The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I sold the last lot on Thursday for that morale boosting 400p having let some go just before IP turned up, as I don't want to hold IP shares. I will be watching to see what MNDI's next move is and whether they trump here, as they may be worth a look if they fail here. There's been a number of bid actions recently which leads me to think that corporate buyers see the worst is over for UK equities and their lower valuations will likely rebound this year hence get in now is their call. What now for my SMDS funds - ITV, DLG and PHNX are fair candidates for a recovery this year, or something different with HTWS. Good luck here next week if you're still holding. ATB.
I've waited a long time for a BAB blast so I'm just sitting back quietly determined to enjoy the run. I think it's got a way to go yet.
The detail suggests dividend will increase from here and this year's final will become next year's interim. First read looks ok to me as a reliable income generator going forward.
Looking at the SKG-WestRock deal and how the WestRock share price travelled at the time suggests something around the 25% premium for us, puts us somewhere around the 370-380p which is only where we were a few years ago, hard to judge given current relative low valuations for UK equities. I wonder if there's a possibility of interest from US companies, and whether that, allied with the current low valuations and the done deal between SKG-WestRock spurs MNDI to get a deal quickly.
Hello, looking good here so I bought a modest sum today. Were those late trades yesterday afternoon both buys, substantial if they were and I wonder by whom. Not me for sure, and by the way mine today is showing as a sell here so can't be too sure with the reported data here. Hope I've not jinxed it now.
Agree this has been a scandalous performance over the last couple of days, yesterday we surmised whether the 20% fall was manipulation or someone taking advantage of a little early knowledge, today looks like it might have been a little of both. Poor that there's no reference to director buying, and why state that the discount is 17% to the last day of trading when everyone can see the price had been thrashed down all day yesterday to accommodate that. Would they rather have stated the issue was at 40% discount? I think not, and someone saw an opportunity for a quick kill from it all. What's the point of a REX offer at 8p for me now, great I can buy for below that today and where will it be tomorrow, not sure I'm tempted now down at these levels. With these substantial quarterly increases couldn't they get it away at a respectable 10p instead of 8p. We have an approved product to sell in a valuable market but this seems such heavy weather about it. Much to ponder from today's RNS. Have a good evening all.
Given today's drop I dread to think what tomorrow looks like if the report even hints at anything that's underwhelming. Tomorrow is the RNS day hence to clatter the share price by nearly 20% on the day before is poor by any reasoning. I'm not sighted on the reason for today's fall, be it profit taking from the last few days or an early view of the data trends. Tomorrow better be good.
Those H1 results did look strong and the share price now the same, finished up on ex-div today, looking good. Pardon me here if I shout C'mon STAN.
I agree Mary, looks ok to me. Debt reduction and cash generation provides basis for H2 progress and whilst they aren't blow the doors off numbers, by the same token they are better than our current share price location. FY results will provide a better picture.
Sobering day for holders here, and not the first action like this too. I'm not sure what it is, maybe debt but then I can't see that has changed since we were at 120p let alone 140p and the interest trajectory has been flagged for many months now. The last update doesn't justify this continued apathy, and since then we've also had the long awaited director purchases so I expect we look to the next update and H1 position to see if sentiment improves. That said, a few others stubbornly drifting away with no real news, like BAB. Awaiting better days here.
When I first read it I thought it looked liked Mobydick, hope it's not a prelude to devouring other fishes in this transport sea. Seriously though I understand the the point about being an international operator but I do like the National Express name, and good that it looks we may retain that on coaches, Mobico will take some getting used to. Key thing is operational performance to shift the sp, sooner later we'll move from this level and frustrating though it is to be stuck here, there are others seemingly stuck where they are too, BAB has hovered around 300p for ages, RR was stuck for a while, and NETW seemed only to know the down route until someone rescued me there with a bid - JG I think you know what I mean at NETW - and HAS doesn't shift much from the 120p mark. These sp will eventually move and up to management to ensure it's upward.
Hello, bought in earlier today on the strength of recent updates and directors buys. Seems like a low volume traded stock and my buy showing as a sell below thus the buy/sell ratio as shown on the page should be higher, if indeed there's any credibility to those shown. Let's see how we progress.
Agreed, it's a decent offer. I notice M&A activity has increased recently, KAPE and Wood Group both with offers that have disappointed, and DPH last week too shown a possible offer that seems fairer, and so too NETW with this. Does this indicate private equity and trade buyers think that valuations are likely to rise from here and this is their moment to strike, if so could be an interesting catalyst for other likely candidates. Good to see NETW at this 300p+ level, not used to that. Have a good day all.
Good to see some confirmed interest in the company, and I wonder what sort of price they're discussing. Target prices are some way higher than now, and even at this good rise this pm that has to be seen from a very low base and months of seemingly endless algo bot low volume trades. Yes granted there are some difficult economic headlines but NETW have reported decent figures thus surely something 370+, I wait with breath abated.
Yes, I've noticed this too, if this range gets any smaller we won't be moving anywhere at all. Logically the next meaningful direction should be upward but NEX has defied this for a while thus I shouldn't tempt fate by suggesting it. Best wait for the H1 to progress and the next update to again demonstrate operational momentum, in the absence of any more significant macro headwinds that should prove very persuasive for the sp. In the meantime I'll wait.
"....could get ugly" you say, its not not all pretty now. I do agree the prolonged drop in share price is disheartening and contradicts the recent results. It reminds of another I'm long on, NETW fell a long way on low volumes last year but did recover a lot of that very quickly, I bought more NEX recently and will wait for all this to run its course as long as the company news is decent. ATB.
On the trading update, hmm not sure we'll get one now given the last one less than a month ago along with notice of results for 21st March. That update did say though that 'Kape is now in an enhanced position to accelerate our ambitious strategy' thus lets see that deliver value in stead of the current offer. Cheers.
Still annoyed, I anticipate the Board are seeking views from the other main holders, and I expect those new and existing institutional investors welcomed at the fundraise last year will not be satisfied with this 7.7% 'premium' on their 265p invested, particularly when they understand that the first offer was just 265p and thus no premium at all. They took the effort on diligence then and invested substantial sums, as we all do in relative terms, and will expect more than that. In particular they'll want to know how current trading is going and that the 'accelerated growth strategy' sold with the fundraise is on track, that's why they invested. It's a bit complicated though with one large holder who is the bidder here, from his point of view if he can get Kape for 285p given the low market valuation then why not, and up to the other holders to resist and seek a better exit if this is where its going, or indeed delivery of this 'accelerated growth strategy'. I wonder if the Board will issue a robust trading update in the next few days in our defence here.
I'm disappointed by the proposed deal too, it's not much of deal is it. We were at 299p last month and traded above 300p for months last year, then at the September fundraise we were told it was 'significantly oversubscribed' at 265p and now he comes with an initial offer of 265p for the whole lot, now raised to 285p. It's not really a premium in my book and hard to see much acceptance at this level. Have matters deteriorated so much in the last few weeks then? No. The offer looks too low and the Board should reject it, somewhere north of 325p should be a starting premium for Kape. ATB.
Yes arsenal, let's hope for mid threes soon. This has been a frustrating share to hold and there can't be many shares whose value fell on the day that takeover possibilities are announced and then fall further the day they are terminated.