The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
You're right testpack; I first invested at £3.45 and then sold at £7 and then came back in at £9ish and have stayed in ever since (but buying and selling percentages of my holding; some at good times others at bad times); I'd love this to rerate (but tbh getting to £20 and staying there would be good. ) I do feel there's someone in the background toying with us however.
I'd prefer divi's to buybacks tbh - but I recognise what bb's are good. I just don't like the fact they aren't cancelled. Watch them shell out a load to the directors (it's happened before). Hate stuff like that.
Everyone keeps banging on about a re-rate.................and we've been waiting for it for about 5 years...........but Plus has a couple of major errors of concern that simply won't be overcome any time soon. Lack of Trust in the Board, extra tax because of it's domicility and the opaqueness, and the way it earns it's money (customer income and the lack of hedging, even though the lack of hedge means greater profits.........sometimes........risk).
So..........if you're hoping for a re-rate to the same as it's peers...........in my opinion.......that aint ever happening unless something changes. Floating on NASDAQ for example would take away the domicility and opaqueness issues once and for all (and the tax).
INL have also instructed an agent to sell 104 units are the above site in Soton too.
I think the buybacks would resonate more if the bought-back shares were cancelled. What if they relaunch 30 million of them again at £10 a share or something?
INL are hoping to raise £11.75m from the sale of 4 plots (3 resi plots, 1 wholly commercial plot) totalling 61 resi units.
INL have launched the sale of some of the smaller phases of the Hounslow Barracks consent today. Using an agent to do so (makes sense - go high and wide and get the details to as many people as possible)
Not sure why - the odey purchase is unrelated to buyback mandate. If they've decided that 80million shares is where they're comfortable perhaps they could save the money and divi it out to shareholders?
There's a weakness in the share price.............despite trading conditions that traditionally favour Plus500's performance (massive volatility = good for Plus). Is this the Odey overhang..........or does someone else know more than I do about what's going on. I honestly though this would kick on this year...........instead it's that £20 share price cliff hanger again.........hit £19.99 and then drop like a stone.................
Sorry - was having a really bad day that day I posted, sincere apologies.
That was for 'Mojolse' not you 'theyknowitall'.
On what basis did you write that? How do you know there's news this week? If you don't factually know, perhaps, you know, you could consider not writing that sort of stuff on here? Unless you do know something? And if you do, enlighten us.
I wonder what's triggered the activity today...........after a relatively quiet couple of days (I thought the shares would dip, with some possible profit taking tbh). Interesting -Friday's are usually quiet for alot of the shares I'm in.
Separately - CMC has issued a pretty negative update today. See cmc for the full update (or cityam if you want a precis). Wonder if this is being seen across the board (thus IG and Plus suffering the same). Think we're due an update end of June/early July?
Proper bit of business that. Bought at £13.83 per share.
And now there are only 82,000,000 million shares in circulation and there's another £18mill of budget for buybacks still to be used. At £15 a share that will take another 1.2mill shares out of circulation.
Whoops - sorry - forgot about the ex-div thing. I'll shut up now.
If the broker keeps buying circa 40,000 shares this week (each day) the shares in circulation will be down to 89,000,000. Doesn't feel many in light of the progress the business is hopefully making. I thought the dividends accrued to these bought shares were re-distributed to the shares in circulation but I guess that money stays in the business's coffers and isn't paid out?
Reporting live? or rather - just giving an update with a slight lag on here?
Feels like it.
Just for clarity, before I start; I'm in at an average of 1.9p (I've had drumz shares since they were energiser, an off-shoot of Inland homes - same directors of INL back then - Malde and Wicks) so I've been in this share................for a bit too long if you ask me...........but I'd take a massive loss if I sold now so...............
It's why I can't bring myself to invest anymore in it, despite thinking that now's the time. Or is it? That's the question. Is 5p cheap or could this go to 3p first? I thought that the recent news about Acuity/the name change etc etc would have been met with far more joy than it's appeared to have done so so far. In fact..........the share price is down (i think?).......feels down at any rate...........and yet, in the background there are people buying and building up quite a percentage of the business.........without the share price moving one iota upwards. I thought the share register was quite tight in this..............but apparently not if you can build up a 4.3% and the share price actually trend downwards. Anyone else got any thoughts on Drumz?
I think this share is absolute proof that once shareholders have lost trust or faith in the Board of Directors it is extremely hard to get it back. People have long memories.......and funnily enough they don't like unnecessary surprises dumped on them out of the blue that costs them alot of money...........which is exactly what Plus is guilty of in the past. Like Tom I've been in this share for quite some time (longer than Tom but it doesn't matter) and although the company has changed considerably over the last 4 years it's going to suffer from past mistakes. Also the Israeli domicility (lack of clarity) and other factors that have been covered extensively in the past on here (and other boards). They will always lag behind their peers...........unless they decided to move to the FTSE or NYSE. That would change everything (and the re-rate would happen immediately imo). Just my two-penneth.