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Taking account of the dilution £2 is 33p today. The other difference is today we have a company actually selling with revenues and a route to breakeven which was not the case 4 years ago, only hope. So 33p is the minimum I expect to see by the time they report FY23 and if at the same time they report b/e by 24 I think your looking at 70p by the end of next year.

Bit of a disappointing end to the week chaos. Volatility is still uncomfortably high. From 155p intra day Wednesday to 138 today almost back where we started the week. SMS needs to get this sorted via II buying. They have mentioned investor road shows frequently. Doesn't seem to be having much impact so far.

*in our money

SHEIF OTCX

10p is our money

Good to see us not he leaderboard today. More to come over the next year or so. I too think this is a multibagger, assuming it doesn't get taken out too soon. For sure it will at some point but will spend on founders and AOP averages and pre IPO funding.

I think they would hang on until the valuation is fully reflecting the US market potential.

Liked his jacket :-)

Your post didn't age well mate, less than 12 hours in fact.

Average asking rents for new tenants in London shot up to a new record in the second quarter as rampant demand and higher mortgage rates prompted landlords to hike prices. Tenants in the capital are now being asked to pay an average of £2,567 ($3,310) a month — up 13.7% from a year ago and by 28% from the same time in 2019 before the pandemic.

Regarding the sales rate, again the H1 number is almost exactly in line with Hardmans estimate. So I think it's all there or thereabouts vs what they have said previously. Shields own low estimate for the year was 125k whereas Hartman were at 140k.

Agree is still a big ask but what is clear is now they have momentum and its simply a question of time till this is at 50p.

The cash on hand at the end of June is almost exactly in line with the Hardman forecast in their last publication for he position at the end of May. £19m was gross and at that time there was 12m of debt and the debt is now only 4.5m although I agree that the statement is not particularly clear. What is clear however is the unchanged statement of breakeven in late 24 with current level of cash and sales run.

Looks like it was written by Chat GPT!!

They should give Norgine the heave ho asap. US result shows what a complete failure in performance on their part. Give it to Viatris..

Yay!

So definetly worth a punt! If they get it to work over the next year its 5-10x IMO

Back in 2019 just after FDA approval Shields highest market cap was 236m, equivalent at todays share count of 33p per share. If you out to one side all of the intervening s@@t and only look at where they are today, earning, Viatris partnership, etc etc, then you have to think the future earnings potential is no worse today than it was then. 5x from where we are today to be where we were back then. And whilst the share count has increased 6x the float has declined significantly as AOP have increased their stake.

Hi Auson,

Have the notifable short positions declined to any extent?

Great post and link. Thanks

Very interesting read!

Could have seen an MBO a few weeks ago but with current rates and risk appetite I think raising the cash would be a tall order. M view for what is worth is we had a seller wanting out at any cost and now it’s over we see the elastic snapping back.

If the H1 numbers are in track we’ll get to £2 before the end of the summer. Look at the rise from 116 last year to 259. It took less than six months

Starvinmarvin, unfortunately I am, hanging on in in hope rather than expectation..and honestly I don't think I'm sniping vindictively, merely stating facts.

There is a long history here of forward looking statements being made, certainly as far as Guyana is concerned, where ECO are not in control of the delivery. And I don't even mention the solar investment. IMO far better to let the actions talk (eg like Andrew Austin at Kistos). In any event the market has stopped listening, hence any "marketing" by Gil is ignored.

Anyway I'll shut up now as I'm aware I'm being boring. But take the posts of helpful explainers on this board with some salt

Thanks NigeCo

They should be getting stuck in then!

I can understand they wouldn't want to be buying when there is a seller desperate to exit but now the selling has abated they could make an impact.