The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is firmly in oversold territory when seeing that the revenues dwarf the market cap by about 12 times the company value. As Hedge also points out the company performance in 2023 was good considering the dire market conditions. Then factor in the share price was 40p and over the year prior and now at 10p it's a compelling buy in my book.
The upshot:
Remaining compliant with Bank Covenants - TICK
YOY EBITDA growth - TICK
H2 Revenue growth in Consumer Tech - TICK
Reducing Net Debt in H2 - TICK
Share price high of about 105p. Now you can buy in at 5p with the tech approved by the FDA and being backed by Philips!
Buying here and simply holding this back to at least 25p.
Director Share Purchase
Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased to announce that Gathoni Muchai Investments Limited ('GMI') has purchased 11,158,361 ordinary shares of £0.0001 ("Ordinary Shares") through off market purchases at an average price of 1.25 pence per Ordinary Share.
This has much more potential upside than GGP, as the market cap is 100x for that over WSBN. I'm a buyer here. No brainer for me.
Purchased a few ks worth this morning. Easy 2-3 bags on either current deal concluding or on the next. The assets alone are worth considerably much more than the market value.
IPO was 12p so there's a severe discount here for new buyers. Am happy to watch this play out.
Just seen director option at 52p for new appointment. No brainer down here for me.
If obligations are met in either November or December - I am eyeing up an initial market capitalisation of about £300million which would take this to about 1.2pence. Heck this held a market capitalsation of £220million in spring without shipping anything!
-Results likely in line with expectations and perhaps better
-Court decision, massive massive bonus if in HARLs favour
-Refinancing, long awaited and sounds like will be on very good terms
-Big and small contract updates
-Big and small new contract win potential
And who knows, I've always fancied an offer to buy the business out at some stage...