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Well CEO said, “.. whilst the new code does not guarantee coverage or payment, its effectiveness marks a key commercialisation milestone..” it’s like a smoke and mirrors. They say one thing, then investors hope/expect one thing then nothing happens, then they talk about this permission, that code bla bla bla and it’s carrying on and on. The fact is the cash burn is too high and they are not doing anything about it. With roughly £8.25M left in the bank, how they are gonna fund their £900k burn rate every month? Companies are struggling to raise even £2M/£3M. No wonder CEO doesn’t own any shares which is really strange. If it’s going to rocket, he should have bought big chunks straight after the interim.
It was a ground breaking tech after the FDA approval, unfortunately their commercialisation strategy failed to attract any buyer hence managed to sell only two gas cylinders so far after 9 months. The most shocking news was to cancel their previously stated market guidance and reported £9.9M cash by June 2023 so by now down to £8.25M by now. Claiming they are working on a new strategy but nobody knows exactly what. Philips collaboration wasn't a proper collaboration like they claimed, instead was a specific MRI machine add on opportunity but nobody ordered anything yet. With cash running really low, with higher interest rate environment, investors are getting worried about the upcoming fund raise, amount needed and discount % etc. Their upcoming investors meet with be the make or break moment. If they surprise the market and confirm they won't need any equity raise, the SP might recover otherwise it might fall further straight away.
I can see so many new posters appearing here claiming Robert Kieth this Robert Keith that, SP going over .20p, .30p, 1p, 3p and all that BS which will easily confuse anybody new not aware of this dodgy company and it’s dodgy history! The number of shares in issue have gone up from below 200 million to just below 4 billion in last few years, diluted shareholders to oblivion. Previous management repeatedly lied to the shareholders, over promised but NEVER delivered and now raising repeatedly only to keep the lights on. Promised Athlos to be the next big thing, spent nearly £1 million only to sell it for a £1! They spent £5 million for stockinformer claiming it become the next gocompare, turns out it was a faulty web portal with bugs, failed to attract visitors as promisedand now in a dire state, check the site viewing figures on similarweb. They said GDM was having 20million viewers, coined by the dodgy CEO John Clarke, which then went down to 13million and now targeting 10 million which will probably fall even further in coming weeks/ months. If companies like future plc is struggling then what chances they will have with 10/12 websites with that is failing to attract visitors? Previously used the AI buzzword to trap naïve investors, God know what new story the will have next to trap new investors. It’s your money so should be your choice but please dig deep, consider the facts I’ve raised before risking further cash on this company.
Yes it is
Potential is absolutely gigantic, no question about that! I think investors wanted to hear from the new CEO and somebody to atleast drum it up a bit and state how they are going to shape up the Philips collaboration. Sadly it seems Philips MRI team are more excited than Polarean lol.
"The Group's execution of its Back to growth strategy continues apace and guidance remains unchanged from that issued previously in May, with an expectation to return to profitable growth in the second half of the financial year as a result of the anticipated benefits from investments being made across price, product and proposition. This is expected to improve Adjusted EBITDA year on year and the Group continues to focus on maintaining its strong balance sheet."
https://www.lse.co.uk/rns/BOO/result-of-agm-and-update-on-trading-tvx5uc8xxxpm6eh.html
Newboy58
Don't forget all the institutional investors including Amati participated in their last 60p fund raise will certainly demand a premium before even considering the selling. £200/£300 is peanuts for a medtech giant like Phillips as they will earn billions by embedding xenoview to their existing/new MRI machines, they even stated how xenoview makes their MRI machines better than the rest so who knows mate.
GL
Yes, warrants extension was announced in the morning and Phillips collaboration RNS came same day in the afternoon. Chairman's warrants exercise means only one thing, Polarean will be sold to a bigger company/partner soon. The question is at what price?
Which is music to my ears :)
“Update on Trading
The Group's execution of its Back to growth strategy continues apace and guidance remains unchanged from that issued previously in May, with an expectation to return to profitable growth in the second half of the financial year as a result of the anticipated benefits from investments being made across price, product and proposition. This is expected to improve Adjusted EBITDA year on year and the Group continues to focus on maintaining its strong balance sheet.”
"Boohoo remains well-positioned to capitalise on a recovery in the retail fashion industry, given that it is currently building a massive US facility to improve the delivery times for its US client orders currently shipped from outside this crucial market.
The company has also taken steps to ensure that its supply chain is transparent and that there is clear visibility of how it sources its fashion products. As mentioned in previous articles, Boohoo’s work on its supply chain following the Leicester City sweatshop scandal will pay off over the years.
The company’s leading global and US competitor, China-based Shein, does not offer the same visibility and could lose out to Boohoo over time. Therefore, Boohoo’s prospects remain promising, making it an attractive investment. "
https://www.asktraders.com/analysis/boohoo-shares-have-fallen-37-in-three-months-whats-next/?utm_medium=social&utm_source=twitter&utm_campaign=45099&utm_content=1508
Very likely! Fraser group is now on the register, bought in the open market, traders will now start buying boo as it bouncing back from oversold territory, US warehouse opening in August, flexing their muscles to make REVB profitable, shorts have no choice but to close resulting higher SP IMHO.
GL