The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
200-Day Moving Average 290.36
50-Day Moving Average 214.95
20-Day Moving Average 224.58
10-Day Moving Average 239.09
Well if does escalate at least the gold price will go higher.
So much background noise on this chat, can't we just focus on the Poly itself good or bad rather than all this useless point scoring chitter chatter.
Admittedly I'm coming from biased angle, but there is definitely something going on in the background, I wouldn't be surprised if we don't break the £3.00 mark in the next week or so
Sold out in March at £3.71, have decided to rejoin the party for the following reasons.
Zelenskyy and the Russian foreign minister both used the same wording yesterday "beginning of the end". Clearly talking in the background.
Sad part is that the Russians could well escalate the attacks near term to encourage the Ukrainians to be less demanding.
Still have an option to split the company, price may not go back to £10 plus under this scenario but I expect there to be at least a few pounds premium plus a dividend payment.
Last company communication was very positive especially in reference to free cash flow and securing new markets.
The potential on the upside just outweighs the risks. Worth a punt in my eyes.
This will impact Even
Jeremy Hunt will this week overhaul Britain’s “flagship industrial policy” after warnings that billions of pounds of R&D tax credits for small companies offer poor value for money and are open to fraud.
The chancellor is expected to make the tax credits for SMEs less generous, fearing that without reform their cost could double to almost £9bn by 2027, according to people briefed on next week’s Autumn Statement.
It's definitely a wait and see for this company, so many false dawns over the years. It doesn't matter how many deals they can negotiate, if the underlying product is nothing more than snake oil, the share price will always languish in the single digits. The market is still to be convinced to the contrary hence the share price.
Every spike in the share price has only been temporary and a selling opportunity. Could this time be different, probably not. This company has promised so much over the years and delivered nothing all to the detriment of the shareholders. If it's product actually had any medical use it would have been fully exploited by now. It's like a series finale, gives you just enough to keep you hooked and wanting more but the story line doesn't change, occasional price spikes and the eventual pull back to lower levels. All the while the bods don't touch these with a barge pole but are more than happy to extract their extortionate renumeration packages.
Could well be part of a defence strategy against a possible takeover. Selling off assets and leasing back is precisely what the likes of Apollo would do, but at least the funds remain with the business rather than pay these leeches hefty dividends and saddle the company with huge debts.
At this price it won't be long before speculation of a takeover resurfaces. Could be imminent.
The price is probably getting close to Kight topping up again.
You have funds aggressively forcing this lower by shorting, this is exasperated by the genuine investors being forced out, you then have the vultures in the form of asset managers stepping in and feasting on the carcass. This really shouldn't be allowed.
JuvLife partnership around the application of the Sulforadex® technology continues to progress well; US market launch of a JuvLife nutritional health product is anticipated around end- 2023They seem to be pushing this further and further down the road. I'm sure when it was first announced the payment was due in 2022.
easyp - any advisor worth his salt would have kept kight well away from this stock. Like the majority of pharma companies in this field the odds are more in favour of them disappearing into oblivion than becoming a major success. They've been around for a long time, have promised the earth and delivered nothing, unless of course your a board member in which case you've done very nicely.
dannatt - I would hardly call him shrewd, he is currently sitting on an approximate 50% loss.
Only reason these go up is when he steps in to top up, otherwise it's a steady decline.
No scaremongering intended, only posting what the ft was reporting. Just like I was the first to report the ceasefire article from the ft a couple of weeks ago.
Just to balance it out, one of the comments on the article
Although the accountancy firms are withdrawing from Russia, the CCAB (the professional body of Chartered Accountants) is actively encouraging its members to “help” Russian companies, except where prohibited by law:
https://www.ccab.org.uk/wp-content/uploads/2022/03/20220103-CCAB-Guidance-on-Sanctions-Final-Version-2-003-including-Belarus.pdf
“The CCAB also expects that they will be willing to play their part in helping non-sanctioned companies across the economy cope with any consequent disruptions.”
Deloitte has resigned as auditor of miner Polymetal, which could lead to the Anglo-Russian group’s expulsion from the London Stock Exchange if it cannot find a new firm to check its accounts.
Just be a bit weary, this is an extremely Leakey ship when it comes to info, shareholders seem to be the last to know anything so there could be some imminent news on the other hand Market makers also generate some excitement enticing new punters onboard to off load their positions. Until the board actively start buying I'm sticking with the later probability.
Sold my entire position this morning, the subsequent move down has vindicated this. Contrary to some of these over exposed non bed wetters, it never hurts to take a profit and re-evaluate the situation.
I'm gambling we get another sell off and will be looking to rejoin the party at around £2.62 for a move back to around £5.55 before the next correction.
My slight worry with the news this morning of no impact on gold sales is that it draws the attention of the western authorities who could, I suppose sanction them in some way if there isn't a speedy resolution to the war.