The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is the issue with bulletin boards. Emotion starts leading the conversation in the absence of fact as we have no new information. Unfortunately the emotion on show right now is pretty negative, all while there are clearly buyers taking full advantage of the adverse sentiment.
Its simple - Remember why you invested and stick with it. The good days will come.
Despite the obvious frustration shared on this board the SP seems remarkably solid above .59/.60 and the last few days has seen a flurry of buys in the thousands of pounds rather than the usual beer money values so some are clearly confident in VELA's ability to deliver returns.
As previously stated, we have seen the sudden switch in sentiment on a few occasions this year resulting in 50-100% rises over the course of a few days. Its highly likely to happen again as the sellers dry up.
I am happy to wait until we see an RNS or two before committing more to my pot of VELA shares (currently rather a lot more than I first intended at this stage due to some averaging down).
It looks like the classic lack of news doom and gloom has set in today.
The reality is; JN rarely pumps out news unless its genuinely meaningful (it was exactly the same AAA and RDGC)
SGS are not going to release news unless they have a commercial deal tied up as there will be endless reams of legal papers blocking anything being released without approval of the licensee or invested organisations.
My view is that SGS would have made an announcement by now if AZD1656 was a bust.
In the meantime VELA's other investments are ticking over fairly reasonably given they are long term.
Happy to hold long term and enjoy what should be a very prosperous journey. If you happen to be in for a short term trade, the current SP is a bit of a bargain and we will likely see another spike in the not to distant future where you can make a quick 50%+
For those that a feeling a bit down beat about VELA, don't panic. We have been here before. It doesn't take much for the SP to start motoring northward and JN has always been tight lipped until meaningful news is ready to share with holders.
Patience is key. Don't go rainbow chasing as it will end in tears.
This is what is keeping me motivated. I think there is a pretty good chance we will see a sudden run of positive news that will propel the share price back above the 0.1 level (potentially this month).
In the short term we look way oversold with retail investors chasing rainbows or getting bored driving the recent drop. End result may be a sudden turn around in the coming week or two as short term holders run out of shares to sell.
I have taken another grands worth as we are primed for a breakout. No one selling is making money at this level.
We dodged a load of warrants last month which I think was a blessing in disguise as there will be little reason for the SP to slow down when we bounce.
Its starting to look a bit silly at this level. Over the 20% of the MCAP is covered by cash in hand, AZD (via SGS) investment has been de-risked, existing investments are not doing too badly given they are long termers and the sell off this week has been driven by nothing more than beer money punters (in reality very little volume overall)
When the SP finally turns northward (my guess is within the next few trading sessions) we will see 50% plus over the course of a few days if not more with the help of an update.
Lots of small trades going through with no one making any money at this level. Its a real shame some people cant just sit on their hands as we are starting to look a bit oversold.
The only thing that really stings for me is that my average is considerably higher than the current level so some luck ********** is going to clean up when the price finally heads north.
Its a bit miserable watching the SP sat at this level, however, the trade off is that we see less dilution in the short term as the warrants expire.
Almost a third of the MCAP is covered by our cash reserves (that's something you don't often get with AIM listed entities).
For those buying at this level it appears that they cant lose (anything less than 0.01 is a bit of a bargain with the potential for 3 or 4 times that level on commercialisation of AZD1656).
JN will be fully aware of the SP but is known for only releasing meaningful news so we might not get anything for a week or two but when news does land you can be sure that its good!
The big guns have been out today. I saw at least three trades that were more than a tenner!
Come on JN, bang some news out. The de-ramping and cross promotion of s**t shares is going to kick off again if we have nothing good to talk about.
Google tells me a string of 1's is good news. Apparently it signifies intuition, insight, and enlightenment.
I don't ordinarily believe in that sort of stuff but I will take what I can in the absence of news to get the SP motoring!
I think you are spot on. SGS are operating as a charity. Private donors wont be keen on dumping cash into them simply to cover debt. Although donations are essentially a gift, donors tend to like the idea that their money will be invested well and help the organisation develop rather than paying off loans etc.
Given the above, they need to get hold of cash asap with the easiest route being the sale of VELA shares (offloaded in one chunk).
Buy more!
Either we get mega news and warrant holders get their conversion or news doesn't arrive in time and existing holders get less dilution.
VELA is valued at the same level as October last year. Everyone who has done more than 5 minutes of research can see why that is wrong!
Good old AIM favouring traders rather than investors.
Its incredibly frustrating and quite frankly a bit of a joke considering the investment in SGS/AZD is massively de-risked vs a month ago.
Come on JN - Show us what you can do. Some us have built sizable holdings that are currently in the red due to a lack of news.
I don't think there is a limit provided the company continues to report finances to the market and operate correctly under LSE rules.
I can tell you one thing for certain - All these extensions are starting to get bl**dy boring!
SP 40% down since the RNS confirming phase 2 trials completed and successful. That's the drop I was expecting if results were bad (given the cash balance and other investments).
Well done to those loading up at this level. I don't see the SP being suppressed for long given the commercialisation RNS is likely only days away.