Member Info for Malafuster

Hence the sharp rise in sp this morning, no doubt. I will wait for the froth to ssubside.

Patience, patience, patience. This is likely to take months. Posts like this raise expectations that are all too likely to be disappointed.

Meanwhile, I hope that 60p has been set as a floor price while we wait. That’s fine by me.

Very light volume today: likely to exaggerate movement up or down.

I think I detect some nervousness and whistling in the wind in recent posts. I well understand why people who have invested heavily should feel the need to reassure themselves. I myself feel very relaxed about my investment in POLX. I increased my holding substantially near the bottom, and I am selling none. I have great confidence in the long term prospects, and my main fear is that the company might be taken over far too cheaply.

No longer!

And Ratcliffe is a Brexiteer, isn’t he? What a stirring vote of confidence in Global Britain! Plus he’s building his new Defender in France. And he’s based in Monaco for tax purposes

What’s happening this morning?

A necessary consolidation or mini correction. Nothing goes up in a staright line.

Bilboburger tells us that retail investors could have bought in at sub350 last year. Absolutely correct. Anyone, retail or otherwise, could have bought in - AT THE GOING PRICE. The difference on this occasion, if I may say so, is that retail investors were given no opportunity whatever to buy at 400p. This seems to me to be a very poor way to treat existing retail investors. It is no doubt legal - that’s not the point - but it treats us pi’s with contempt. And if I had bought yesterday at 480p I would be spitting blood.

I should perhaps state that I am in good profit. And I bought more this morning at a fraction over 431p.

Well, I have (possibly foolishly) bought another 2600 shares at just over 431p. Hoping that we don’t drop to 400p, or anywhere near it!

This may be good for ITM long term, but in the short term we pi’s get stuffed - as usual. It’s outrageous that pi’s were given no opportunity to buy in, as would have happened with a rights issue.

Did we know it was happening? Were pi’s given a chance to invest?

I can’t help wondering where Premier would be now if we hadn’t been sunk because of the short term impact of Covid on oil prices. 180p? Instead of the equivalent of 19p today. Pathetic really.

Beware the burden of debt - and the malign influence of bond holders!

An opening bid of £2+, triggering a Morrisons type bidding war! But maybe that’s a pipe dream

I was lucky enough to buy 30,000 at 37p, and a further 9,200 the next morning at 43.1p. Back in overall profit.
This share looks like turning into the gift that keeps on giving.

I can’t help wondering if a would be bidder is hoovering up all these shares. Certainly the recovery in such a few days is remarkable. It shows no sign of abating.

What’s ‘fair’ got to do with capitalism? The better question is: is it legal? I assume the answer to that is yes.

Yes, but only one post so far this morning (yours). The frenzy and hysteria have subsided. People will start looking again at the long term prospects. Sp won’t go back to 100p+ til we get FDA approval. But why not 60p+?

Why the huge (11%+) spread?

Cooking nicely towards the close, after yesterday’s bloodbath.

Well, it’s shooting up right now, isn’t it? I don’t have level 2 but 15 minutes ago the sp was up more than 15%.
Glad I bought a further £4500 worth first thing this morning at just over 43p.