The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
HersHoping - but what about the drop from 36p to 21p on nothing? This cant be priced less than the poor results previously!
Pathetic initial reaction
Pre market 31p ...
This two figures are stand out:
o Rest of the world stores revenue up 58%, with growth primarily due to weak H1 23 comparative revenue in Germany and Turkey.
o Distributer revenue grew 65% primarily due to weak prior year comparatives related to overstocking, and new distribution in Middle East.
Its more than should, the industry standard in 10-15x ebitda and for a growth company its much higher. At a simple base level bare minimum 15m ebit is £150m mc no arguments, So double the SP.
Wow what a turnaround! EBITDA, up £14.3m - smashing it! That’s worth at least 60p on a x 10 multiple. more like 80-£1 in reality.
All depends, 50p is only around 10-12m ebit, easily achievable. All depends on the sales profile and fls. Remember this was 3 times that at its height and the company is much larger than it was then, with a huge amount of new contracts added. They just need to turn that into 'profit'.
This defo looks like buying on inside info of the numbers .. where else would it be coming from. Illegal, naughty people ...
Yep. Its gone far too low. At 80m mc they only need to be breaking 5 or 6m ebitda to justify the current mc. In the past 20-25m was the suggested current state achievable ebitda. Which would provide several x the current SP. The next few sets of results should easily build back to this. FLS also all important with the up and coming results to suggest a growth trajectory back to this level .. that buyers will then be in on future outlook. It depends, however, if Boo et al want to provide a rosy picture at this stage for their own shady strategy .. SL
Nice to see a bit of movement, its likely those in the know of the results so should be good .. or better at least.
Still here for my sins, this is not the way i expected the SP to go in since suspension .. will continue to hold.
Really useful post, thanks for that
Another RNS reversing it?
Yep now free to move up. Knew something was holding it back
Brand new account to post on here and you agree the price will dwindle downwards .. interesting hmmm
This is cheap as chips, new outlets, products and geographies added continuously .. this will only move upwards over time.
Its a turnaround story and takes time, and there is always the possibility of an offer for the company .. its primed for it.
RNS chasers buy and if the RNS doesn't produce 200% they sell. Value buyers will take them for the medium term from them. Its an easy hold and ive added more.
Sell on news brigade. Onwards and upwards over time, its undervalued and an an easy hold for the foreseeable.
Yes they are out all good!
All good ...