The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Skid and Supaman et al Well done. Put the worshipped one under pressure re his usual ramping nonsense and he caves in. Hannam ?? Old hat , To all posters...... For 5 years we've read the BF's nonsense.. Yawn yawn yawn.
LOL, In case you're all wondering, the only time the worshipped one ever replies to my posts is when it's too close to the bone. Is BF (wan**r) really MC is disguise?? Fair chance that he is. Certainly talks the same s**t as his Irish Pal if it's not him. And the point about the AGM is ??? Same resolutions, same sh8t
Calling an EGM to oust the BOD, anyone interested in jumping aboard? The article that the worshipped one posted from the Belfast Telegraph is an embarrassment, but no surprise there being a loyal servant. Carvill has invested ZERO money into KMR. The facts are that he and the rest of them have milked it dry over many years. Contango - where does �2.12 sit in your share price prediction? Never mind, keep averaging down from 3 quid. MUG
Poortje - thanks for the link. Power - my apologies, I hadn't shoveled enough coal into my laptop to keep it up to date with the RNS'. Regardless of what side of the fence we sit on re our opinion of the BOD, IMO if I was a Director of KMR and thought it was going so well I'd be punting plenty onto it right now especially when the SP is at this pityful level. The fact that the rest (the top men) don't invest more must tell its own story...... Perceived Director confidence in any Company (big or small) is massive
Power. The last recorded Directors deal was May 2017 - not particularly positive. If you're referring to the recent RNS that's part of the annual rape and pillage. Sorry my predictive text got it wrong. It should have said part of their annual bonus
At this price, the more you've bought, the more you've lost. And that's a fact, so don't try and kid yourself that you've made more money. Even the worshipped one advised Del not to try to average down so count to ten, think about it and try not to keep making a fool of yourself. That's neither a prediction, nor wishful thinking, sadly for you my friend that's just yet another fact. If you want to keep throwing abuse then I'm ok with that. Anyway...... this billboard has gone boring. More of the same. Some of us being critical. others trying to justify where we are. blah blah blah blah. All part of the fun. games and teasing. Move over to the PFP Board if you want some entertainment ....... There's a W***ker on there called Richie blah blah blah, claiming to the be the guy who'd called the EGM. He's threatening to sue for libel against anyone who dares questions his ligitamacy. He's more false news than BF is on this Board. Who do these t*ts really think they are ?? Richieboy. If you fancy suing for libel, count me in. LSE billboards are for no brainers like BF, Contango, Del and me, etc etc. having a laugh and you're trying to claim to be a plausible alternative. Do me a favour and scurry back up you hole, but as I say, if you fancy libel, then I'm comfortable with that. Where does the world get these chancers from. LOL
The SP is less than 50% where you said it would be over a year ago. Based on that FACT are you suggesting to Delano that you DO understand what's happening. None of your stupid SP predictions have ever come to pass FACT. More 'averaging down' by yourself yesterday? Let's hope you've got more success at this level compared to when you 'averaged down' when the SP was 3 quid. Maybe in your world average down has the same meaning as lose even more.
Per posts from the other day, THE BOD have already started taking this year's bonuses by way of share options. There is no doubt more cash bonuses will follow. Including the share options I'd anticipate total bonuses to be at least 30 % of the Company's total net profit - maybe more
Supaman - why would the BOD buy shares when they can fleece KMR for hundreds of thousands of shares for nothing Dividend several years away so don't pin your hopes on that one. . I'm sure it's another buying opportunity - same as it was when the SP went sub 3 quid. .....
The rest get the same ?? Don't be so ridiculous........Carvill got more than DOUBLE Baxter. LOL The full RNS provides details of what the usual suspects all got. That's in addition to the rest of the bonuses which will be detailed in the annual report Laughable or embarrassing (or both ??)
LOL - we try to have a sensible and meaningful conversation until someone (one of the usual suspects) has to ruin it by making stupid SP predictions - not for the first time. Always brings the red mist down for me. Goodnight Contango but keep playing the same old broken record........ Cap - I think Sag had previously answered your question about what would a new BOD bring. Better marketing, sales orientated thinking, commercialism. Instead of digging the hole deeper and quicker, sell it better.
Great posted messages from Sag and Skid earlier today. Between both of them (in my opinion) they sum up things perfectly. Cap - Whilst I can't disagree with any of your factual comments there comes a time with everything in life when 'enough is enough'. Just ask the Arsenal fans or political leaders who get voted off.. Perhaps done nothing wrong but not done enough. I've been slaughtered on here before by comparing KMR with 100 FTSE Companies but there comes a time with any Company where a watershed moment appears. Banking crisis, M&S, BP etc etc. where are their Chairmen now - gone. KMR's watershed moment was restructuring the Company and the debt. As part of that Carvill (and the rest) should have been told ' thanks for what you've done, here's a sackful of cash now GTF' Accepting that (sadly) KMR are not within the FTSE 350 but here's a question. Has any other Company still had the top man (aka his old man) in place for this length of time?? Every Company, Political Party etc etc needs a shake up. What you must remember is that MC et al continue to milk KMR through bad (and now) better/good times. He appears bullet proof which concerns me.
Delano - good answer LOL. Cast you're mind back to the more informed ones amongst us who told us that 3 quid was a buying opportunity and the chance to average down. The more they bought the more they lost.........
Cap - you're right, that mechanism already exists. But also so does the ability to accelerate the repayment programme. I think we're in agreement that the BOD missed a trick
Delano - so why did you reinvest.
Trying to translate your post into the Queen's English and struggling. To date there has been no cash sweep. Feb 2018 saw the start of a previously agreed debt repayment programme. Absolutely nothing to do with cash sweeps. Happy to discuss, agree, disgaree and debate facts, not debate utter rubbish
Not sure what your point is. I am perfectly aware of the difference between an AGM and an EGM. Take your time to read the threads again. Count to ten and then ask yourself why the FD talked about an EGM rather than just including it as an item in the AGM
Hi Caposoka, I wasn't able to dial into the conference call so was unaware that it was the FD who stated that it needed an EGM. That concerns me greatly that someone in that position doesn't know the correct and required protocol. Needing Court application due to previously accumulated debt makes perfect sense and understandable but no FD worth his salt should make any such a basic and incorrect statement re AGM versus EGM. Cash sweep options have always existed but KMR BOD decided against that route. Perhaps dilutes their bonuses LOL BTW, thanks for the reply. In a perverse point of view I always think that the less people who reply = the most people who agree with one's postings regards
Comes in a jar, not out of the ground. Interesting as ever to read others thoughts, reasons, excuses, frustrations etc. One can put any spin that one wants to re the results but bottom line is they are as expected - disappointing, hence why the market shows no sign of excitement, enthusiasm, or interest. The message for next year is not much more inspiring so maybe some here should be lowering their expectations. Next year looks like it will be steady again but in a buoyant market that's probably not good enough. A bit naughty of the Chairman playing the potential dividend card. A dividend is years away from now and well KMR BOD know it. Contrary to an earlier post on here, it doesn't need an EGM to approve it, it could be an item on the AGM. A pound (or a Euro or a buck) says that it won't in which case a) there was little point in the Chairman mentioning it and b) he should be taken to task at the AGM for raising false hopes. Much is made of the EBITDA figure which is obviously an important metric. What of the net interest paid (6.6m) as a percentage of the net profit? FULLY A THIRD. Whilst it's encouraging to have circa 70m in cash sitting in the Bank it's obviously sitting in non interest bearing accounts whilst KMR continue to pay interest on its gross debt. Working Capital is obviously a given requirement but cash sitting doing nothing is literally a waste of money. Why not negotiate offset Bank Loans (debit less credit) or do a cash sweep? Think of how positive a message it would have sent out (and reduced interest costs) had they say swept another 10m to reduce debt whilst still leaving plenty in the Bank. Depreciation and Amortisation are accounting figures. Interest is hard earned cash reducing the bottom line profit. In the scheme of things interest costs only 6.6m? Yip but look after the pennies and the pounds will look after themselves. Which could translate into the BOD trying to think a bit beyond the boundaries of their limited capabilities. Excuse the interest pun, but the BOD have no interest in anyone other than themselves. As long as KMR keep doing just enough they will continue to earn massive salaries and bonuses. Without a doubt when the full annual report is issued we will see that every (vague and woolly) Key Performance Indicator was met meaning huge undeserved bonuses for a chosen few.
What's happened to Contango? My guess is that he's away working out another fanciful share price of xx by yy. I've got my alarm set already for tomorrow, anticipating the excitement........