The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So current P/E around 8 on these very good numbers.
It's a pity they didn't have the confidence to say, "a final dividend not less than Xp" will be announced in January, thereby giving the fund managers a clear picture of the yield they will be getting.
Very good to know that the 3.8m share buybacks were at a price of 214p ... so we're already up almost 1/2 million on those transactions !!!
Simple - that might be DC ploy ... to wait out the deadline to delist !
After all he wouldn't get the 75% vote required to do it the legitimate way !
It was 30th June 2022 (the last day possible) that we got the FY'21 results published ... since then we have not received a single shred of credible financial data. We've had DC platitudes about #shows ; #ticket sales ; #sporting events or art exhibitions but not one single $$$ figure about income earned or costs incurred ... what a joke for a "listed" company
Jansonb - I'm in a similar boat ... got an average north of £1 ... but I'm sticking to my conviction that this is worth 125p !
Even with the gloom of lower production and prices for PMG's I have to look at the fact we're trading on a p/e
This share has basically become a free option on the Toliara Project or some magical new resources at Kwale. The share price is pretty much the cash balance in the company and the likely distributions in 2024 if Toliara doesn't happen.
If Toliara is green lighted then BSE becomes a £250m takeout target ... place your bets on how likely you think that is !
Niklol - there is a possibility that somebody has insider info .... but I doubt it.
FY23 has completed so a bit of speculative trading could be occurring ahead of FY trading update (which we got on 25th Oct 2022). However volumes are very low so I think market makers just don't want to be on the wrong side of results announcement. I don't expect a bad announcement, otherwise I think the BoD should be warning the market, given how positive the last few RNS have been. I suspect we get a very healthy bounce in next couple of weeks, but DYOR
Crazy sell-off imo
HY23 : Rev 200m ; EBITDA 44m ; PBT 15m
FY23 : Rev 460m ; EBITDA 112m ; PBT 52m implies H2 23 : Rev 260m ; EBITDA 68m ; PBT 37m
... just look how much stronger H2 23 was than H1 and now consider how this might play out in H2 24
HY24 : Rev 220m ; EBITDA 51m ; PBT 24m
Sadly I think it's time to recognise that I've lost about £50k on funding DC's lifestyle.
The pity is that the lego business is probably worth about £15-20m as a stand alone entity without all the other rubbish, but we'll never see that value. Unfortunately the lax regulation by the FCA will almost certainly allow DC himself to buy the 'bricks' out of liquidation for around £3m, which he'll "pay for" by relinquishing his claim to the £5m "value" of StartArt.
He's a scam artist through and through, I knew that, we all knew that, but we hoped that his greed would also make us a bit riding his coat-tails. I trust his fanclub are starting to see the light !
All last week there appears to have been myriad tiny trades but only one trade for more than £1000 !
... and yet the price went from 2.20 to 3.20p and back again
We'll have to wait for some more bona fide news to be leaked before another proper rise to reflect true value
Buying a £3 birthday card online and having it mailed to you for another £1 ... is not the future of any low cost items.
When interest rates were 1% and expected equity returns 3%, then a p/e of 25-30 made a degree of sense. But with rates at 5% and required returns around 7-8% then p/e needs to be 10-15. MOON sp needs to drop below CARD for us to see fair value ... this should be 125p after results get announced
So MOON will report on 19th Sept and CARD a week later. I still believe these two have to converge in share price at some point .... we got close back in Feb. Unless something mystical has happened, I believe CARD will show higher revenue, higher profitability ... and probably higher growth again. I'd like to think the convergence will be around the 150p mark.
Price has dropped 10% in past month since a very positive update. This time last year BoD announced PbT would exceed £10m and they actually hit £13.5m ... this year PbT of £13.5m has been announced a month and a half earlier before the back to school busy season. I suspect this won't be trading on a p/e of 3 for very long when the next trading update comes out.
This has for a very long time seemed to be highly underrated and by my estimation the sp should be about 3x higher. However having an AISC above $1500 is pretty grim and is, I suspect why the price is so deflated. Spot gold drops from $1900 to $1750 and our profit halves ... this is a highly leveraged play on gold price. I've spent 4yrs waiting for this to come good ... I can afford to wait another 12mths
I suspect you're correct that this will be a stitch up which will yet again show that the shareholders don't actually own the company, rather a corrupt BoD can do as they please. When a director has shown himself incapable of running the company he should be disbarred from buying it out of administration ... or at very least the 'shareholders' should be able to determine whether they want to accept the terms of the purchase. Personally I'd rather see the whole thing fold than allow some scumbag to take the whole thing on the cheap
I'm heavily invested here and holding for a decent price increase, but I think those who believe this is a long term dividend play need to remember why Anglo spun this off a few years ago. Throughout the 2010's coal was a marginally profitable business with the av price around $100, during a period when there was far less negativity towards it's use. from my perspective it is not at all impossible for prices to revert to that sort of level (or lower) in 2-3yrs making this a loss maker.
The huge dividends and price rise from last year mean this stock has already covered my initial investment several times, but if I was sitting on an average around £8-9 I'd probably want a £2 annual div to feel confident I'd get out of this with an overall profit
Haven't been looking at this BB since the suspension ... but decided to catch up today.
Although 3 weeks ago, nobody seems to have commented on the truly atrocious terms of the loan to get London concert funded. £1.65m bullet repayment for an initial investment of £1.25m and a term of (probably) under 3mths. Doubt whether many 'knee-capping' Glaswegian Loan Sharks charge that much interest !!!!
This really is DC's lifestyle company and shouldn't be listed (oh it's currently not !!!)
I agree, very peculiar. Price here is about the same as on results announcement date and yet the shares no longer attract the 45-50p dividend coming in November. I'm happy the company are continually buying back shares sub £15. All the more chance that my own holding will revert to £20 when the value here is recognised
The good thing about EUA is to remember that Suschov & Schaffalitzky purchased their holdings at below 1p.
So for his 25% Suschov has only got about $5m skin in the game. Whilst he might have had delusions of being a billionaire Oligarch a few years ago, he's in the position now of knowing that if he allowed the sale of Montrachundra for as little as $200m he'd still end up with more than enough money to live out his days in luxury. His inside knowledge of nefarious Russian political machinations make me quite comfortable that us PI's aren't going to get totally screwed. £1+ might never happen, even return to 40p is a long shot, but ten bagger definitely on the cards if Suschov gets tired of waiting
Well Edward, it seems that the seller of 35000 shares back in March only needed to buy something that didn't drop 50% instead !!!
Some old timers like me will remember that SRB had an issuance in Mar '21 @ 75p which with the warrants being given away seemed like a dilution !!! Since then it's been a gradual erosion of 70% of share value. I still feel a market cap around £60-70mm is fair value ... and we're hopefully going to see much increased output. Maybe after 4yrs of holding I'm finally going to return to profit !
These past 3mths have seen a disconnect between CARD & MOON that is hard to fathom
Back in last week of April Card was at 110p and Moon at 130p ... and I was sure convergence was a matter of weeks away
Instead CARD announced FY results with higher revenue, higher net profit and faster growth than MOON
... so what happens CARD back tracks to 90p and MOON surges to 170p . How long can this irrationality last ? Thankfully I don't need to sell to stay solvent, so I'll just hold until mean reversion occurs