The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Calc22
Read my previous post.
KOH
From NY Post:
"A 62-year-old man who became Spain’s first coronavirus patient is believed to have made a full recovery after being treated with an HIV drug, according to a report.
Miguel Ángel Benítez was hospitalized at the Virgen del Rocio Hospital in Seville, where he received lopinavir-ritonavir, an antiretroviral drug sold under the brand name Kaletra, according to Metro UK, which cited El Pais.
The drug — which has been used to treat HIV and AIDS for over 10 years — was combined with interferon beta, a protein that prevents cells from becoming infected and is used on people with multiple sclerosis patients, the news outlet reported.
Santiago Moreno, head of infectious diseases at the Ramón y Cajal hospital in Madrid, said the “SARS-CoV-2 protease is very similar to that of HIV,” using another name for the novel coronavirus. “This enzyme is essential for the virus to replicate. The combination of lopinavir and ritonavir inhibits and blocks HIV,” he said."
KOH
Clear intent to support the share price with this leak.
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Simple. Clearly working in the background to stop the panic and reassure the market.
KOH
Bla bla bla H1 books have been published, you can have a look. Full year results will be available next month.
Stop spreading fear. Get some credibility first if you hope to have any impact on public forum. You've set up a new account account today just to de-ramp. Obvious agenda.
Get a f~uck out.
KOH
Did you log in just to de-ramp in your very first post?
Interesting.
KOH
debeege
Agreed, huge bargain at these levels.
KOH
bessie200
I agree those numbers can be scary atm but the situation is being dealt with. The number of new cases in China is falling now. The cycle: new cases, outbreak, increase, control, gradual decrease can be observed everywhere. People are aware now and precautionary measures taken everywhere. It won't last forever.
KOH
Well put Ralph007,
KOH
It seems the question being asked by the market about Travelex / Finablr is whether they have the capital structure to withstand a period of uncertainty. How long a timeframe that is, is anyone's guess.
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I agree. In the same time the situation is a bit exaggerated by the media. The number of cases with all similar viruses in the past die out in the summer. It may be well under control in the next few months. Let's see.
KOH
COdey,
Why don't you shut up and continue with your panic? This is a free world and public board dedicated to the share - I have all the rights to make comments and points if I disagree with the current valuation of the business I'm invested in.
My investment and investment strategy is non of your business. You could have added too, and you could have made 8% in the last half an hour on the drop, "after the event" genius.
Financials of the company remains strong, what is happening now is the temporary market manipulation fuelled by fear, uncertainty and panicky halfwits like you. Presents some solid arguments against or don't speak to me.
KOH
At $150m net debt / EBITDA is over 3x, $125m its 3.7x
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You are assuming some catastrophe over the next 12 months here, there is no reason to assume the coronavirus will have such a long lasting and destructive impact. The coronavirus situation is temporary.
Net Debt / EBIDA under normal conditions = x1.4. This is nothing unusual and definitely not a reason to panic. And if do, we should consequently downgrade the credit rating of all companies with x1.4 or more ratio potentially affected by the virus.
KOH
to sink IT*
From company H1 results:
1) Net debt of 334.1m reduced by 230.9m from 31 December 2018
2) Net debt/ LTM EBITDA ratio 1.4x at end of H1 2019 versus 2.7x at the end of 2018
3) Usable cash of 486.2m
4) Adjusted income of 742m in H1 (up by 9%)
4) Income growth across all segments
From corporate finance institute:
"Generally, a net debt to EBITDA ratio above 4 or 5 is considered high and is seen as a red flag that causes concern for rating agencies, investors, creditors, and analysts"
Anybody cares to explain this? And what the "unsustainable" opinion is coming from? Clearly not from the objective analysis of company's financial statements. Looks like somebody's trying really hard to sink....
KOH
Bloodbath....Anyway, too late to take losses now and definitely bad timing. Not selling now for sure. Today's report didn't really tell us anything new. No reasons to question FIN's financials either. SILENCE from Shetty and dragging uncertainty re NMC- it's all it is. All speculations by nature because nobody knows any solid figures yet. Let's wait.
KOH
It's been dropping like that for the last 2 days without any "contex"....It will be like that until we get some proper news re NMC.
KOH
Could build a model to say anything, 8% interest rates, intercompany loans/ related party transactions, AIM etc. There are a nexus of issues and delayed reporting and transparency means no bottom yet. That will be established after reporting in April imo. At 80 I never have thought we would see 46p. At 129 I never thought we would see 80p. Why don't you think we will see 10p before reporting
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What are you talking about?
- "intercompany loans/ related party transactions" - any analytical conclusions regarding any concerning details please and how they logically link to your "further 80% drop" claim? Or you just throw random terms around to support your nonsense.
- what "AIM" - The company was the subject of an initial public offering on the London Stock Exchange in May 2019 and and is a constituent of the FTSE 250 Index.
- "Delayed reporting" - can you read by any chance? RNS published on 2nd March clearly states the reason for delayed reporting ("Certain financial reporting tools were unavailable in January") which is entirely justified considering the circumstances and company's system being offline for over a month.
Stop spreading fear for no reason, your false claims are entirely groundless.
KOH
We may see 45p again today who knows?:)
It doesn't matter in the mid term. It will be clarified soon. As I said before Shetty appointed US professionals, they had to review the case, request info, gather evidence. Multiple parties involved. Potential debt restructuring. Contractual complexity. Takes time. An ordinary audit in a small company can last for months due to accessibility and availability of parties involved let alone a multi billion conglomerates in the middle east. They have to be very careful to make sure the info they projecting to the market is 100% verified and reliable too. Probably even Shetty doesn't know exactly how much he's lost due to margin calls etc. Markets taking advantage of the panic. Patience required. That's all.
KOH
not sure how you day trade a share that you anticipate falling by a further 80%?
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And what exactly "a fall by a further 80%" is based on? How did you come up with that that particular figure? Any calculations / model would be much appreciated otherwise it's as good as "80% rise by tomorrow".
KOH
apologies for typos etc, writing on the go*
KOH
The whole country of Kuwait is a country of population of 4m (1/3 of London), when concerns have raised in Kuwait about due to a number of people arriving from Egypt, which prompted members in the Kuwaiti parliament to demand “an immediate halt to flights from and to Egypt. Kuwaiti’s interior ministry recently announced a halt to the issuance of all visas to the Egyptian community" - no wonder the traffic drops.....
In the meantime you can still fly to China....
KOH