Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Also means he is not aware of upcoming market moving inside info, so no news for a while yet I think.
So you don't think 40m or 50% wiped off the market cap is botched? Righty ho...
This wasn't planned. He is gone on the same day as the announcement (maybe even before). They haven't got a replacement lined up so undoubtedly this decision to exit him was done on short notice. Now they say in the RNS nothing to see here in accounting so one has to conclude this is as a result of the botched fund raise or because a shareholder insisted somebody carried the can.
Either way seems to me like a buying opportunity. If I were them I'd get the Q3 numbers out soonest.
Somebody has poo'ed their pants on this news. Can't say I can see it materially changes anything vs yesterday unless again someone knows something
Or maybe (I would hope) Orphan said enough is enough given they are 40m down over the past 3 weeks.
I suppose he paid the price for the fund raise debacle.
Today we had 0.3% of the company's shares traded and 23m taken off the market cap. They say London has become casino and when you look at this it's difficult not to argue.
On the other hand at some time it will cut the other way. As SMS said, good businesses will out. He now needs to demonstrate he has a good business.
FT
The 7 analysts offering 12 month price targets for S4 Capital PLC have a median target of 135.00, with a high estimate of 250.00 and a low estimate of 95.00. The median estimate represents a 99.70% increase from the last price of 67.60.
Suggest you switch off mate.
There ain't nothing positive going to happen here until there is some corporate action. In the mean time it's become an algo trade. . Personally I have just resigned myself to leaving what I have in here until it recovers which I believe it will do eventually. No point selling at or close to the bottom.
I noticed they are reporting that payers are paying 250-260 per RX. Issue is it's only 50% and the rest are basically at zero revenue through PA schemes. I suppose to look at it positively we can take it there is no resistance to the price from the payers. Hence we can see why the need the additional resource to get the other 50% contributing.
40 odd% down in 24 hours, takes some doing particularly when your multiplying the sales. BOD should be ashamed. Alternatively this s done to keep AOP sweet and helping them average down. No idea whether its incompetence or deliberate.
Good post Shandy.
Got to try look through todays shise and at the mid term. It seemed to me that they were always coming back for more cash I just naively expected to to be a a higher SP. That said if they are announcing they will not hit their previous FY RX number then they had to do it now. If it helps them accelerate then its worth the pain today.
My other comment would be they need to have a think about who is advising them. Thats twice they have raised cash cack handedly and I would have thought their brokers could have done a better job than this over the last weeks SP rises
We can bleat all we want about market abuse but sorry to say this is Britain today where corruption is endemic, (for example PPE contracts for pub landlords and bra baronesses) and the chumps at the bottom of the pile, in this case pi's, carry the cost.
Down even more this morning mate. I share your pain. I think this is heading to single digits.
Gils “optimistic” outlook has come home to roost.
Don't understand why you would be selling this morning after a 35% price drop in 2 days and on the back of this mornings trading update? it makes zero sense to me, but I'm first to admit there is much in this world I do not understand. Presumably these are PI's who have bought in the last weeks run up and are now bailing at the lows.
By my calculation the dilution including the new warrants is c12% so price move vs pre corrupt trading looks overdone
meanwhile in the results themselves there is lots of good news in the sales rate, NY and California market access and number of docs rewriting prescriptions. They have momentum and to my mind the rest is noise
"I am an accountant JAddams. You are reading the net net line of 42m and conveniently ignoring the line literally direct above that says end period net cash 240m…. Weird how you can’t minus one number from another but claim to be able to read financial statements."
Thank f you're not doing my books lol
I am as critical as anyone over the self injuries committed here over the past 18 months however to be fair I would imagine Sorrell is thinking very hard about how to proceed given that heis personally down 50m since July and 90m in the past year.
For sure the punters are placing their bets for Thursday but I'm not convinced they will give too much away. The quarter isn't finished so at most they can only update on 2 months and if I were them I wouldn't want to be giving a running commentary on each months sales. So my expectation is a holding statement with a Q3 update in November.
Despite being down a ton already, I'm really tempted to pile in. The price just seems crazy to me. 100+ of EBITDA so just over 3 times earnings, something like 40% of sales. The industry trades at 10x and thats in todays market/economy. Granted I'll need to hold for a couple of years but at this price its surely now a multi bagger.
At any cost it seems