Member Info for lordloadsoflolly

Kaeren - I'm with you on this one.

JohnHenry - you say "the BOD would love 2B able to go out into the market and buy stock @ 12.3p. Unfortunately they are restricted from doing so. The options are allowing them to participate..."

i don't get it. Are you suggesting the Directors will exercise now at 15p, even though the SP is barely over 12p?

GoldGirl - bit of a pointless post. Tim was on hols only recently. Not exactly my definition of working your socks off.

Oh, and before you're cancelled by the grammar police, it's "their socks" not "there socks".

3LB - but AFAIC, options are meant to incentivise future performance, not reward the past. Bonuses are more commonly used for the latter. Options are also normally deployed to lock in key people, which this scheme doesn’t for any significant time (2 years max).

I hadn’t clocked - until Kaeren kindly pointed it out - that 33% of these options are exercisable from grant date (i.e. now), with a further 33% in the two subsequent years.

I’m with Punter1234 on this - the scheme’s not a good look.

Kaeren - I agree.

Though it's less the exercise price that concerns me.

More the fact there are no performance-related milestones. Simply having to hang around the place for another 5 years to qualify for options doesn't properly incentivise. And a 21.45% premium v. 7th April 2025 SP is hardly taxing over 5 years. You could get more than that from a 5 year fixed rate bond right now.

Friedman - fair enough. Also depends where you think SBTX's SP is heading I guess.

This morning, Croda formally announced the launch of Zenakine™ (previously Skinbiotix™) yet its share price today is currently down over 5%. Possibly because the launch was already factored in?

Opti's latest tranche was sold on 31 March when SBTX closed at 24.25p (so marginally higher than now).

Friedmann - bit of a one-sided view. You seem to have forgetten the history here:

"The listing of SkinBiotherapeutics plc materialises the value of a part of the business in which a 52% stake was acquired for £250K in March 2016 and 12 months later listed at a valuation of £11m, with OptiBiotix® owning a 41.9% shareholding."

Sure, Opti may not have timed all its reductions in SBTX well. And it could have funded the Opti business via dilutive placings or expensive loans instead. Either way, to gloss over the fact it initially acquired its SBTX stake for "just" £250K is disingenuous.

Draye - maybe.

But I'm not sure there's much reasoning going on in Trump's head right now. More knee-jerk reaction, constantly changing tack. The man's seriously unhinged.

Troajan - think you'll find that's fake nooos.

Though it could well happen before Trump's previously announced implementation date of Wednesday 9th.

Draye - agreed.

spantrout - indeed. But as long as Trump continues to move the goalposts every five minutes, uncertainty will remain. And deals are less likely to be signed off with things so unpredictable.

Hayd - they said in Jan, the strategic review was at an early stage.

Any proposed IPO of IQE Taiwan (as mentioned again in March) is now likely to face delay, given the state of global markets (& the Taiwanese index in particular, which dropped almost 10% today).

So yes, uncertainty. But not really of IQE’s making this time. And certainly not exclusive to them.

Troajan - sure, but the Vix index can’t read Trump’s mind. So uncertainty is likely to prevail, albeit with the occasional lull when he momentarily keeps his gob shut.

Draye - anyone who thinks a single poster on these boards can influence the share price significantly is kidding themselves.

I think the point Peterpharma was making is that in times of huge uncertainty when company valuations & markets are tumbling, companies are less likely to be in deal/acquisition mode.

Brentw1 - agreed. Except that if Trump's trade wars escalate, global economies will weaken which will lead to lower demand generally. Helium may get off relatively lightly, but it would probably still be impacted to a degree.

My gut feel is The Donald will eventually row back on some of his more extreme measures when he sees how the US public reacts to it (in the mid terms at the latest). But these are still some way off, so we could easily see him doing more damage before the worst is over.

I've usually bought back into the markets too early during previous crises, so am holding fire this time until the picture's clearer. May mean I miss the bottom, but I'd rather that than jump in now whilst everything's still so murky.

Couerdelion - why are “interest rates .. likely to reduce faster and further than they did a week ago”?

Surely escalating trade wars will keep inflation & interest rates higher for longer.

I’m not sure how much of an “ISA wall of cash” there is at the very beginning of a new tax year either. Many will trickle ISA funds in over the course of the year. And PIs might well remain wary of investing extra funds right now, given how bearish sentiment & markets remain. Not to say it won’t be a decent time with hindsight. Just that many may not see it that way right now.

3LB - mayday, mayday.

Clowns to the left of me

Jokers to the right

Here I am stuck in the middle with you

Thanks Walp.

Re: whether countries might retaliate against US tech service cos. That’s certainly possible. And if so it would likely make things even worse, as Trump would probably just match & raise them. He often likens life to a poker game, even telling Zelenskyy he didn’t have the cards.

Starmer’s actually handled things quite well here to date in my book. Some may say he’s been weak by not upping the ante. But when that would cause the UK economy even more damage, keeping calm & trying to negotiate a trade deal with your head down seems an eminently more rational response to me.

Walp - good luck whatever you decide.

Just remember, nothing (not even Trump) lasts forever. There is talk he’ll try to fudge his way to a third term. I’m sceptical though. Not because he won’t necessarily try. But because he’d be 82 by then. And judging by his current mental state, it’s questionable he’d even be able to hold a Sharpie by then, let alone sign an executive order with it.

Walp - it sounds to me as though you’re looking for others to back your idea of selling.

Nobody can/should really do that, as they won’t know your financial circumstances well enough (other than the fact you’ve recently retired).

You may have enough savings to live off without needing to sell your share-based investments right now. Or you may not.

Stock markets may tumble a lot further. Or they may not - particularly if Trump does another of his (now regular) screeching u-turns.

Selling in the hope of getting back in lower is as risky as buying in the hope you’ve caught a falling knife at its nadir.

Many PIs buy when markets are bullish & sell when the bears arrive. Which is a great way to lose money fast. But of course you could lose even more money - particularly in the short term - by hanging on longer.

Only you can really know what feels right. Depends whether you value certainty & restful nights over the potential to recoup any current paper losses (and potential subsequent profits) longer term.

GoTrader - "If you are going to buy 10.4p is much better value than 17p."

You don't say.

Apologies. That last sentence exceeded my max - should have read "... are tested & rolled out gradually to minimise any issues".