The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Anyone else notice Eric's big smile on the IMC presentation, whilst he happily answered all the questions?
Is it too big a leap for that smile to suggest that the company is the subject of a bidding war and he was hinting that all our silly little concerns will be waved away with a big pay day??
Thanks WF, I missed it on here yesterday, although so many on here are really on the ball, it was to be expected.
I'm very grateful for all the wise knowledge posters willingly share.
And hopeful of a rapidly approaching respite for cancer sufferers.
It seems BionTech buying InstaDeep for half a billion to acquire its machine learning to help personalise cancer treatment.
https://www.cityam.com/biontech-buys-ai-startup-london/
The presentation this morning was professional as usual.
They explained the reason for no growth in online was due to prioritising inventory going to key customers rather than their own stock, which seems pragmatic.
They said a couple of times that they are aiming to be a £500m business in due course and their investment in technology is paramount to achieve this scale.
They reconfirmed that they aim to continue to distribute 50% of profits as dividends.
Flutter seems to be doing well:
Betting giants Flutter cashed in with a 30 per cent increase in revenue driven by increased gaming and sports gambling.
The US company upgraded its revenue guidance to between $2.95bn-3.2bn (£2.56bn-£2.78bn), up from $2.85bn-$3.1bn (£2.47-£2.78bn), as it announced pro forma growth of 11 per cent in the third quarter .
https://www.cityam.com/sports-betting-giants-flutter-upgrade-us-outlook-with-no-sign-of-slowdown/
Why not Staffline?
https://www.cityam.com/recruitment-firm-robert-walters-continues-to-cash-in-on-hiring-spree/
Bob,
UPGS has a market positioning that should hold up better than most, even in a prolonged recession.
There may be concern over the supply chain because UPGS has its factory in China, however, they proved very adept at managing this through Covid.
I suspect it is not specific to the company and more the general shift away from equities due to expectations of a broad correction.
I have confidence in the management and as you mentioned, insiders are buying, which should add to our confidence.
My view is that UK stocks are less inflated than those on American exchanges and they may not have much further to fall, so I intend to gradually buy more of these.
Unlikely we will see much VAT refund in cash, but the more gold we mine and hopefully at higher prices soon, the more tax we will owe, which can be offset against the VAT they owe us.
Let's see what Eric says in the meeting that's about to start.
Apropos1, PXC is an emerging producer with assets in the USA, so not even producing yet.
As the copper price is likely to recover before they start taking their product to market, you would think that the current market price of copper should have quite such a big effect, but it seems to.
I see their share price is off another chunk today and RMM holding up.
I am watching it to perhaps pick up a few as close to the bottom of this cycle as possible.
Whilst I wouldn't normally post about another company, I find it interesting to see how very similar the share price declines are for Rambler and Phoenix Copper, PXC over the last 3 months. They have broadly similar market caps and both share prices reflect the UK market sentiment and copper price decline rather than specific company issues. They are very different in terms of company stage. I am a holder of RMM but not PXC.
A nice big buy of 100,000 shares at 210 posted this morning, a vote of confidence despite talk of recession.
Could be takeover speculation.
I missed the investor call on the 11th, does anyone know if there is a recording?
Thanks
Interest picking up.
Solar storage in Scotland.
https://www.cityam.com/exclusive-invinity-energy-sysrems-on-vanadium-batteries-and-net-zero/