The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Not sure what management is doing. non core assets are worth 400+ (give away will be more than 300+)if valued correctly.Company will make money from there but how many losses they are hiding is the question now dec onwards.
Just a review
I think no one will invest in this company with out looking into results. even the debt holders will look into results before investing. But if it happens along with the results , it is all known to them. Massive D4E means current major holders will be minors and will have little influence unless same people are debt holders.
It is next week as per yahoo not monday.
Earnings date 29 Apr 2024 - 05 May 2024
https://uk.finance.yahoo.com/quote/PFC.L/
Does anyone know the results date apart from end April?
Just checked website and there is nothing yet
https://www.petrofac.com/investors/results-and-presentations/
2024 it was the last Thursday of April.
D4E means dilution
Major share holders investing along with new share holders means further dilution
Dilution means share price is expected to go down and is bau.
Every few days there are new rampers here. A few days ago there was omers. not seen him for a while.
I know nothing about shorts but just little bits. I dont think short means bet on share price only and not taking into account the number of shares in issue.
Otherwise all shorts will buy where ever there is dilution/rights issue on its way. just simple logic makes me think and could be reason for shorts to run away.
Not sure if they can wait for months. These performance guarantees are to be in place for company going forward. Also this is a tool that bod/management is using to hammer PIs.
Current holders at the end of a couple of spirals will only hold 20% of the company if lucky(58% as of now)
Debt will explain the story and If it is still going up no point keeping it.
That is the point . They have let it go down to get it cheap. Imagine if you invested as a debtholder and i invested as a shareholder a year ago. You are going to buy shares at below market rate even when share has fallen nearly 60-70%. and what will i have.
They could have issued rights at 70,60 etc .. They could have sold part of business . They could have done some belt tightening. They let it drown to get it cheap.
Please some one correct me if i am mistaken,
If D4e comes at a premium of 10p that makes per share at 13 p to a debt holder.
Now if new float is 525 million which is equal to current float. So some one will own half of the company in around 75 million .
Why didnt the board tried selling half of the company etc or put the whole bit on sale. I am sure that will generate much more then 20p a share.
Just non core assets are valued more than 300 millions.
It seems they want to rob everything from PIs . I have no faith in this BOD.
For all shareholders Please have a look and read what rampers have been telling whole day.
https://www.fitchratings.com/entity/petrofac-limited-91460297