RE: Numbers11 Jan 2021 09:31
My issue is that as CEO, he should be doing more to support the SP / shareholders.
The communication hasn't been great so far - tech transfer started was dropped hidden deep inside a 26 min presentation and had to be clarified by Walbrook a few days later.
We have had a decent rise for example on the 24th December from the Mologic CE - yet nothing from then and again, we drift downwards with no news - we started that day at 51.50, closed at 66p - a rise of 28% - we have now all but given that away yet we are in a better place - why? Nothing to follow it up, to keep the SP sustained.
Now imagine we get some decent RNS's - a 20% rise from here will take us to just over 60p - if though they had actually bothered to communicate - confirm the manufacturing uplift, the status of the tech transfer etc then we would be looking at a closing SP of 70's, maybe 80's. What I am saying is, the SP is a reflection of the poor PR. I don't want hand holding, but I do want to be able to make informed decisions on my large investment. To see the SP drop 20% or so because of a lack of communication does not instill a lot of confidence in the CEO's attitude to shareholders and thus, the long term SP price.