The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Your quote...
I'm pretty sure someone here can translate that into easier to understand language for you.
I'm not convinced that anyone on here can. Why do I say that? Because like it or not, I reckon (sadly) only you and I have the necessary understanding to be able to have this type of conversation whether or not we agree with each other or not.
The fact that no one else has replied to my original post would suggest that I might have a point.
Thanks for your honest response about not being able to answer my question.
Like you I've read all these pages many many times and yet KMR continue to sit on a huge pile of debt and paying a high rate of interest on it and yet sit on a huge lump of cash. Not great cash or debt management.
To your credit, at least you gave a reasonable response. I'm now worried that I've asked a question that's too technical for anyone else to reply to. Anyone can say £2,50 by end of Feb (BTB) or even 4 quid by next year but can anyone else read a balance sheet or is it just a case of continual ramping based on nothing???
To all other posters, I'd welcome your responses and understanding of the cash sweep scenario. Why not reduce the debt to reduce interest costs ??
And no sensible response will be taken as........YOU CAN'T
HMMM ..... Not convinced that a) you replied to my question directly or (more importantly) b) you know the answer to it. As per usual, you jump in bristling at any mention of negativity aimed at you or KMR. In reality one in the same thing.
To quote you.......
Cash sweep is also tied to dividends and other matters. You'd need to have reasonably good reading comprehension and attention to detail to figure that out.
Can you refer me to the relevant page in todays announcement that backs up your statement ??
I'm not going to get involved in the mud slinging - other than to say BF continues to try to brainwash his pathetic followers with his pathetic ramping nonsense.
Instead, I'd like to test the brains/knowledge/understanding of all posters on here and (for once) I'll embrace all responses/views/and opinions.
We've not heard from Greeno today (must be busy topping up again) but he recently agreed with a comment that I made (that's a first) about KMR's BOD being very poor at managing it's debt and its free cash. Let's face it KMR's BOD are very poor about doing anything but let's not go there for once.
Anyway, my point was and is, why sit on a truckload of cash rather than wipe out the debt via a cash sweep. KMR spent/wasted 6M on interest costs last year while sitting with a shed load of cash. Not great Cash Management.
My own view is that they should have made a significant cash sweep to reduce the debt some time ago but regardless of my view - go to note 12 in todays announcement and read the 2nd para below the table of debt repayment on page 20. Starts with the words IN ADDITION.
Per that para, can anyone tell me why the cash sweeps didn't start a year ago as a matter of course regardless of my view or the BOD's view. My reading of that para is that a cash sweep should have happened. I guess I'm missing something.
Apologies if that's too difficult a question. I like to think that I can read and understand Balance Sheets, Audited Accounts etc but I'm missing something with that one.
Cap - sorry if I've made my point in a long winded way again but I'd be interested to read your response.
BTW - those of you who have had a pop at Cont today should bear in mind that we've not heard from him for many months.
Popped up his hole again
BF....As you say who gives a sh*t but you've still to prove that I'm an idiot. if that definition was based on the last five years prediction re the SP I'd suggest that you'd get that accolade.......Can you prove me wrong?? Obviously not...
This year's annual results announcement date comes out and the SP drops.Let's see where we get to.
So how do we gain some money and get some traction on the SP?? Dare I say, sack the BOD. Bring in some modern dynamic global players to replace the greedy ROI, self interested individuals who have pulled the wool over global investors for many years.
That said, I have to take my hat off to the same MC who had the skill and blarney nonsense to convince the now major investors to pump (aka waste) their money into this bag of nails.
We're all envious, jealous, wishful of where this global Company could have been if it hadn't been destroyed by a bunch of greedy Paddy's.
I welcome your feedback/thoughts.
Guys like C*nt, BTB, Buck, get so many followers for pumping the SP up year on year on year. But does it ever work ???
Phew.... Thanks Cap, Your observation is spot on. By now you've worked out that I like a good wind up.
Any negative suggestion or comment about KMR and MC and his minions, always makes BF bristle but there's nothing new there.
If BF had anything meaningful between his ears he would have worked out that it was BFB who challenged the petty difference in the quoted SP and not me.
That said, I'm still open to my challenge/tease of 'guess the SP'
Not according to KMR's own website. Maybe that's what's wrong. You live in a different world compared to reality ???
Fills one with such confidence and positivity. The day of the announcement the SP drops circa 4.5 pence to end below 2 quid yet again. OR.........is it another top up/buying opportunity ?? Wonder how many non existent buying opportunities we've had over the past 5 years. Or maybe we've had loads of them if you spin it differently. BTB, Greeno etc have treaded backwards many many times to stand still.
Every year some dafty on here starts a game called 'let's predict where the SP will finish COB day of the results being released. We've had all sorts of wild predictions over the years.
So my turn to kick it off this year. Where will the SP be COB day of the announcement ??..... still knocking about the same 2 quid.
We have a potentially massive Global Company being run by a few Republican Irishmen living in and working from The South of Ireland and milking everything that they can and yet you'll all getting reeled in
Count to 10 and try and re read my post. I said I wasn't going to invest again. Oh oh yet again you've made a t*t of yourself misreading my posting suggesting that I'm out.
Reality is that I'm out punting even more
Rewind and look at some of the postings from your worshipped one (AKA BF). He pumps you up and then dumps making sure he pockets a few quid.
Is he wrong to do that ?? Absolutely NOT
But he also knows that he keeps 'reeling in' a few more mugs to help him profit.
We have a potentially global company being held back by mickey mouse republican leaders milking it for themselves.
A company that should be trying to make it big in the world.........sadly being held back by wee republican Irish chaps looking after only themselves.
You decide...........
BeatTheBanker...., maybe a daft question but do you think the time will ever come when you think ..Sh*t.. I've topped up and topped up so many times that I'm now chasing my own money?? If so that's the sign of a gambler trying to beat the bookies rather than an investor.
I've never tried to hide the fact that (like you) I chased the money thinking that this share would fly many years ago. I invested (and potentially lost) too much to try to chase even more. So in terms of investing again and to use a quote from The Dragons Den.... 'I'm out'.
You keep posting stupid SP predictions. We've all seen so many many positive signs, announcements, postings, results from KMR and yet nothing moves the SP. SO..........
Let's hypothetically suggest that it still won't move over the next few days/weeks/months.
In your opinion what is going to 'TRIGGER' a reaction to the SP to make your 'chase' worthwhile.
Any sensible response will be well respected by me or are you just 'punting' ??
Hypothesizing. That's a big word. How would you define or translate that into simple language ?? Wishful ramping perhaps ???
As long as Carvill and his minions have their claws in KMR sadly your hypothesizing will be proven wrong
So your latest speculative and pointless prediction will replace the previous one of 2.50 by end of Feb. Never understood the point of folk making daft statements like that. Google infinite number of monkeys theory. I guess one day you have to be right but infinity is a long time coming
I admire you're honest postings but at some point you have to decide what you're going to do.......bail out at £2.50 end of Feb 2019 (which is ticking down and isn't going to work) or hold til 2021 to reach 4 quid.
Whilst the worshiped one continues to spout his bile........
I'm on a rant. You fancied two and a half quid by end of Feb and you were going to bail out. Then you thought about keeping KMR as a divi stock.
What's your thoughts?? Nice problem to have. Rhetorical question....... If it hit your magical £2.50 what would you do now ????????
Oh Oh
Something's gone wrong. Greeno and I are beginning to agree with each other.
That can't be right.
Never mind Rodney, this time next year,,,,,,,,,,,,
When do you know that you're talking sense and everyone else knows it too???? No-one else has the balls or intelligence to reply or challenge it .
Adios amigoes