The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Petejh, thats a fair and balanced post . An associate of mine was in relatively early with around 250k invested .He watched his holding soar to around 3 million quid and still refused to sell .He is back down now to around break even .I suppose we can all use hindsight to influence our emotions , but that chap must be seriously fed up now .I remember the " sit on hands " advice well . I also remember people buying in , in the 30s and watching it rise to nearly 40p .Its hard to believe what has happened here but its not just ggp that has suffered. I put most of it down to market sentiment. AIM was everybody's darling in 2020 , but money has moved away from the juniors , and that trend has continued for 3 and a half years .I also think there's a tremendous amount of under counter skullduggery going on too .At the moment it doesn't matter what companies are doing ,or how juicy their assets are .Without volume and favourable market sentiment etc , sp's are going nowhere .This has nothing to do with SD , but has everything to do with the current AIM market climate . And looking at the evidence, if GGP discovered another havieron tomorrow, some organisation would attempt to mark it down .These are pretty much unprecedented market conditions , certainly worse than i can remember, and im going back a long time too .
Matty boy ...spot on .This snake pit known as AIM is slowly eating itself .Its about as regulated as Haiti . And couple that with insider info and relentless shorting and you have a plethora of problems for the well meaning investor. Also the fact that Newmont are offloading doesn't help either .More and more people are leaving the juniors and investing in Ftse companies .Also high interest rates are adding to the situation .Looking back now to 2020 and an Sp of nearly 40p a share , and to see it 3 and a half years later at mid 5's is astonishing . People have , for years now been relating this monumental slide to the Lasondre curve .Looking at sp values right across the sector , that theory has been proven to be complete and utter rubbish . Going off that nonsense theory there's not half been a lot of Lasondre curves in the last 3 and a half years ? Companies sp's have been utterly decimated since 2021 .
Wyndrum... You are pretty much spot on with your analysis of Aim companies in general. In early April 2020 , WE WERE TOLD THAT ..." Avacta had just signed a deal with Cytiva to produce the Lfd , and the sp went into orbit .All the way from 22p to around £2.15 . A colossal rise in around 12 weeks .And the talk here was mainly people telling us that we had " The Sovereign Test " , lol .Shortly after the meteoric rise there was a large placing .The ones in the know knew all about it , but the pi didn't. Then there was Bams, and other things too . The covid test was ramped to high heaven and came to sweet Fa . When you look back at the last 4 years it's been a plethora of empty promises here .A ceo that sold at around £1.70 to buy himself a nice pad and now the sp isn't far away from where it was 4 years ago , when everyone was on the edge of their seats waiting for KLAUS to tell us how wonderful Avacta and Cytiva's test was .The biggest anti climax since pacqiaou and Mayweather .For the last 4 years we have heard all manner of ramping , all manner of promotional BS .And all manner of people swallowing the promises made .I don't doubt that Avacta are an up and coming company that are doing their best to make significant breakthroughs .But the amount of groundless , hapless ramping and false promises at Avacta , and on this bulletin board have amounted to pretty much " Diddly Squat " .And anyone in denial of the above is free to check back for the last 4 years and see it all for themselves . The song " I promised You A Miracle " is perhaps rather apt ?
Why is avacta at its lowest market cap for years ?? It isn't. But I can tell you why it's perhaps lower than it should be .Its because there are many more shares in issue since Avacta's sp started charging in April 2020 .And since 2021 almost all junior sp prices have absolutely tanked .That's because in 2020 , half of the country had free covid money and lots of time on their hands to invest in Aim stocks .Which they truly did .And volume of trading was off the scale .Since covid money disappeared in 2021 , sp's across the board have tumbled massively. Many companies are over 80% down , and then some .There just isn't the volume on juniors anymore as the financial climate has changed .Interest rates are the highest for around 15 years and the Ftse has been largely positive too . All of the above is why the junior markets in general have been in a slump for certainly the last 3 years now . The evidence to back up the above is undeniable. The bull market we saw in 2020 has long since disappeared.
Talking Sense. Please provide proof of your comment where I said the sp would be below 0.2 .I never said anything of the sort .If you think a company sp is something to cheer about when it's around 0.3 , from being 4.4 over 3 years ago , I think the joke's on you . Lmao .
Toffers. You say this share was ( quote ) "4.25 on December the 29th 2020, just before covid struck " . That comment had 8 likes but unfortunately you're out by a full year .Covid actually struck a year earlier and the first lock down was around 9 months earlier than December 2020 . I suggest you do a little more research ?
The halcyon days of Aim are long gone now .Companies are worth a fraction of what they were worth in 2020 , as has been mentioned there was a ton of money around then and everyone was a trader that year .As soon as covid money dried up and interest rates soared it killed the market completely. The evidence to back that up is irrefutable. Once 2020 was over , right across the board we saw a massive decline in investors and traders in the juniors .This market has had its day , and the last 4 years is unequivocal proof of that . Company valuations have been decimated .Its all there in black and white .Anyone who got out before the big slide dodged a hail of bullets .Its been the same now for well over 3 years .No matter what companies uncover , it seems to make very little difference compared to 4 years ago when markets were on fire . That fire has long since been put out .An acquaintance of mine had 2.5 million quid in ggp from an investment of 300k or so .He is now around break even , maybe 50k up at most .That must be a heck of a headache. And look at the 2 big investors here previously, Colin and Phil . They will be lucky to have 10% of their investment here .A horrendous scenario .Deny it all you like , the truth doesn't lie .
Daramuda/ Notrex/ Rx dav ... Try not to get too stressed out about your situation .I know the sp is in the doldrums again but don't worry .Try to move on with your life and console yourself with the fact that some of us got out in time .Not you mind , but then again , youre an idiot so you wouldn't have , now would you ? Ha ha ha .
Tamer investor ... Carry on with your make believe rhetoric. You are the master of the fantasy existence little man . Stand By Your Beds lads .Here comes another placing .Lmao .
Moneyman / Warren Buffet .... Yes , every single investment I have ever been in has tanked .And every one that you have been in has been a roaring success . Lol You seem to spend a lot of time here yourself recently, inbetween Wayn - King I expect ? And by the way ....there's no such a word as " MEEP " , so you're also stupid , as well as a failed investor .I pulled out of AIM in spring 2021 as I sussed out that all the free covid money had dried up , and companies right across the board were tanking .I made good profits in 2020 .Unlike you who is stuck underwater here , and in other companies too , desperate to recoup your losses .I took the money when i saw the slide , you didnt .That makes me smart , and it evidently makes you an illiterate loser .Not turning out to be your day is it ? Ps , I think I would perhaps consider changing my name from " MONEYMAN " .As you've not really got any ! Lmao .
Sausageonastick... I notice that none of the groundless rampers have posted anything to contradict anything that you have said . Any constructive comments to disprove any of this Tamer investor ? I'll take that as a NO then ? Lmao .
Cashking .... you agree with tamer because you are one of the groundless rampers that I am talking about .Stuck in here with a high average. I got out years ago when I did have a large profit and watched it start to slide .Once I got to level I was out .Unlike your band of rampers who are massively underwater because you believed in Craig Brown's ramping .I saw it coming , you didn't . So you ramp in the hope that there's a spike and you can get out .It's not happening, and you are understandably very frustrated , just like Tamer investor.
The ramping here is simple . lots of people are in here with high averages .In order to get out they ramp this so people will buy in and rescue them .But people have now wised up . You would find more gold down a coal mine .20 years of failure and false ramping. The penny is now dropping .Its the remnants of Craig Brown's BS !