The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
trading's looking weak... have to say i can't tell whether sierra news is good, bad or indifferent for SAR but considering the bodyblow of the placing, it'd be nie if news was simpler to interpret.
req... looking for 'non-dilutive' partiicipant... wondering about repercussion for SAR as sierra have long been their hope for significant' milestone payments...
coin toss whether this makes it safer or worse... look out for SAR dropping below 0.4 plaicng... been royally shafted by this week's placing so looking weak.
i didn't mean 'have a say' in some slightly labour -inspired committee of shareholders (although i think that wouldn't be a bad idea, tbh...stop BoDs just lottery-winning with our money), more the hope that someone will call out DS in particular about his change from raising funds on a plan and then changing it once the cash is in.
frankly, i reckon if there was a vote on it it'd pretty much be a shoe-in to go for mengo first... what is it people say about shares about taking the profits woff the table when they're there instead of punting for more?
but i'm sure you look cute in a rah rah skirt and pom poms...:)
(cheerleader reference, obviously... not some weird... aaog... pick up line!)
whilst i appreciate you telling us it's a world class asset, i'd much prefer the sp to tell us that... :)
that's the trouble... it's all assumptions based on neighbours and company estimates, without any hard numbers...
we should be well past assumptions by now... made the share a traders' plaything, instead of the supposed tier1 company it was going to be when this ipo'd back in 2017 (?)
we really deserve better than to be punting out assumptions by now...
still, as bonker says, worth that punt now, at this level!
this will go beyond 4p on the next repeat purchase or new business... it might not hold it but it'll stay there long enough for you to decide if it's going to go higher or not.
atm, their business is almost introductory... as soon as any of them firm up this si going to be...rampasticaily nice!
just added lower than my 2.35 low... might take a week or a month or two... but this'll beclose to a bagger (forgive terminology... i'm not normally a rampy type).
gla.
speaking as someone who bought in at 250... and managed to trade mtro, think it's fair to say that the placing price is the only guarantee of not getting shafted by the ii's selling.
we pi's can't beat them in this game... and they'll happily take 5% profit if they suspect it's going to drop... who wouldn't?
that's why we have spikes, surely?
noone has a clue how much coca cola pay them for their games... no idea of turnover or profits... atm, it's just a list of, admittedly, very nice, retail names but, if they're paying them in jammie dodgers then hard to see the investment story... other than the fact that this has a lot of heavy ramping who'll buy in at the lows (or so they thought) and then pump this like a yellow jersey holder with a flattie...
still, a bargain, just on that basis, on the low this morning.
gla.
well, someone disagreed!
guess they booked those trades in after buying below 1.6... temporary break, imo... still seeing 2p in fairly short shrift...
wildly optimistic... look at mtro, if you want to see what'll happen. there might be some spikes and troughs along the way... if you're lucky, this could go to 1.40 again but a profit is a profit (or a recution of loss). no ii is going to just sit on the shares until it gets back to £10... they're going to be trading the bejeezus out of it... 20% profit, while also pushing the sp down so you can buy it back again... who wouldn't?
this placing is the same as shorting... there's plenty of time for them to buy back the shares... after the open offer, for example.
i'll maybe buy some at 105... 110 at a push but only to see pi's jumping in to buy them off me at 125 before i buy them back post open offer.
or, just hang on to them... depends if you have the patience... (i patently haven't!)
gla.
you're joking! there's 40 million of 'em, all just purchased for 100p... :(
i'd suggest siphoning off 30% and trading it on every bit of good news...invariably spikes... just don't see this going back to 1p in a straight line...
only problem with trying to trade it is this share permanently suffers from an horrendous spread... it usually puts you 15% in the hole every tie you buy or miserable 'selling tax' on any given current sp.
still, everything to play for and 0.67 is waaaay better than some have as an average.
gl
missed the opp to add at 1.56... still hold loads... 2p crossed soon enough, just on anticipation then, when the next good parcel of news drops... want to see at least 3p and more...
upwards and onwards!
gla.
looks like the rampers' last fave share isn't doing what it should... starting to look like it'll go to ipo price unless they prove their worth with some numbers... daresay it's a buying opp. if the followers believe.
fully expect to 'make' another 10% before the end of the day... i'll buy at 102, if i'm feeling brave, unless shorters start selling piddling amount to keep pushing the sp down.
gla.... i guess this is an opportunity, volatility usuall is... for someone!
think we're all a bit mugged here... frustrating as the potential as stated from november was so promising and promised.
personally, if i weren't already in, i'd have waited for agm but better return when its riskier... and, as you say, if 5p is placing, it's barely 15%, compared to the 75% ipoers are down!
i have no clue how much clout sefton has over decisions or if this is being decided by berwick re. to change of plan. would've thought we'd all have a say in that change of direction... i know i'd rather see even 10p from mengo and hold for that 26p into 2020.
nil desperandum, eh... :)
nm
only current traders aren't holding a loss... it's how much you lose that comes into play here... sold some y'day... waited for 125p and sold the rest today.
i'll buy them all back for the same amount but with 30% more when they get to 100p or less.
the very idea that there's £40mill of shares at 100p sloshing about and folk think ii's will hold onto them for a better payoff is almost cute...
this'll drop from now as they start to sell... (wouldn't surprise me if they're already sell existing shares as they're getting cheaper ones in the bookbuild) and then, after the meeting to pass the open offer, then they'll sell off again, leaving even the open offerers holding a more expensive share for a short while.
this might well be 400p at some point again but it's going to have to take brexit to be resolved (favourably... if there's 'no deal' then we're all buggered) and a good few months to see that number again.
mtro isn't going to see £10, never mind £40 anytime soon after doubling shares at a fiver. same applies here but, if time isn't an issue.
gla.
but the 1500bopd was the trigger for the £7mill raising... that was the line used to bring us all onboard and to buy more.
the change of plan, while it's 'better' just means we bought further shares on a lie... we were supposed to be pulling in $1mil per month by now in oil revenue... still fail to see how that can be just brushed under the carpet.
absolutely fail to see why we couldn't have done both, be our own bank for the djeno drill instead of trashing the sp and punting the day we generate money into 2020?
if a company can't be trusted to keep its word, what the point of issuing rns'?