The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So what information has Shishir been sharing in 1-1 meetings this week that the rest of us aren’t privy to but has caused a huge (further) drop in SP? No one has jumped on here to say they went and it was a great positive catch up. Which means
A. No one who I follow on Twitter or on here went (unlikely)
B. Information was shared which has given the attendees an opportunity to quietly edit ahead of the crowd.
Or and maybe most likely
C. Neither of the above but this goes to show how utterly stupid it was for a company who has Corporate Governance sitting squarely in the needs improvement box to go and have potentially unequal conversations on a 1-1 basis rather than openly share everything in a forum for all.
When we suspended my impression was that everything would be signed and sealed upon relisting but todays RNS implies we are very close to readmission but it will be Q4 for completion of purchase. I am keen to not have the purgatory we had last time when we relisted to a big uplift and then subsequently had delay after delay on approval. Be good this time to relist with everything done - even if it stays suspended for longer.
The second time in a row they have released a nothing RNS. Seems pretty desperate to me. Just stay quiet until you have something to say…. That’s what a company which was confident would do.
Oh, and the Twitter gang ramping this last week….. clearly pumping to sell… why else did the price drop by the end of the week?
I agree - I don't have a problem with a placing but not at this price (although I would have said the same at 31p and yet a placing at 26p then probably would have meant not ever visiting the 20p levels we are at now.
Thanks Zan - Really appreciate your reply. I guess I am trying to stress test all reasons to not invest more. Got burnt with NAPS when they delisted. Only other thing is a genuine liquidity event is happening and we will be the last to know.
Other than the above this is a screaming buy but how long before the wider market agrees? Q2 update? Or later?
Do I continue to top up at what looks like incredible value or do I take the hint that the wider market knows something I don’t….
Is there a danger that the Poddars decide to delist (they are not exactly getting much benefit from being listed at this mcap). What is the vote % needed for such a move and how much do they have? No suggestion this is on the table but when considering risk to what is on face value a screaming buy this is one of the ones that nags at the back of my mind.
2 amateur questions.
1. Why does AET have to suspend whilst completing transaction when I see plenty of other companies making acquisitions and continue trading- Serrica energy for example? I sort of get the first time as my understanding is AET were a shell company purchasing assets for the first time (correct if wrong)
2. Given AET did suspend last time and then be re admitted why was not at the point of the transaction completing? There was then a drawn out period of will it won’t it complete. If you are going to suspend then why not stay suspended until 100% complete.
Makes no sense (to me)
If I hear “short term” it obviously depends on context and helps if familiar with the company but as a new investor to a business previously not researched I would think short term is within 12 month. Medium term within 3 years and long term beyond 3 years. Not many companies have any sort of vision beyond 5 years so I would likely not take any timeline beyond 5 years with any seriousness.
I honestly right now don’t want this acquisition. I would far rather the focus this year is actually delivering production and sales at the 30k level with very clear and obvious increasing cash position as a direct result. Keep the business simple for now in my opinion. Revisit the merger once everything else
Is proven healthy.
Keep getting holdings RNS showing all the buying that has taken place from specific investors…. Yet despite these large buys the sp has been falling in the process so who is selling enough volume to fulfil the buys and yet still add downward pressure? Surely not just combined small time retail investors?
Be interesting to get an answer from one of the buyers on this. Someone is getting it very wrong…. Is it them or the seller.
This is what I mean by “tone deaf” and “humility” how City can arrive on the forums this morning claiming any sort of victory whilst a company he owns 6% of has lost another 30% of value this week and now sits at just 1/10th of the value it was at when her was also banging the drum.
What is most annoying is if he can claim victory on a week like this imagine if it does 20% the other way. Would give a measly share price of .085p (an all time low as of 3 days ago) yet I could well believe victory crows on this forum.
This share price is so terrible that a 5 bag from here would only serve to put this back to mid 0.3s which is still below the “get in the car” comments etc. normally a ramper could be expected to crow about a 5X increase but here all it would at best save a bit if face.
City - you would have been better in donating your money to help under privileged migrants make a better life for themselves - instead you have burnt it on the MOS fire pit and still don’t have the self awareness to either hide in shame or at least acknowledge that you were wrong/have been fooled…
I would be amazed if there is a placing down here. I think CLNs will be next route and that will be the end.
Very impressive.
Love this company sometimes!
Seems like the same thing I dislike (lack of corporate governance and appearance of professionalism) is also enables the thing I love (manoeuvrability, efficiency, ability to do quick and fantastic deals)
Today we benefit from the latter and inevitably I am left wishing I added in the 20s whereas yesterday I was cursing being overly exposed to my TGR shareholding. Classic fear/greed dynamics at play.
Well done TGR 👏🏼
Fantastic to get this just before suspension lifts. If we had got this in isolation I may have been disappointed with slower than expected ramp up but this was already known and good to see them being more measured and realistic with forward forecasts.
Expect to see sp rise today albeit maybe slower than might have otherwise happened.
Love the way this company looks after our investment and money. Just needs a bit more reassuring governance.
Harchris. I don’t see how you have concluded that there evidently was an audit issue when we have all since read the AR and it is a perfectly normal Non Modified report.
What is strange and where I don’t defend the company is given it was evidently a non audit issue (else we would have resisted when the perfectly sound AR was released) then just what is that issue and why no communication to reassure us?
I, like everyone else am baffled by the delay and frustrated by communication but to suggest this is an audit issue is inappropriate given the AR got posted literally days ago with the Auditors signing off accounts as “a true reflection”.
I don’t know why we are still suspended but it is not anything to do with FCA regulations as we are compliant. TGR in my opinion are choosing to stay suspended (for good or bad) and we will hopefully find out shortly.
Very frustrating
Normally 7.00am results, 7.30am suspension lifted. This is not normal in my limited experience.
I suspect it will lift today or Monday with no reason given for delay and no further news and we will be left forever wondering why things are just a little bit different at TGR…..