The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"He/She spouted rubbish to CINE holders when the price was at 25, "
I bought Cine @ 48.2777p and is actually my biggest earner sitting @ 42.76% profit. Happy to compare performance on that share! Tell us how you did?
I don't spend much time posting, as most of the comments are meaningless wishful thinking from people I would cross the street to avoid in real life. I don't mean just on this stock, all of them.
So looking a little deeper with companies house. I see the following ( below)
19th June 2020 = Current accounting period extended from 31 March 2020 to 30 September 2020
8th Jan 20 = Current accounting period shortened from 30 September 2020 to 30 December 2019
So in June 2020 they added 6 months onto that year, meaning it would be an 18 month year.
Then this month they take off 9 months meaning it will be a 9 month year.
This is incredibly concerning and totally not normal! Very concerned.
As you will know, usually changing accounting reference dates is done for a reason. For instance you have a couple of bad months that make the year look bad, but then the next 2 months are brilliant, but fell into the next year. You can extend the year to include them, in effect making it a 14 month year. So as a whole the year looks good. I experienced this as one client.
Equally if you had a significant run of bad months, you could take the view to close the year before them and have a much shorter year. But of course your next 'year' would look extremely bad.
Both are accounting trickery and done for a reason.
"given the amount of time required to prepare and finalise"
Its a simple process to prepare accounts, the vast majority of it is done as you go along. You are constantly entering invoices, payments, wages etc etc into your computer system. I have helped companies far bigger than this with theirs and helped them track down discrepancies if they have bad accounting practises, such as paying suppliers without reconciling to invoices and credits. Again this does not take that much time thanks to computers.
There is no excuse really. Bad management. Something to hide. Those are possible reasons.
He's a warmonger though, just like Hillary. Expect yet another war in the middle east.
Better to get financial advice from someone who is right and smug, than wrong and kind.
Which middle eastern country are they attacking this time?
Lets be honest here. @Dean If I'd said to you in July, or August, September etc that we would still be locked down in January, Feb, March 2021 and that people cannot even leave their homes much less go on holiday. You would have strongly denied it, correct?
I'm not trying to be nasty when I say the life we lived and enjoyed is over and it gives me no pleasure trying to wake you up to the reality. "Better still we may all be dead." Perhaps on a subconscious level you do understand. Good luck, we will all need it.
@Deanmck7 Huh? I made 10% on Aston Martin and if anything sold too early. Is that your argument?
Anyway, not really interested in your wishful thinking of what the future holds. I'll check back with you in a few months when we are still locked down!
@Deanmck7 What's your prediction? I've made mine. The life you we all knew has gone for good. You are the frog being slowly boiled alive, and you have not realised yet. You will in time.
@avocet123 You totally avoided my question and thrust of my post.
Back in March we had 3 weeks to smooth the peak and let the NHS get ready. It will soon be a year later!! Our freedom depends on pathetic public sector getting their act together and more importantly dictatorial government giving back control that they have found they rather like and can be used to forward their climate agendas.
The way things are going we are not returning to the normal where people went on holiday, or fly anywhere. That is more obvious everyday that passes. 2m social distancing, now 3m. Masks to be worn at all times? Wait for the even more deadly variant to emerge in the next few months that surprise surprise the vaccines don't work on, and we start the whole thing again. House arrest is our future. Invest accordingly.
"I see lot of disappointment from from people who are surprised the price is as high as it is today"
What do you predict will happen when it finally sinks in that lockdowns will never end, and that any holiday is something people fondly remember from that past? Never to be repeated.
Yes, as I said back in December.
And I'm primed to withdraw every penny from all my accounts. I hope they have printed plenty of cash for the inevitable bank run that policy will cause.
To me, it just seems that the share has gone down and down historically, and I invested a small amount as I thought there could be a bit of a recovery play post covid. But now they have "reset" the share back to 20x its value, it seems that its more likely to go down now than up as it has historically.
Bank watchdog to pave way for resumption of dividends
The PRA could announce on Thursday that UK banks will be allowed to resume dividend payments, Sky News learns.
https://news.sky.com/story/bank-watchdog-to-pave-way-for-resumption-of-dividends-12157120
You do have to remember the younger generation are happy with a low quality but immediate experience. That is the exact model that music streaming has taken. £10 a month to listen to everything, rather than buying one high quality CD.
I suspect WB thinks people will pay £10 a movie (or more) to get a low quality experience. Sorry, it doesn't work like that in my opinion.
How many young people will just pirate it for free? That's the real question in my mind.
"The studios might toy with streaming model but how are the going to get around the piracy issue?"
They won't. And having the latest films available for free is only going to make it much worse for them.