The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
JG i think Hindy is referring to intraday lows.Not closing prices. The covid intra day low was 66.Close price was 91 on that day. 54 intraday in october. close 56 if i recall. I always thought on TA you went by close prices not intraday but i'm not really into all that stuff!
This share had a rights issue mid 2020 fully subscribed where investors were prepared to pay 220 per share for each rights share. At that time the whole fleet was non operational & staff were furloughed. Ask yourself: is the company really in a worse position now or perhaps 2 years from now than where it was then?
Talk of administration is just so daft. Watch the presentation.Stamp has stated.Covenant gearing is 3. Well within their limit of 3.5. They were prepared to pay a dividend at gearing of 2.8 & it was only pulled due to the realisation that deleveraging was going to take longer. Think longer term. In 2-3 years a buy at these levels could be yielding a dividend income of 20+%. There is no reason that cannot happen here as this is historically a dividend share. everyone is focused on the neagtive stuff but ignoring the positives that may happen in time!
Prime, yes i started my buys end of 2027. I actually 'caught the bottom' at 127 in December 22 with one of my buys. I was also invested during Covid & again on one of my tranches 'caught the bottom' at 112. The covid ones i sold for a decent profit & got back in big when it was hitting the covid prices again. Investors in RR have had a similar roller coaster over the 3 years before the recovery & i imagine most who invested at good prices there probably all sold out when they broke even again & have now seen the SP rocket away. I've always had a 5 year view on this investment & intend to keep a core holding for at least that period. I will slice some on recovery simply because i have too many in here now although my intention is to average down further at these prices. I think a lot of people are thinking short term here which is compounding their frustrations. Watch the presentation. They are addressing the pricing issues which yes i agree with you on. This company has huge competitive advantage & pricing should not be an issue here IMO. Demand is inelastic for their services. They could raise prices on UK coach by probably 20% without a big impact on demand. WMT is due to be renegotiated in Jan 25. People are ignoring a lot of positives here & focusing on all the negatives.
Far too much fear & panic abound here. I get that the SP is dreadful. £80k+ loss on paper so maybe i should sit on the toilet all day. This is the lowest price since this listed in 1993. This is a solid business bring in consistently huge revenues. Take a trip down any major arterial motorway & you will pass several giant jam sandwiches to remind you of what you have bought part of! This will be a missed opportunity i believe for many who were happy to buy at but not at 50p!
How many on here have watched the presentation? If you are invested it is essential viewing. The person who said this is going into prepak won't have & you have to question the motive of someone putting that comment onto a chatboard with zero evidence to support it!
Https://www.mobicogroup.com/investors/results-reports-and-presentations/2024/
No, for me the shorting is an opportunity here & i'm going to buy again next week if the drop is sustained. I see this turning before too long & this price level is just too tempting to miss out on as i see it. Might regret it but well i'm going to get 3 shares for what i paid for one share originally. My mistake was buying then but buying at 50p odd will reward well i'm sure