The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
At this point in time I regard this as uninvestable. I am surprised that any of you consider buying more. Personally I will await outcomes and see if the company want to act in a professional manner or not, but sadly this is how AIM allows companies to behave.
I'm going to stick my neck out a bit, I have said for a while that the golden period for SEE will be in the run up to this Christmas, I still feel this is correct. Too many deals have to be done, too many manufacturers have to release details as models are to be scheduled ahead of NCAP. You won't have to wait until Winter.
As long as the fuktards don't call WW3, that just may mess with this prediction!
That seems to have been the point of all those sub 1000 trades, drive the price down and spend 2 days accumulating the panic sellers and wollop everyone with that rather nice buy. A lesson in how to manipulate SETS. Who suffers, well only PI's yet again
That is what the current CFO is working on and should be released in the next couple of weeks. I will only be comfortable with Quarterly reporting once monthly results hitting target are nailed.
The manufacturers are in charge of the news and they will tell SEE when they can announce any wins. I suspect that that will not happen for a while yet as this secretive industry seeks to keep its interior designs confidential until the launch days of their various models. Our competitors are not announcing wins so the opportunity remains the same. The Bod cannot stop PI's selling and that has happened across AIM and seems irrational sometimes. Trouble is we are still loss making and until the market has visibility of when that will stop, it weakens our allure as a buy.
I won't repeat the same elements I think Paul could firm up, but I certainly hope he takes the opportunity in 4 weeks time.
BTW Lewbo, am I living under a rock and missing something? In the Half year report back in March Paul stated "The current 'active RFQ' pipeline, with program opportunities exceeding a cumulative total of A$1bn". Happy to be corrected.
Sadly I did expect a large move south so I sold down my holding to a tenth of its size. but I expected a market wide crash rather than this. Sorry but I don't buy into the manipulation theme, AIM companies not making profits (and even some of those that do) have been hit on market worries. We moved to SETS a years ago to allow for a more stable platform and less likely to be manipulated.
Until the real deals start being done on the 1 Billion pipeline and our CEO is able to predict profitability with confidence this may show weakness. I am looking for some sort of commitment to any placing to be limited in size or even better a loan to be sought rather than dilution as he has hinted at this back along. I have continued frustration at the predicted size of the GM projected sales size (A$7m, yeah right) and can only thin of one reason for this.
If you think this is bad, take a look at SEYE, from 274 SEK down to 66 SEK in roughly a year and they have not announced any wins. The pipeline is still there and it has been my speculation that this autumn will see the real action in the market and in SEE in particular.
Looking at the rounded up sells it appears K2 have not finished, so perhaps Toby wants them out. He is quite assertive that the SP is too low. As for being unprofessional, the current market does not reward news as too many weak buyers, soa different approach is quite welcome.
Strange way of releasing news by Toby. A very late RNS on Friday released by way of media interview, then no release of updates this morning. Allowing speculation and accumulation beating the sell on news brigade. Lets see if it undoes the harm K2 have done driving the price down.
He could clarify the GM contract or anticipated value. Valued at A$7m is a bit of a joke in comparison. At some point he could also clarify SEE's financial position and whether a fundraise will be needed; to be fair SEE are so close to the end of the journey the possible need does not bother me, but the uncertantity does.
I looked into K2 a short whie ago and they are an outfit of sharks, they love short selling. They want out at any loss becaue in this market they need the money to cover said shorts. They will sell down to zero, the price in RMM will rise on the next good news, and K2 will be forever forgotten.
Its funny how posters cannot see their own BS. A little while ago the thread "expert" could not accept K2 was selling and swore blind that was not the case and that posters saying that fact were wrong. Then the thread guru sells a **** load and now the bullh1tter is free to accept this truth while "moderating" others excesses. All aligned with how many shares he holds and actually thinks people will listen - well 5 "likes" indicates there are still 5 mugs wanting listen to this BS.
Took the difficult decision to sell more SEE today. I have now reduced my holding 66% and staying in cash. Not particularly worried about SEE in particular but the wider economy. Back along when the SP was 1.5p and I was sitting on big losses I actually felt very close to the edge and I vever want to return to that feeling again. So I have sold enough to pay the mortgage and if it all goes to **** I'll still be ok to see that problem off and it was still doubling my money from the original buys. I still have a large (for me) holding here but at least I won't be revisiting those feelings.
Just imagine the SP if we had hit predicted output and K2 had stopped selling! One month soon both of those factors will be a reality then we will see a proper move up
Hiding behind NGA's means they have a perfect excuse to withold news, but for what reason? Being of a cyical disposition I tend to feel the most important item on McGlones agenda will be to get the SP to average 9.5 through June. He must have a plan to stimulate this share, as I am sure hw will not want to miss out on his bonus.
Can anyone point me in the right direction concerning Paul McGlone's bonus award payments? If I remember correctly it was a 5 year targetted plan that was dependent on the companies SP being acheived for the bonus to be triggered.
As I said before, K2 selling holding the price back. We need this cleared to progress upwards.