The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"when this was a screaming buy around 70"
Yeah I bought big time then. As I said then:
" I'm of the view that this is cheap and have been buying all the way up from 69p."
They were producing about double the amount of oil as now, the pipeline was open and they were being paid with clearly understood contract terms. They had an agreed FDP. The off-balance sheet CRP asset was multiples of what it is now. All you had to believe in was a recovery of the oil price. Since then a lot of capital has been paid out of the company. Different times...
While somewhat irrelevant, BroadfordBay, and TM, is correct. He is not a member of the board (although, as noted, we can expect him to be appointed in due course). He participates in board activities as part of the Technical Committee (as does John Hulme who isn't a board director either). In any event, he is a "person discharging managerial responsibilities" (PDMR) and the company is required to make the relevant disclosure. 20k for a person in his position is neither here nor there.
It's good to see the technical support (albeit weak) at 94 'n change hold up. Let's see what happens. I'd still expect it to be tested again. It seems clear that management and the board haven't got the balls to get started on a buyback before the quiet period ahead of FY results and that's the bid we really need to see. Maybe with the results in 5 weeks or so.
LOL. GKP I went bankrupt in 2016. Down in flames. The then shareholders got a sprinkling in GKP II for their ashes to keep them quiet and ease the restructuring. Forget about GKP I. Even from 2016 you'd need to adjust for dividends and buybacks to have an appropriate comparison for GKP II.
"PUTUP's agenda is clear. He repeatedly claims GKP is worth much less than the sp "
Not once have I claimed this. I think it's cheap (and have stated my valuation targets) but currently for good reason. Yes, I should have sold the lot when the stock was over £3. Coulda woulda shoulda. Like everyone else.
So how would a professional look at this?
1. Assume any advantage beyond UK microcap funds is trivial (position weighting just too small to be worth the bother). Certainly the case beyond Europe.
2. Determine the weightings in the MSCI UK Micro Cap Index (sub index for the global one). Is it even large enough to be meaningful?
3. Determine the total funds under management in the top UK micro index funds (active or passive) WHICH ARE BENCHMARKED to the MSCI UK Micro cap index
4. Determine potential passive demand (index neutral position)
5. Compare that with those who already have a position in the company and look at the delta for potential incremental exposure
Since gggg21 has done all this work and concluded there will be large buys as a result perhaps she/he can share the workings that led to this conclusion. Or perhaps the statements were simply guff. I'd bet on the latter.
And how much to the Micro cap index? Hint: the largest micro cap ETFs in the world don't use this index. Inclusion in this index isn't the same as being included in, say, the MSCI World Index. You have to do the work for this index specifically.
And you are yet another who thinks, when things don't seem to go according to your plan, to blame some external actor whom you accuse of conniving to manipulate the market for their own, 'big MM' or clients benefit. Muppet.
Good luck thinking there will be 'big buys' from inclusion in that piddly index. Answer the three questions below before you shoot your mouth (and foot) off.
"The shorts may have been deliberate plot to get price down for the funds or that fund to be buying shortly"
What a load of boll*cks. The shorts are computer model driven funds. Some of the cr*p I read here is extraordinary.
How much money do you think tracks the MSCI Micro Index?
What do you think the weighting of GKP will be? (Hint: there are over 6400 constituents (6419 currently prior to the upcoming adjustment) and the tenth largest has a weighting of just 0.1%.)
Based on the answer to the above two questions, what do you think the passive demand for GKP will be as a result of index inclusion?