The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Classic MM manoeuvring...
Price collapse followed a few days later by a press release for a new large contract!
Still a bargain though at 2.7p if you can wait until late 2022 or 2023.
I very much doubt this would be a problem as Germany needs to import gas from Russia.
The fact that Germany prevented the SWIFT system to be used as a sanctions tool in the event of an invasion tells you everything about German-Russian relations. Gas prices are predicted to remain high for several years in which case prospects for future gas- related contracts in Russia/Oman etc look promising.
He who keeps his nerve over the next week or so could do very well here!
A takeover would be nice but I think it is just returning to levels before the recent dip (which I hope was the last decent opportunity to buy cheaply) - from £7.4 to £6.05
There has been no news regarding any tie-ups with any other company over lfts and you won’t be able to find anything except by following a carclo lorry to see where it delivers plastics to!
Expected this dip before results - as pipedragger says, another chance to top up cheaply again before the market starts to take the company seriously.
Do I wake or sleep? ...I just had a strange dream that the LPA sp moved!
Bizzare indeed but also an opportunity. As Mr Iskander writes, PFC is "well positioned with a healthy pipeline of opportunities scheduled for award in 2022". Buy now and be patient for headline contracts next year.
The UK market is pretty much unloved at the moment but it could be the first to recover from covid in 2022.
I've finished work for the rest of the year & thought I'd review 2021 for Carclo (as I hold nearly half a percent of the company since buying at 5-18p). It has been a great year so far (up +100% in 2021) and the prospects for 2022/2023 look good, tech plastics being a growth market. Directors have put their money where their mouths are and they appear to be working flat out.
The current price is still cheap although in the short term I am hoping for a quick dip to 35p-ish before pledging my wife's savings in (she works as a nhs covid tester and reports that pcr testing is going through the roof as omicron continues, so short term market optimism may get a short hit).
In summary, I still don't think you can lose money here (even if a factory temporarily closes as it did for Itaconix recently). Maybe a takeover target in 2022 but I think sharp share price growth will be in 2023 with possible resumption of dividends. If you can wait for a year or two then the returns could be x3, x4 or x5 with a very low risk attached. Merry Christmas!
Have been a shareholder for several years watching the paint dry.
To be honest I don't expect anything until mid/end 22, which is when their investment in the micro business end and US ticks up. Due to having a subscription income stream I can't see the sp falling (unless the £6mill investments utterly fails which is unlikely given Whipps last statement) so it is a wait and hold situation until sp rises. Definitely a better option than putting savings in a bank account given the low risk/high reward.
Interesting article in the ft…nft art market increasing!
Hopefully good for start.art, despite my earlier misgivings about the company investing in this business
If you've got any real inside information (ie. Details of a big middle eastern deL) please share it with the group. Beware: shares always go down before they go up and vice versa!
The answer is 42. Your question should really be: "if others aren't valuing the company as I do, after such impressive results, then is it cheap in the current economic climate?"
I've countless other small-cap shares in the same boat. No conspiracy. With more good results next year it may look like a potential takeover target. I still own 0.4% of the company and intend to wait until resumption of dividends, hopefully, middle or end of 2023.
Agree. Results may be underwhelming due to supply issues but the longer term is very positive given involvement in railway contracts. Opportunity for a takeover bid or private delisting
SP looks way way oversold…have topped up like many others
Sp rising to 40p today is giving encouragement...also expectations of solid manufacturing progress and good results in November...and news about covid contracts made earlier in the year would be icing on the cake.
Could be the moment the paint is almost dry!
That's it , folks!
Got the news we have all been waiting for...will top-up next week...prospects and sp will rise into October and beyond...pfc changes it's name to something less eco-offensive...sp almost £3...time to sell and tidy profit!
No news or rumours and I don't think Carclo run their machinery off gas, so it must be a seller offloading to raise cash. The last time the sp hit this level it instantly rebounded to 45p.
Several of my small caps are acting just like crypto-currencies so I'm putting it down to an autumn market hormone in-balance. If the directors think 51p is a good price to purchase then that's good enough for me. Keep topping up at these silly prices!
It's a waiting game until results & news release concerning new customers...but that is what is required of a recovery stock! As long as the directors are confident (which they are, see recent buys) and profits are ploughed back into the business (which they are, see new machinery investment & hirings) then nothing to worry about much.
What would bother me is if they try to raise cash to reduce the pension deficit (via rights issue or diluting the share base).
But with or without covid the medical plastics division is onto a sure winner!
Hi Smart, I too have also found chat boards to be a route to some very profitable trades and discovered ITX the same way. Re. Filtronic, I think in the short term it may actually be a better trade than ITX given that they do not have covid-related supply chain problems, order delays or have to deal with increased raw material prices and have also had several directors bought in. Granted, though, ITX should be a stronger bet in the long term given its green credentials. Cheers
Thanks FrozenA, I don't have anything to comment on ITX now but as a general conversation starter there was something in the financial news recently about small UK manufacturers being due for a re-rating...the sector certainly looks unloved and much under-priced. May I share my other interests from this sector in which I am invested and particularly hopeful for 2022: car (overweight), ftc & lpa. The coming week's weather looks to be a bit over-cast so it might be interesting reading material whilst you're stuck indoors!