The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
nomlungu,
Your story is the same as many of the posters here on LSE.
If you will continue to insist on using online brokers as opposed to bricks and mortar brokers who you have a personal relationship with, you will eventually learn that the higher upfront dealing costs are more than mitigated when it comes to being able to actually deal and learn about stuff of which you had no prior knowledge. We are sometimes our own worst enemies. There is always stock available, it is just a question of price.
Thinking about it, this company is not about to be bought out for less than 50p.
The board know when they are onto a good thing, so do a decent proportion of the shareholders.
Having written this, anything can happen, as it often does!
Pretty much standard stuff for when nothing much new has happened, that is activity new actually producing fresh income streams.
Reads to me like a load of hopes, though the news about Ebers is marginally firmer.
Many months ago when I mentioned that the Chinese were going to renege on paying us the money, many of the 'great and good' on this site roundly ****ged me off saying that we were dealing with major Chinese Corporation that had just merged and it was going take a little time, a later excuse for non-payment was the virus, this beside the fact that another Chinese business actually took over a western business slap bang in the middle of the COVID 19 crisis. So guys, do you still think that you called it correctly - or what?
The naivety of some of the postings was breathtaking.
Despite the above, good luck to everyone, and that includes me!
Albi1
The market seemed not to believe Manabouttown, so far NFX has fallen about 3.5% , today alone.
For a Man About Town, life must be a little tough at the moment.
All the decent restaurants, bars, clubs, nightclubs, and hotels are shut.
Perhaps we should not be overly hard on our poor friend who is possibly feeling somewhat bemused by this turn of events -
as indeed I am by the seeming non-performance of Nuformix.
StockVirgin82,
"Will we get to June with no updates?"
Best I can see, leaving out weekends and a Bank Holiday, there are about six working days left.
There again, if there is nothing to announce, you may be posting the same question next month.
When they are running out of money and need more, then perhaps the situation will change.
The whole issue with this company is that the mentality of many of the people posting here revolves around excuses.
Many months ago people began to write that a couple of million owed by the Chinese was totally irrelevant since we were on the verge of very many millions.
Then there was the Times article.
Following this, we lost the chairman, the person who was, as best as can be understood, the link with China.
And during this, we have Prof. Gooding doing a series of interviews that served to raise everyone's hopes.
We are soon to be halfway through 2020, the only really good news during the last nine months or so is that we now have a broker who, as mentioned before, has introduced a bit of discipline when it comes to interviews and so on.
Each week slides into the next and then each month does the same.
Again I have to ask: Is whatever we have a wanted technology to the extent that it is of interest to Big Pharma?
As matters stand it would appear that none are falling over themselves to make a deal.
Please do not patronise me to do my own research, all that has been done.
Please do not tell me how wonderful the science is, I believe it, what I cannot yet believe is that we have a process that produces wanted products.
I am so hoping that I am proved wrong, but as the months slip by I have to face the fact that it is beginning to look as if this one is going to be a little expensive - to say the least!
Good luck all.
goupplease,
However, to be fair, the management seems to have become much more disciplined since they have taken on brokers. For instance, we no longer have our Mr. Gooding appearing on interviews and making statements about things that do not seem to actually take place. This is a much better situation for a main market company, perhaps it was a pre-condition by the brokers who have their own reputation to protect, and akin to every other financial institution, compliance officers to satisfy.
Thank you ATrades for your response.
Forgive me please, I am unsure as to that which you are saying.
Soupdragon 78 appears to make a good point, perhaps you will have the courtesy to respond to his comment.
Very good luck to you.
Kind wishes.
Jonesy10489,
Thank you very much for your response.
I do understand what this business is attempting, (and scaryone, I have listened to everything that Mr. Gooding has said in the days when he was doing multiple interviews) however it would seem that nothing has happened of real interest to anyone other than a Chinese partner who appears not to have fully paid. This begs the question, is what NFX is developing, or has indeed developed, of any real interest to others, or is it an interesting technology that presently not of particularly wide interest since Big Pharma appears to be more interested in developing new 'blockbusters', not rejigging existing medications. It could well be that we find ourselves on the wrong side of history. Please, do not reply saying that the virus has stopped everything, etc. etc. etc., sniveling excuses simply do not cut it. With kind regards.
Trouble is that last year we got used to a stream of interviews and various statements that encouraged us to believe that there were going to be big announcements at any moment.
We then got new brokers/advisors and perhaps they told the coy to shut their mouths until there was something that needed to be announced.
Since nothing new of great scientific significance seems to have happened there have been no announcements.
Goodness knows if anything that NFX is developing actually works or indeed is of enough importance to be in the category of 'must-have' medical technology, it would seem not as yet.
Having held Sareum (SAR) for well over ten years I am now quite used to medical research businesses, my surprise with this one is the share price being so high.
It may well be a rather long haul before NFX really comes good, that is from an investment point of view.
Good luck all.
Embers777,
Why not sell enough to get your original investment back plus a little.
That way you have a free ride, plus any stress levels you have over this company pretty much evaporate!
Win, win, win!
Thanks for your pulling together all the various strings.
The one slightly worrying aspect is that we get taken out by Apple before we rally happen.
Having lived through the highs and lows of this business it's going to be a huge disappointment to land up with ten or fifteen pence a share.
Even if there is a low-level bid perhaps a four-way bidding war may ensue with Warner, Sony, Netflix and Apple slugging it out.
Sam12345,
Probably best to buy these, put them in the bottom drawer and review the situation in a year's time?
Barwickman,
Yesterday the streets of previously locked-down Chinese cities are full of traffic, offices and shops are open and life goes on.
(This is what Trump is now trying to achieve.)
Not all foreigners are banned from entering China, just most.
The fear is that now that China is, allegedly, no longer having new cases of the virus they do not want a whole lot of people coming in and causing a 'second wave'.
It is quite possible that at the moment China is the safest nation in the world to live in.
Sort of ironic.
The internet is working.
The Chinese are open for business.
Thanks Soupdragon78,
SAR is currently 20%+ up on the day.
If you had have been a longterm holder of SAREUM, you would know that this is but just one item in their armory and the thing that 'minnows' always are short of is cash to keep aiming toward their real target. I quite accept that you probably got a huge amount of skin in this game, and you and a few others have no option but 'to talk your own book', even so, the continuing silence by our 'hero', the formerly loquacious Mr. Gooding, seems at best perplexing and worrisome.
With very best wishes to you, may you have all the luck in the world.
Dear Mr. Gooding,
Greetings.
There is an AIM quoted small cancer research company called SAREUM, the market symbol is SAR.
Today they have announced the completion of a deal with a Chinese medical company.
Whilst I am unable to learn what cash is involved and so on, what it does confirm is that China is now almost fully open for business, despite overseas people still being banned from physically entering China.
Well Mr. Gooding, perhaps you may wish to contact SAREUM , I believe that they are located in Cambridge, and maybe they will be really kind and give you a heads-up on the best way to do business with the Chinese and get paid.
Best wishes.
fuelforlove,
I did take up my 1 for 25 in order to keep entirely whole.
The monetary consideration was very small.
Now that they have cleverly raised over £10.00M it is as Theanalyzer says: .....the company has raised a lot more cash than many AIM companies, so perhaps it does now have away forward.
I think that Theanalyzer , is in this instance at least, quite correct in his/her(?) summation.
infor1p
Whilst I can see your reasoning, do you not think that the sooner news is announced the better?
If the business starts to pull in great money we are underpinned, the moment there is a market turn NFX will be there with the leaders of the charge upwards. Meanwhile, the sp is holding up really well.