive or extend the convents test date to a future period... i.e. 31st dec 20 or june 21....
The other reassuring thing is ceo has also stated that a significant amount of capex is discretionary and subject to groups capital requirements.... in simple words, they might not spend as much on capex and reduce debt much quicker with improved ebitda ratio... onwards and upwards once q1 are out....
The selloff is way overdone and its due some correction at some point... as someone pointed out earlier creditors are supportive of the company and the fact they are getting their interest paid plus willing to offer more shows they know the score..
Why would anyone be willing to lend you more money if they had doubts about recovering it???
Petra has been around for years... its not some aim con trying to trick ppl off... i feel they should focus on getting rid of the maturing debt by reducing/suspending capex and using that cash as leverage to get a new long term debt to wipe out this cloud of fear.
That will not only clear the smoke but also they will have more time at their disposal with much less interest hit every year.
With improvements in fcf in next 2 years they could have a strong balance sheet that can survive downturns in the market. Gla
HHAHAHA I know a few HH!!!
they are chancers always waiting on side lines waiting for that moment when it starts to turn and then jump in!
Shares go up and down all the time but integrity is something you can't win back once lost!
I think shorts will probably close their position in case there's some big news over the weekend that could result in some squeeze.... after all everyone is here to make money and they certainly don't like losing so I guess we could see blue day today.
Looking at the pattern with AT trades its almost like ALGO's working in buyers favour to pay minimum amount possible at these bargain levels without creating a spike and triggering more PI interest waiting on the side lines to play the swing... hmmmm... interesting... watching it closely..