The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Look at the forms from Blackrock. They are buying API and selling CREI using cash settled derivatives. I believe they could be making a profit on the price differential. As I stated earlier.
Cheers
GLA
Take a look at the trades. It's mainly the funds playing with the shareprice and manipulating a profit pre merger. I reckon it will correct as soon as the merger goes through. Just my opinion. I have a good size holding in both shares and have voted for. It was an easy decision.
I am sometimes perplexed by the share price movements here. I saw no real reason why we stopped rising at 50p ish, and then why we fell from 48p to 43p.
Just looked at the OTC market data. It appears the US market shorted PTAL at those exact points. Currently over 6m shares short, which they need to buy back at some point. With a strong update this week I'll be now watching the short data closely, as there should be considerable demand after another 2c dividend IMO.
Yep and looking back previous announcements have been on 13th 8th and 11th the month before dividend. So looks very much like next week. In which case with the excellent production recently and stable oil price, 2c is looking more likely. Here's hoping!
GLA
Just finished watching the presentation. Very interesting to see the company in context.
A few take aways for me.
Mentioned that he hoped they may be able to pay 2c in March, but does depend on how the cash is in early March. Did say investors like the base 1.5c dividend with a top up if possible.
Wants to maintain a $60m cash buffer, with no debt.
Mentioned a couple of times towards the end the target of a $2B MCAP and how that could be achieved. My calculation is by the time we get there we will have less than 800k shares, ie. £2.50 a share.
Committed to buy backs as well.
Some nice background videos and graphs!
GLA
Could you stop posting Sotolo until you buy back in or close your short? Not at all interested in this shorters whinging over something that was previously announced, thank you.
Cheers
This has always been advertised as a minimum 5 year hold. I'm lucky enough to have had this on my radar for a while and feel this is an ideal time to accumulate a long term position. I have a strong feeling we won't stay under 60p for all that long. As soon as the current issues are resolved this should climb back up quickly. All IMO.
GLA
Wrt fees, I don't buy under £1k, normally £3k trades. That way the max fees I pay is £6 plus stamp duty, or a max of 1.1% of the purchase. For a £3k purchase only 0.7% fees. Even very large transactions incur the 0.5% stamp duty, so buying frequently or one big doesn't add a lot IMO.
I agree JTS13. I'll be making small top ups over the next year. Only started a small position a few days ago and bought 5 small lots so far. This board is going quiet which is good news. The share buy backs will take time to have an impact, but they will when volume drops off. Crazy that only 8 months ago they issued 32m shares at £1.55 and now buying back for a fraction.
GLA
Thanks Starbright. Very useful and I've also taken up a small holding there. As well as the regional diversification I like the cash position.
Here I think the buybacks will be good, once they start. I believe they may need shareholder approval?
If you read the KID you'll see that this is recommended as a long term hold, and short term volatility is highlighted. Buy low. Sell high. Personally I think this is a perfect opportunity to buy. It is just my opinion and certainly NOT advice! DYOR GLA