The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Well the way this morning is rising certain buyers clearly dont believe The Times article nor Shore Capital's words of doom (are they short too?) So unpredictable this share. I sold out at a small loss albeit made good profits last month but hard to guage now whats going to happen on Thursday.
Im taking the route of wait and see now and pile in if all looks good or even a recovery is feasible if sp takes a knee jerk hit but I do doubt whether ASC can reach another £30m profit as it reported this time last year.
Well thank you Connor (Spreadex Analyst) for the snippet of Spreadex insight albeit tells us nothing investors dont know as yet nor any comment on this extraordinary profits warning rumour from yesterdays Times.
I cannot believe it myself as last financial update would not have been anywhere near as stabilising as it was to the sp. Christ if a £3.2m profit is only recorded the sp will drop by 60/70% for sure as a knee jerk reaction. Indeed the US sales will need to show a large flicker of substantial growth is very much possible to stabilise the fading European sales.
Now the sp is dropping as it usually does once hitting the high£33. maybe £28 /29 by Wednesday but who knows ???
if true is some profit warning!! However the last RNS seems to dispute those figures so someone is either shorting or being economic with the truth. Not sure what to believe.
has to be said if the report in the said paper is wrong that journalist and his source will never be taken seriously again or its a short being promoted I just dont know. Thursday will hold the answer I guess but going to be interesting.
My last prediction was so wrong so Ive no idea whats going on with ASOS figures.
If we hit anything below 153.50 then thats a 4 year low!!!! Why? December the sp hit 153.90 or thereabouts and in ten days rocketed back up to the high 170s. So is that happening again...I hope so albeit got the divi now which is some comfort
Difficult to see what is going on here for sure. Short positions are held but all below 0.5% but depends on the number not being reported because of the low percentage. Nothing on the horizon for some time regarding updates and/or news so the lull is expected.
Late last year a low of 153.90 was reached which was a 4 year low!! and it looks like that bottom sp is going to be hit again very soon. If that floor breaks then we will be entering almost 5 year lows which is extraordinary the only saving grace is that recovery is swift which gives the impression shorts close and day traders jump in for the rocket ride back to 170/180 sp.
For now looks like a frustrating wait and a backburner investment until shorts close and buying recommences..but when?.
My understanding is the divi is actually 8c so about 6p as per RNS. Usually in the past the ex dividend has had little effect on the sp but this continuing drop /decline in the sp is rather staggering and in my mind way oversold. Partly being shorted and rather poor UK results but nevertheless a substantial decline is now being witnessed compared to the halcyon days of last year.
Indeed this share is not loved at all despite no debt and profitable but the Board are too unappealing and obstinate for a marriage/t/o so no spark to come there methinks.
A lo.. o.. o.. o..ng hold until 180 is seen again it looks like
In years and recent months past I had invested in this company with absolute adoration and high expectancy despite the delays and Crede debacles but now I am so glad Im out since November and slowly regaining the losses I made and its certainly not investing in AIM anymore. A zombie of a share/company now with in my view poor stewardship and very little reward for the suffering private investor. I do hope it comes right one day but I wont be there to celebrate far too doubtful for the future .
I disagree regarding a turnaround. I fear ASC will register another poor unsettling bunch of figures revealing consumers are still concerned over the future and added to that the weather has been very mild in comparison to other years. Zalander showed a strong set of last quarter results but ASC wont as evidenced in last December's update..
I think this drop is because of all the poor results this week and the expectation ASC will be hit hard. Unfortunately although made profits on ASC I still have a small holding but already £2 down. Looking to exit now as I just cannot see ASC showing any resurgence during what is their weakest months anyway. Once Brexit is known and agreeable to the public purse and with a hot summer maybe then the next again trading figures may show a healthier bal sheet and return to the high £30s.
I can quite easily see ASC hitting below £20 in two weeks but I am not an analyst so wtfdik. But this is just my hunch
AP has made VAST utterly uninvestable now methinks. The possibility of selling off PP and or a huge dilution on the cards and with the doubt any finance deal will proceed just about seals this once darling of a share. Its highly toxic now with what I think a completely incompetent Board. Goodbye VAST thank God I sold out and saved a lot( but lost some which is being clawed back )
I would love to be at that meeting tomorrow just to see AP. Surely he must be expecting a rather hostile reception due to his decisions since becoming CEO. Surely some LTH are attending who believed in him must be furious as I am albeit escaped with something that may be retrievable invested elsewhere.
I am thinking however if the resolutions are not supported and finance is a problem what stops VAST being suspended due to financial constraints/difficulties? Also the Rom Govt will take a dim view maybe re BP being delayed after 4 years of processing etc.....what a screw up never expected this despite bailing
all those years of patience and exasperation added with those piss poor finance deals to get that Licence and within 5 months or less VAST is teetering on the edge of extinction....AP never struck me in my opine as an astute CEO albeit I still made a loss but slowly recovering it away from AIM
Where's the VAST warrior Castaway hope he has saved some savings after all his efforts. Anyone going to the London meeting as that should be full of fireworks!!!
As Ive said before this was or seemed such a promising company way back summer 2015 and the sp reflected that promise at the time. However in my opinion VAST has been so badly mismanaged its now in a crisis which quite frankly I cannot see the company escaping. Final straw being the new fleet of trucks now seemingly not so. Not impressed and glad Im out .....just!!!
AP appears to me to have destroyed a company inside 9 months. Anyway GLA for tomorrow and this year.
I think. Anyone invested even AP is at a loss (albeit he has a salary ...just)
Im also thinking another licence wait (gulp) via Red Mercury, battle zone Zim, inefficient mine and another dormant yet draining capital mine add funding cock ups and now lack of funds and a questionable business acumen BoD all equals a share capitulation with more dilution of shares and/or assets to come.
Could it get any worse AP? lets hope not but what a recovery if he does get the brilliant white rabbit out the hat!!
Jesus what an absolute train crash AP has managed here in a space of ten months!!! Nothing on track, deadlines failed and now dilution seems inevitable post January of some millions plus considerable unknowns for shareholders to gamble on which to me is now what VAST is rather than an investment.
This was an investment on significant assets that could be exploited both in Zim and Rom. However selling off most of the gold at a pittance, unable to understand Romanian law and delays draining VAST and a mine that is now loss making really is pitiful. Can the BoD turn this round ?? Personally I think not now. I was so into VAST last year and before but the stewardship here has been appalling in my books hence although lost a bit sure pleased I am not still seduced by APs plans. Maybe a spike one day but its going to need diamonds to do that Im thinking and a lot!
Is Castaway still a believer after all his hard endeavours to help ?
In fighting always a bad sign of disappointment and utter disillusion. I can only recognise three or four familiar avatars now since three + years ago I guess others have jumped or just gone quiet in disbelief.
VAST was so promising back in 2015 yet the stewardship then on has been ...well see the graph and value since then.
If no new transportation emerges then AP I think will be kicked into touch sooner than later.
What has happened here?? Despite taking a loss here so glad my gut instincts just about saved me last November. I started to doubt AP then for my own reasons but mainly the inability to close deals quickly and boost shareholder value but he has failed at every turn methinks and has started this year in a calamitous way.
I just cant believe he was not fully aware Mercuria would pull out before Friday and yet it seems so reading previous missives to the suffering shareholders which raises in my opinion a lot of other questions.
What has happened to the stalwarts Castaway and LeeMorris ? So much time and effort they devoted and yet back to 0.20 and billions more shares and a foggy unclear future I think lies ahead. Consolidation for sure now IF Vast pulls the rabbit out of the hat I reckon.
Everything now seems to be in the balance and that BP mine sure has a kiss of death.
I do hope VAST survives and blossoms, been in and out for the last four years but I am avoiding now. I still think VAST will break up later this year as two entities within the consolidation plan but thats just my thinking no advice intended whatsoever.