The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Newbof
Exactly my feelings on this one, not worth a significant punt but if they pull off a satisfactory deal, the upside could be fun.
We shall see
GL
Soon hopefully
Looking at today’s trades, nearly all sells are bots and buys O
I’ve added more today on the basis shorts are decreasing and it’s March, another Tennet award is due and once this does turn the corner ie: cash flow sorted and finance in place to execute the projects awarded, as stated by the CEO, PFC has a bright future.
GLALTH
Deepvalue
Perhaps my choice of words was wrong
What I meant was JD could have sat back and done nothing and possibly the company would’ve ended up in administration at which point he could have rescued it on the cheap. Instead he’s gone public with his intentions to buy.
It’s more likely now that JD considers the cost reduction is working well and he believes the company has a bright future and now is an opportune time to make a bid and get his company back on the cheap.
Although he has been buying shares for 70p+ over the past 12 months it doesn’t suggest that his bid will be the same or even be accepted by the board at that price.
Meanwhile the MM’s have another 20 or so trading days potentially to play with the SP unless of course the bid comes before the deadline.
Just had a wild punt on this as it seems today is D day!
Watched ESKEN for some years now, the decline in SP is phenomenal. As of this morning I’m now holding just under 1.1m shares, an all or nothing trade which I accept may well turn to nothing but worth a punt if ESKEN can manage a reasonable settlement.
Lots of opinions over the weekend, some trolls claiming CVA etc.
If JD wanted to liquidate the company and by it on the cheap surely he wouldn’t go public with an intention to buy it now, the SP was in serious decline at an all time low after poor results. Whilst if possible to enter liquidation and buy the cream on the cheap would seem a more cost effective way of acquiring the business, this clearly isn’t his chosen route.
I therefore believe a bid is incoming, could be any day and any amount but with effective cost savings ongoing and working the current Mcap appears to low?
Can anyone shed light on the reasons PFC was delisted from the index?
I’ve researched main reasons generally which aren’t pleasant but can’t find why PFC in particular.
Great to see Helikon reducing but only Helikon isn’t going to cut it. Volume on delisting day were immense so I was hoping to see more than a 0.3% reduction.
I expect many PI’s got spooked on Thursday and sold a loss but the SP has held relatively well, probably because Helikon was buying its exit.
I’m spooked but not enough to dash for the exit and am considering buying more, I reduced around 33p and was guessing we may see 25p again which we have but the delisting from the index is holding me back for now.
GLALTH
Very reassuring that we didn’t drop actually. Would indicate as some allude that the shorts did indeed take the opportunity to reduce their exposure. They’re probably as bored as we are. We will find out on Monday. Meanwhile it’s holding up.
Also, curry’s immediately rejected an offer and the SP reset to the offer price immediately, twice!
If JD offers 80p and the board rejects it the SPwill be 80p until he revises his offer. The only way it’ll drop is if he walks away? Very unlikely IMO