The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This is a bad RNS and i agree on £20-£60mn profit guidance they reported 32mn loss. Even the future guided free cash flow looks negative. Im afraid this is going to test 14-15 year lows as the business is in decline. Lost trust in management as well as they leaked the bad news to the hedge funds first on the reduced profit guidance...
iFood has been sold for Euro 1.9bn recently. Market sentiment is around inflation, customer spend, cost of running operations + valuation for Grubhub (which they've brought for $7bn) at the height of the pandemic. Market thinks they will sell Grubhub for probably $2bn or less, but with a loss from operations of £1.1bn in 2021 (ie per year), the cash they will get will let them survive for 2-3 years max, unless they can show to the market that they can generate sustainable free cash flow from operations (which so far they've not been able to, including at the height of the pandemic, which is their peak trading period all of their life)..
What a mess this has become now at 10.8 unbelievable...
Reading through the results, i suspect there is going to be a capital raise. Tories are destroying UK economy in my opinion. First with Brexit which brought GBP down, now the mini budget - which could either a genius move or incompetence. Most of the financial analysts and markets think its the latter. I suspect there will be a period with so many variables in play and we cant really anticipate the wood for the trees. Best mode currently for me to is to either stay in cash or invest in other countries where interest rates are in the downward curve..
Not sure of the reasons for the continued fall here....Know the results are not as expected esp regarding free cash flows, but thought the debt is manageable. Inflation might increase the costs of running the business, probably the market is adjusting to that value...But at these levels, might be vulnerable to a takeover with 26% major shareholder...
This does actually mean that Candy or Belerion can still make a bid within 6 months of them walking out. 6 months has not elapsed yet.
As is customary under Rule 2.8 of the Code, Belerion and King Street reserve the right to make or participate in an offer for THG (and / or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:
(i) with the agreement of the board of directors of THG;
(ii) following the announcement of a firm intention to make an offer for THG by or on behalf of a third party;
(iii) following the announcement by THG of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover (as defined in the Code); or
(iv) where the Takeover Panel has determined that there has been a material change of circumstances.
He never asked any of us to buy shares in his company. We did and we have to bear with him and his management team until they make interventions to create value. If you dont believe or cant wait, everyone is free to sell and invest elsewhere...
If you are a shareholder, you can't sell today at a profit. You have day jobs to do, go focus on them. There will come a day where you can sell and profit and until then stop looking at your screens. This is worth a lot more than what the share price suggests right now. Daily movements in price will force you to take emotional decisions.
DOJ Short-Selling Probe Eyes Bets on Amazon, Microsoft and JPMorgan - https://www.bloomberg.com/news/articles/2022-09-12/doj-short-selling-probe-eyes-bets-on-amazon-microsoft-jpmorgan
They clearly profit from collecting all the comments posted by various shareholders on social media sites such as this and target them.
Agreed. Anyone else who thinks that they will post spectacular results Thursday are reading it incorrect in my opinion given the general market mood last quarter. I am also worried about any goodwill write downs etc from acquisitions. Shorts increasing slightly just before trading update is not a good sign based on my experience. That said if we are pleasantly surprised that would be great.
Im not so sure. This would be possible, only if you have the option to sell your shares to the underwriter. If such an option doesnt exist, and i dont take up the rights issue, im staring at 60% loss isnt it..
This is an easy short until £1.03. Iconic brand rescued many times by the investors and perhaps this is the last ditch effort to keep it afloat. Its capital intensive business with minimal or very little cash flow to fund growth or pay off debts.
Stop acquisitions
Sweat existing assets and generate free cash flow
Buyback shares or bring an activist investor
Announce a dividend if possible
MM should giveaway his special shares
Build good relationships with the city investors