The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't know. It depends on how/when they try to sell it I guess.
I just noted it here because it's a topic under Ramsdens too, when they seem to be selling into the market.
I am encouraged by the fact that Castings are spending 17M of their cash pile to build a new foundry over the next 2 years. Of course this doesn't say anything about whether CMH have what it takes to compete, but it does suggest there is room for growth in this industry (onshoring, supply chains, etc). I originally bought because it had been in Simon Knott's RIII portfolio, though the new managers sold it when he retired. I bought quite recently, and have kept buying a bit more as it has dropped. I don't know anything about TB though.
This all makes sense. I just hope the SP doesn't drift down on v.low volumes, as if it does and there does need to be another capital raise (I think there probably won't be) it could affect the issuance price and thus cause more dilution for those who don't participate in the raise, or buy more shares at the lower price to avoid dilution.
Am I being dim, but how does having a higher P/E than it's closest peer make it cheap? Ot is that a typo for the H&T P/E?
I suspect the main potential buyers of this are more interested in injecting capital into the company if/when it needs it in order to protect their prior investment. Actual purchase of shares in the open market isn't going to make much difference to the company itself at this time.
I mean, the 9 May RNS made it clear enough that Trevor Brown WA buying 3.5M shares in the placing, but gaining an interest in 10.1M. It said it in two places. It's not hidden really, though sounds like they should have reported it quicker.
9.5% held by Downing Micro Strategic, which appear to be liquidating.
Rivaldo
1) You've got the market cap wrong (at 2p/ share it's 3.6M)
2) The debt reduction is not on top of the 3M sale price, its's because if it: they haven't magically generated 2.6M out of thin air.
Will you be giving out advice on sucking eggs next?
Makes you realise it doesn't take a lot of money to shift the price on these small aim sticks.