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I'm sorry to hear about your loss.
To be fair if you took at face value all the all the news coming out of the company and the on these sites you would have thought you were onto a winner.
another company linked to huw has gone under.
he should approach marvel with a film script about himself. huw destroyer of companies.
on a serious note, that could have been the reason why he couldn't buy shares, couldn't be seen to be pumping funds into evgen while his other company was on the brink.
still back to the script, i'm sure he has plenty of ammo left in his ****nal.
Well my doubts raised by the bods moving the juv royalty payment date further and further away have been confirmed. It's all on Stalicla payment now, but as I've been saying for several months and CJ39 alluded to it earlier, another share dilution in around 5 months is inevitable as I can't see a payment ever coming through. With supposedly so many irons in the fire the severity of any share price dilution all comes down to a successful Stalicla trial. The 1p mentioned earlier could well prove to be over optimistic.
The bods are clearly milking this for all its worth, if they really had shareholders interest at heart they would reduce their extortionate salaries.
1/2 year results due on 28th.
Expect some hefty profits running into the billions.
No guarantee the share price will go up though, infact could well sell off again depending on their interest rate margins, which should have gone up and deposit outflows which again should have improved.
I would hope for another decent special dividend, we shouldn't get much criticism from the government especially with their 40% holding but again nothing seems certain these days.
These are so close to the 2.85p gap, it's really hard to imagine they won't mark a new low. One slight positive a hammer seems to have formed on the candle sticks. Then again, the volume is so thin that the MM may have actively created it to suck in some unsuspecting day traders.
Forgot to mention on my last post.
All the commentary in the media seems to focus on people with mortgages and debts. Let's not forget the many that have neither who are greatly benefiting from these higher rates. Could well all balance out
I've been reading MikeS02 & Giraffe4444 and both make some plausible arguments. Being a holder I'm more inclined to side with G4444.
The downturn was pretty much triggered by what was happening in America. As per The ft article they have all just now passed a stress test, BOA paper loss on its treasury holding looks horrible but the market hasn't reacted, infact the price on US shares has gone up especially when they all announced an increase in dividend payments on the back of it. I'm therefore thinking we may well have hit a bottom, admittedly there are is a lot of uncertainty regarding the economy and therefore provision for bad debts, but the free money keeps rolling in to compensate. I personally think we are entering another golden era for banking shares, the market just hasn't digested that yet.
As regards the results on the 28th July, I could well see another special dividend.
Toiboi - if the funds run out in December 2024, when would you envisage they tap shareholders for more funds. They are definitely not leaving it to the last minute. Just for your guide they still had around 2 million left on the books when the called the last one, so my estimation of the first quarter of 2024 is a very realistic probability.
Sorry DSFLAT, but a placing is definitely on the cards, I estimate in around 6 months. So unless extra funds from STALICLA SA. or juv start rolling in, which going by the latest set of accounts they don't expect anytime soon another share dilution is inevitable. Such exciting prospects but still no bods are investigating, really make you question their belief in the company. Still, I say 6 months, they could well announce one well before then especially if they think the price is heading down.
A flurry of news preceded the last cash call, could there be another imminently ?
28th July.
Hopefully a nice juicy dividend will be announced which will certainly take some of the sting out of the recent share price movement.
With rates where they are, I personally feel we are back to the glory days for bank profits. Obviously the markets don't think that so probably more weakness. It's hold your nerve time for great dividend payouts which will eventually be reflected in the share price.
We are due a big bounce from here, whether it's sustainable is another question.
Interesting to see what the BOE does today, the more they do at the near end the better it should be for 2 and 5 year bond rates. It's like a pendulum effect as the markets would start pricing in a downturn which would result in lower medium to longer term rates.
PSK - I think it's based on a few of issues, 3 senior managers sold around £2,000,000 of shares recently at around the £2.74 mark, may have caused a few jitters as to what they might know that we don't. I think it was just the end of the lock in period.
Secondly and what's effected it the most in my opinion is the large funds withdrawal as announced in their figures. This was the downfall of the American banks.
Latest move down is probably down to all the uncertainty with the economy and what impact this will have on a domestically oriented banks profitability.
Definitely seem to be getting hammered at the moment. Not sure if you've seen their latest fixed term savings rates for one and two year both above 5 %. ISA bonds aren't far behind at 4.70 % and 4.85%. plenty of funds starting to flood back in. They were still factoring in 4% for base rates on their last results, with rates like to go to potentially 5% this week any loss in margin will be more than made up with higher rates. Bumper profits and inturn bumper dividends are on the way. One gray area depends on the severity of the downturn, provisions for bad debts. Sell off seems over done to me.
Pre clinical is a million miles away from what really matters to Evgen. After 10 years and around 15 million plus wasted we are still at this stage. The only noticeable difference is their fancy web site. Sell into any spike, the mm will as they will be positioning for the next cash call.
I'm of the opinion that the share price is starting to discount another cash call probably as early as the first quarter of 2024. Definitely no royalties coming before then if ever. Will investors have the same enthusiasm as before, I doubt it especially as most are sitting on a 65% plus loss. I again think they'll have to heavily discounted any issue to attract new investors all to the detriment of existing holders. It's becoming evident why the bods aren't buying and bleeding the company dry with their extortionate salaries. The shares have been going one way ever since they were listed, so much hype and potential that has never led to anything apart from the bods enriching themselves. Expect more of the same.
Latest set of accounts
"The Directors estimate that the cash held by the Group together with known receivables will be sufficient to support the current level of activities into the fourth quarter of 2024. They have therefore prepared the financial statements on a going concern basis "
They will hardly wait until the money runs out, so I would say around the first quarter of 2024 for another share dilution. I can't imagine Kight is very financially savey when it comes to investments, I wonder if he is aware of the implications of his holdings.
Page 23 of the March 2022 accounts.
"The Directors estimate that the cash held by the Group together with known receivables will be sufficient to support the current level of activities to the fourth quarter of 2023. They have therefore prepared the financial statements on a going concern basis "
The same arguments that were made the last time I predicted a cash call. There will be no milestone payments as it will never succeed. Ask yourselves where the share price would be if Kight hadn't invested. The only possible saving grace to this sorry state of affairs is if Kight buys out the company as a shell to expand his printer business.
I'd be happy with 5p