The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yes Marwyn is unconditional only takeover panel block or voted down by shareholders prevents this happening which Woolover clearly realise and have rolled over. The deal leaves us with a company with 50-60m revenue and 10m cash aswell as Marwyn experience on the board. Current sp is crazy low but I'm not bothered in time this plays out.
I make it 19.8% annual divvi with the interim added using 1.22 usd conversion. Not a bad return, easily sustainable and yes trading at a super low P/E
I feel like today will be a good day for holders here with strong results and a big divvi announcement, fingers crossed.
Fantastic results
I can't trade it but another trade just went through so its open.
The nav is 42p if you value the unsold russian assets at 1% of actual value and don't count dividends. If the Russian Market were to open to 'unfriendly' countries tomorrow the nav would be around 500p by my calculation but don't use my figures calculate it yourself.
I myself for months have been wondering what the catch is. I haven't been able to think of a plausible downside outcome, its worth remembering jpm are a huge American firm with a UK listing and mainly Russian stocks.
I'm extremely doubtful of risk from the Russians as they require future investment, stealing assets would be suicide and thus far they have made no indication of this and intact criticised the west. Jpm are well established within Russia and still hold a highly coveted banking license so in truth could probably release the funds from assets if they wanted to.
Jpm themselves could only shut the fund by making us a big offer so no risk there.
The US and UK don't want any new investment ATM in Russia but that is irrelevant. They can't force sale of stock that can't be sold and when it can this war is over so there's no motivation to sanction.
Yes the Gazprom divvi is around 25p/jrs stock, for now it has to sit in a Russian account racking up double digit interest. They will probably attribute 0.1p to the nav for now to continue appearing to be detrimentally affected by the war.
I like both investments equally for value however simply as poly is one company vs the basket here I see this as slightly lower risk, splitting hairs really.
It's crazily low to give the appearance that jrs have pretty much lost everything, this keeps lawmakers and the woke at bay, when the war ends as if by magic things return to normal and you wonder why you didn't remortgage the house.
Hsbc, poly was shut off for a while when the war started but came back. Jr's though is only a sell most days and has been for a few weeks it's frustrating with the price down here.
Is anyone UK based able to get a quote to buy? For weeks now I can only sell which doesn't suit my agenda!
No, again it's the percentage holding in relation to overall fund. The percentage of value attributed to Russian assets with the mark them down method jrs have put in place, smoke and mirrors I like their move its crafty. Confusing to many clearly, the holdings remain the same.