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The last 18 months have taught us all not to believe the BS from O'Spiel.
H1 was EBITDA 2.1M off revenue of 23M. Full year guidance of 40M implies H2 revenue lower at 17M. With a largely fixed cost base, I would expect OO to have negative EBITDA in H2.
Half yearly results state losses are consigned to the past. This is a typical OO BS statement that confuses PIs. In reality they have been very careful to promise positive EBITDA over the full year. With H2 likely to be loss making, it is not surprising the SP has been laid low for 6 months.
Let's just hope that next year is better and the claim that 90% of the guided 50M revenue for 2022 is firm and not subject to delays. if so EBITDA will return and the SP should rise.
Please don't block the BB with this nonsense. He wouldn't have purchased at 26.5p if that was the case and no CEO wants their SP to be decimated by 60% from the peak. Fact is confidence is shot. It is not some big shareholder who has magically been selling unlimited amounts for months on end but everyone selling on the back of no longer believing the blarney and seeing missed deadlines and underwhelming financial results compared to guidance.
We've heard this 'SP is low due a seller' and will rise once cleared' nonsense how many times and for how long? Best part of a year. No IIs on the books in any meaningful size for how long? 1 year, 2 years, who's counting but certainly none with sufficient firepower / selling in sufficient volume to justify that as an excuse over such a protracted period. O'Spiel put that foward months ago and a) you believe him? and b) you still think it is the case?. Confidence is shot. Simple as. Telling all who will listen that OO will be woth a bn and the latest joke that POLB is comparable to the German company that has risen 15 fold and is worth 3.5bn. He should pull his trousers up and give his mouth a chance to do the talking.
Looks like change in leadership or white knight needed here now.
Confidence in O'Spiel is shot to pieces.
Been listening to charlatan o'spiel too much. Give it a rest and see what's actually delivered.
Agree. Need much more than this. A charlatan full-o-spiel.
Another Arthur Daly cameo. Embrassing.
Hope not. Just get even more blarney.
What type of CEO says SP up 50% every 6 months, repeatedly over many months only for SP to be down y-o-y.
What type of CEO says for 18 months cash rising strongly month on month (a rate of £!m/month was mentioned at one stage) and in most recently interview quotes cash balance of £15m as 'evidence', forgetting the fact OPRH did a capital raise of £12m over a year ago. Sure the same tosh will be repeated at Wed's presentation.
What type of CEO states repeatedly that highest salaries are kept at a reasonable level (140K/year) with no stock options but then discusses ORPH being a future 1bn company and then, outside control of remuneration commttee or shareholder votes, awards management 5% of spin-offs as 'motivation'. How much are the 5% worth. Either the diatrabe about remuneration levels is ****'n'bull or the 1bn future valuation or most likely both.
Simply too much blarney. An emperor with no clothes. Result is no credibility and a crushed share price. Shame as should be a good CRO company.
So only positive ones allowed then..? .. that doesn't seem particularly healthy or useful.
Two weeks ago CF said he would be buying shares in coming days. Since then nothing, SP has fallen more than 15% and people are rightly questioning why he said anything when he could and should equally have said diddly squat until he was ready to do. Perhaps it was all part of his plan. Who knows. Credibility is lost for little benefit to us PIs
3 mins into presenation, which was Thurs 8th June he said:
"I was hoping to buy a substantial amount of shares today but unfortunately there is a little bit more information that leaves me an insider so within the coming days, as soon as that last bit of information that stops me, makes me an insider, you will see an announcement where I am going to buy a substantial amount of shares, so that’s been well flagged, is not an insider but unfortunately there is one last bit of information, not to do with out Poolbeg spin out but unfortunately Directors cannot buy share when there is any substantial newsflow outstanding so let’s get that last bit of positive newsflow out the way in the coming days, later this week or early next week, then I am putting my money where my mouth is….."
Sounds like more BS that's not being followed through on. BS can baffle brains for a while but this is latest in a long line.....
Mar 20: DIM will be done in next 6 months by end Aug 20.....
Autum 20: DIM will be done by end of year....
Late 20: Q4 will be profitable, Q3 was going to be profitable but we pulled forward some expenditure to make some investment in the business.... (level of Q3 losses say different)....
Apr 21: there will be announcement on spin-offs by month end.....
I could go on, if I could be bothered.
Not knocking the overall direction and reason to invest in OO, just don't understand need for repeatedly offering up statements that don't come to pass. It becomes damaging in the long run. Maybe this is why OO does not have IIs on board in any significant way.
No it's not.
Only feeling I'm getting is too much Blarney.
Not as much as some of the numpty's posting on here..... Yesterday, wasn't someone predicting H2 revenue of min 25M... rofl.
Completely cluelss.
Ah ObsKen, we can agree on something. Sad news indeed.
At least dreary HSE stats may not feature so prominently in next operational update.
zzzzz. you certainly sound like a broken record from 15 years ago. SP rises 30p or 15% after results that you ignore, drops back 7p that you comment on and goes up 7p again that you ignore again. being bitter and twisted doesnt get you very far in life.
Only 'lost on KMR' smells of BS to me.
Following a reasonable update, 6-7 posts one after the other after months of silence of "down, down, down", "dividend slashed" wasn't useful. Funny how market disagreed and SP went up more than 10%
Dividend was maintained in a world where most are being shelved.
As for insulting other posters - look at your last post. Where the hat fits. I don't go as low as you.
Wow, ur the man, only lost on KMR. More like lost a packet, realised investing is not for you and never invested elsewhere. At least you've got one observation right.
zzzzz... a pair of broken records. You can't see the wood for the trees. SP up more than 10% on back of this update. No wonder you keep losing money on your investments.
Think bottom was June sub 2 quid (1.80), same time u's were promoting PFP at 2.2p (now 1.1p).
zzzzz