The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Rock8
Totally agree, disproportionate drop on news of a possible small loan. But some poor souls will have panicked and sold a loss.
In my mind, the wording of that RNS had a negative tone, not sure why but certainly todayās drop was over cooked. Of course that doesnāt mean it wonāt drop again tomorrow. Who knows? I clearly donāt as I bought a few more at 29.04 this morning and am currently sitting at an average 34p
I dare to say the direction of the SP from here is up.
If no bid then surely 15p or perhaps below but the clock is ticking once again and bid speculation is due to start again soon. Anywhere from 70p to an unlikely 400p will be the cry
Novice20
This is a simple one.
The CEO and founder of superdry intends to make a bid to take the company private.
Heās currently holding 27% of the stock, if he goes over 30% heāll be obliged to make a cash offer at the highest price over the past 12 months, would have been 130p ish in February but nearer 100p in March, usually the bid carries a 20% premium (usually).
Heās kicked the can down the road until the 29th March hence the nervousness of PIās and volatility of the SP.
you either think heāll bid or not but considering the SP is close to all time lows and the business is busy restructuring to save costs and build a future, in my opinion, for what itās worth, a bid is likely. Lots of nonsense in both directions posted on this board so keep an open mind.
All the best
Rock8
Iām not that advanced, Iām using IG for instant quotes, mostly because itās live pricing and simple. I literaly Couldnāt get a quote for any amount over 1000share however could sell the lot for 28.6. To me that says the market wants my shares. Theyāre welcome to them as soon as the bid comes in!
This board is toxic mostly.
Just trying to buy a few more and it took me several attempts, managed about 5 trades at 29.04 of 1000 shares at a time, wouldnāt quote a higher amount. Sell is easy, that says a lot to me.
Takeover bid is coming, how much, only JD knows.
Just put my toe in the water here after reading the update. Seems like a business on the turn.
Appears the increase in outward cash flow is primarily due to cost cutting measures and the cyber attack. Strong revenue, cost cutting and a healthy EBITDA I particularly the low EBIT ratio.
Liverpool
Honestly, anything can happen with PFC, they could drop a great RNS and youāll double your money in 5 mins or it could trickle down to previous lows or below.
If you want something more reliable Iād suggest Vodafone with a 11% dividend and currently very low SP or gamble with Superdry who might get bought out by the CEO??? Take your pick but good luck
Omarās
I resent your statement, Iāve been long on PFC for a few years now and feeling the pain.
Janbo
Fair enough and I havenāt completely sold out but after reading that report I feel the risk is increasing. Iāll keep my reduced holdings as I can afford to loose it and watch for a recovery. If I see one, I may miss the initial bounce but if itās a genuine bounce itāll keep going. Thatās the risk Iām prepared to take for now.
I genuinely wish everyone well with their investments
However you read it, itās not good. D4E highlighted, regardless of the order intake if they canāt borrow the money to execute the contracts, theyāre worthless. It looks like there is a future but itās a way off yet. PFC have a lot to prove and that report suggests theyāre continuing to fail.
Sorry but Iāve lost too much on PFC over the years and this reads like a nail in the coffin. You can only kick the can so far down the road.
Still some worth left but not for long. Iāve just sold all my holding at a loss, was a gamble, didnāt pay off. You win some you lose some. Wonāt be worth a carrot soon.
Theyāve basically restated what was said in December, drawn a line under April but no specific date in April yet. Gives the shorts atleast a month to play with us and position themselves. Not expecting a great set of results for 2023 but these legacy contracts were supposed to be completed end of 23 or early 24. I dare say another Tennet award will be announced with the update.
A lackluster RNS, however it would appear that Carlyle groups hard ball has softened. I think that alone is promising. March 4th was very specific and what seemed a make or break deadline.
Now, with the lack of a specified date, itās open ended.