The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
If their bank balance wasn’t so low then you could see a bit of a case for a punt here. But they’re making it very clear they are about to dilute shareholders. So if it drops from here, you really have no one to blame but yourselves. Surely it will slide until/ if any news arrives. I think we’ll see 4 to 4.5p in December/ January. We need sales pronto something we’ve failed spectacularly to get so far!
Yes, hopefully, but they’ve telegraphed a placing in the next couple of months which is never a good idea. SP likely to sink until we get some good news. So the sooner we get it the better! And if we don’t get good news then God know what price the placing will get away at.
Depressing day today. Can’t believe still so few sales. Absolute shambles!
So they’ve told us they plan to do a placing in Q1 2024. What’s the likely price? 4.5p? Seems to be support on the chart there. Might be optimistic though.
I believe they’ve got a good product here with the Stroke treatment test but can they turn that into sales? Genomadix Cube seems to have stolen a march on them and already mentioned in NICE draft guidance. GDR need to undercut their price to win some NHS contracts. Can they do it??
A lovely mental picture you’ve painted for us No1p. thanks. We have more clarity on the state of your scrote than we have on the potential deal being brokered on our behalf by Horizonte.
I think a deal will happen and administration is unlikely but no idea what the terms of the deal will be. Would be gutted personally if twice the current SP is the end result. When do we all think the news will land?
RNS reads very well. It’s all been done by the book and they’ve been the victim of a sophisticated scam. The news flow over the next few weeks looks compelling. May even finish blue today. The chart was pointing towards 5.5p on Friday. They may dip it early but I for one will be buying.
I have contacted the FCA to report this. I would encourage everyone affected to do the same. Either the company has been the victim of a fraud which needs investigated or something even more shady has been going on. We need this investigated.
https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual
The delay raises alarm bells with me. Disclaimer: I’ve sold up and think we’ll see the low 300s. I could well be wrong! But I’ll admit I’ve been spooked by that. Seems a bit erratic/ panic driven to delay results so close to their release but maybe I’m reading this wrong. All IMHO
It’s 0% discount but the lenders get an 11% return per annum for their investment. Whereas the PI get all the risk and none of the guaranteed return. Can’t work out if it’s shrewd or desperate. Suppose the market will tell us tomorrow
11% interest rate is pretty terrifying! I hold but won’t be adding more. These terms of this loan show just how much risk the lenders see is ahead. I’m in too deep already, will wait and see what the market reaction is tomorrow and only add if it dips well into the 300s
I think a takeover bid is quite likely now. Current valuation is so beaten down now it’s crazy. Let’s consider the possible suitors:
AB Foods(Primark)
Apollo
Fraser group
Next
Zalando
Mystery Turkish group mentioned in seeking alpha article
And probably lots of others with eyes on us that we haven’t even heard of
To snap this up for 1500p a share would be an absolute steal IMO!
The current mcap of £490 million is crazy considering ASOS bought Topshop and Miss Selfridge for £330 million just 2 years ago. This is massively undervalued now. Yes it’s been a torrid year of trading but the brands alone are worth a lot more than the current mcap.
Surely a takeover target here. Zolando, Apollo and a whole lot of other are likely to be looking at ASOS now. £1.8 billion revenue remember. Plus you’d think Mike Ashley’s Fraser group would be looking to add on this weakness. Could get interesting here very quickly. Bank of America aren’t building a position for nothing!