The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
WBA it was absolutely terrible. Could barely get his words out. So so unprofessional.
I literally don’t know what he brings to the party. I’m not being deliberately harsh, we are shareholders surely have a right to voice our opinion when management act in a shambolic manner.
Just watched the AGM, wow they are so so uncomfortable in front of shareholders, all 3 of them. No wonder they never front up.
What does JW get paid for? He can't even get the name of Your Gene right.
More of a shambles than I expected. So, so amateur.
We (LTH's), with high averages anyway, have shafted ourselves due to greed, inexperience and naivety. Don't get me wrong, the management is truly atrocious but we really should have objectively looked at it and said "this is a flash in the pan stock and is dead post covid", and sold at sensible prices. The management of the company has been nothing short of shambolic since covid, but we need to take responsibility.
There's no reason to think GM would have done any better with the lotto win. Fact is we were in the right place at the right time and it has proved to be a total aberration. That said, we are now a far worse performing company than pre pandemic so perhaps this wouldn't have happened with GM, but there's nothing to say he would be able to improve matters now. And why on earth would he want to come back to a dying company after taking £10m+ from the lotto win? Would make absolutely no sense, he's rich beyond his wildest dreams so can pick and choose now.
Winning feels out of the question either way. I know the government are a total basket case and think nothing of wasting our money, but you’d like to think that if the legal team on either side thought an outright win/loss was likely, then a deal would be struck. So I guess we have to wait another 6+ months and waste hundreds of thousands of £ more before we get there.
To even suggest that £3/4/6 is in any way achievable is absolutely absurd. We are valued at 39p and there is very little demand for what we sell. We’ve made a loss every year bar one since floating, and that was covid. We are being sued form every penny we own and more. We have a BoD who give us pie in the sky figures then roll back on them 18 months later without much of an explanation, we miss targets set out in RNS announcements (remember that “we have new products coming on stream in Q4” - what was that Q4 2021? 2 years ago.
We won’t win the case outright so the best case we may agree to just call it quits so that leaves us with circa £50m but the cloud removed. That may get us somewhere near £1 but talk of multiple pounds is bonkers.
Great questions Wilson, thanks for representing us. And to bh for the transcript.
The fact that JM said the £100m isn’t credible should come back on him as wasn’t it his mouth from where the words came? It was either misleading or so inaccurate that you have to question the man’s suitability for the role he is currently in and the one he held before.
So in summary, it continues to sound like they don’t give a hoot about shareholder value.
Val, our board couldn’t run a bath let alone a listed company. What makes you think they’ll select a decent lawyer?
Plus, the government have unlimited funds so will get the gold plated bells and whistles lawyers. And knowing that lot, may just bribe the judge anyway. They will get away with everything they can in their final year ransacking this broken country.
that would need about 70+ m in the bank to be £1 based on cash. factor in 2023 cash burn and money we are ******* away keeping yg afloat.
there is zero chance we win the dispute outright. government is bent and we have the worst, weakest bod you could imagine. be amazed if we get a neutral outcome.
Swag. This share is never going back to £2.30. Never in a year of Sundays. £1 is a dream.
Remember when porky/DRB83 said it was insane this ever went below £2? Well yeah, here we are almost in the 30p’s.
To be honest I wish this company would just go bankrupt and put us out of our misery.
Absolutely give him a go. The current mob is a disaster. At least like HC says he may get some upward swing and that may be enough to tempt us all to sell and get out at a less awful price. The company is dead anyway, it’s just a matter of time when. Personally I’d rather sell at a quid in 6 months than 5 years.
the way it’s going it’ll still be killed off but just a lot slower with the current crop.
3 shareholders at an in person agm means they’ve successfully ****ed off pi’s enough not to care and clearly the rest are in their pockets and keep voting them through.
did any payrises get approved?
how much does jw get paid for his one appearance a year?