The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Win/well L+G dont seem to be put off by the CEO selling. I remember when ML sold £5M worth of his Autonomy shares ,the SP took a dive(that was when the SP was about £5) many pi sold out,a few years later it got taken out for over £20 . I cant wait for the ML court case to be over,it starts on the 18th March,i cant see it taking longer than 3 weeks.
L+G increasing ,check out RNS
Europa/this isnt the first time she as sold. The point im making is she as told the major shareholders that she will be selling(percentage and over time period) and the reason why. She wont say" im selling 75K shares on Tuesday"
Europa/unlike you and me a major shareholder will have the phone number of the CEO. When she sold the last lot ,you can bet your life they were on the phone ,wanting to know why, Major shareholders and directors talk all the time. Its the only advantage fund managers have over us pi
I hate to see the CEO sell but if i was in her position i would be doing the same. She has 5M shares ,so 75K is no big deal. I would have thought that she has cleared the sells with the major shareholders(who have not been selling). The fundamentals of this company are sound. The management of every company couldnt give a toss about pi ,all they care about is themselves and the major shareholders
AI, 250p was the IPO price ,its now 348p,thats up!!. At a time when growth stocks have been beaten up. Interest rates should start coming down in the spring ,the market sentiment will change, Theres many cheap growth stocks out there,great time to buy.
Bob/it all depends on future earnings ,like every other stock
Lending. your experiencing ,sellers regret, Still it gives you a chance to sell your remaining shares on the bounce
Europa/ so the warning wasnt in the prospectus? Your talking as DT has been a disaster. It IPO at 250p,its now 334p,in a time when growth shares have been beaten up
Clued/so what? Thats why the case in the US is going on. i agree,even if ML is found guilty,i dont think there will be a come back on DT. I would not be in this if i thought HP could make a claim against DT. I am a big ML supporter, i have invested with him for 20 years. I am only in DT because of him. I have made over £700K by following ML. I am 130K shares long in DT
Europa ,youre wrong. The ML saga ,is the "elephant in the room" ,This IPO at 250p(would have been much higher) because of a possible come back from the ML case ,it was in the prospectus. They could make a case that the money ML got from HP was used to start up DT.
Interesting dynamic, thats for sure. Hes selling not buying
5percent/ your dead right. AI is right when he says R+D is important(Microsoft the only company in the world to be in the top ten stocks in the last 30 years,due to their great R+D) In DT case its different. We are in a land grab situation ,thats why we are spending big on selling. Out of the top 20 cyber stocks, 16 are in the US. The americans are good at land grabbing. I dont think we have the money to expand and take market share. I expect DT to be taken out next year. Thats why i would never short something like DT
The "buy back" was their way of defending the SP against short attacks.
Its bad enough directors selling but giving no reason for the sell,is a big red flag.
Ive been investing for 47 years and i have no idea where the SP of this or anything is going in the short term . What im betting on this will be higher in 2+ years time. So please stop all this nonsense
AI. you shorted it
Win/Desert/ i also top sliced at £4(although my average is 440p). I wouldnt sell out of this ,i will only top slice and add. Its a "shorters market", nothing to do with DT fundamentals. Ive just heard on CNBC that start ups are collapsing because of rising interest rates.
Desertsands,well said. not only have they had to put up with that,they have had market sentiment for growth stocks at rock bottom,due to rising interest rates. Our Cambridge/Stanford technology is top class
Win/yeah ,your now a" connoisseur". You can take a big boring FT100 stock ,safe with a SP going nowhere and still make 10% + by top slicing and adding in the trading range. Im pleased you enjoyed the book