I’ve just watched a recording of Monday’s presentation on the IMC platform, free to join. Worth listening to as the investment chief says their companies continue in good shape which should augur well for the results reported on 7th December. I appreciate the effort they’re making to publicise progress being made.
VC has been seriously out of fashion lately and that has to have had an impact on the share price. VC management is just a part of their business, so hopefully they’ve been wrongly convicted. Their directly held portfolio looks a bit VC but it isn’t to my mind because they have several years of close association before choosing to add to the stable. To my mind an analogy is Coolmore Stud selecting future Group 1 winners.
I heard Canaccord has a worst case valuation 40p. Singer target price 66p. Ought to be a no brainer but that has been the case for a while. I’ve been thinking the poor performance of my shares is karma for nazi war crimes.
RE: The Law Project - their pettiness laid bare10 Oct 2022 16:18
A lot of emphasis on trivial GLP just now, which handily avoids scrutiny of the performance of the company. It takes a special talent to drive the share price down from 96p at IPO to 7.5p in less than two years. We should be concentrating on that. The company PR spin has gone into overdrive since Friday but note that Walbrook PR were also in the thick of the Omega Diagnostics debacle.
RE: The Law Project - their pettiness laid bare10 Oct 2022 14:11
Pyrrhic victory at best. ABDX shares are worth a few pennies and they have only got blanks to fire at GLP. I think the company is using GLP as a scapegoat in an attempt to mask poor performance. ABDX was launched on AIM at 96p and is down to 7p less than two years later. It must be one of the worst performing IPOs in history and that has nothing to do with GLP.
Good RNS? Just recycled guff from Friday. What good does it do continually whingeing about GLP if they're not going to sue the ass off them? It simply makes the ABDX directors look like patsies. You could also argue that they're protesting too much and perhaps secretly think they got away with one.
I thought you’d be up on it but ‘23.75p was too tempting just before divi pay date’ might have caught out newcomers. We Germans are scrupulously fair in our dealings with others unless we work for VW or the Bundesbank. The funds including VT are ignored in company valuation (half net assets while not including anything for the fund management business) so not a showstopper).