The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So when are they going to do something about the bloated management costs that are unnecessarily eroding the growth of our portfolio? I expected some sort of action by now, especially having announced no immediate sales.
Rhodi, you cannot go on filtering people who have anything negative to say about TERN,it's pathetic.
But in case you just make this filtering up I was an early no vote, and nothing ever came to light, especially that waste of time video, to suggest there was ever any merit in this deal.
And now there will probably be a fund raising to pay for this fiasco. Not sure how the BOD can justify full salaries having wasted this much cash. Resignations must arrive shortly, and let's get someone in who can plan a strategy to move the company forward.
Still think we ultimately have a winning hand here, and once the fund raise is competed we should see some very decent buying opportunities followed by a long rise to the final result. That's my hope anyway!
Which will still leave us with a PE ratio of below 4. I could live on 20% dividends and zero share price rise for a few years.
Well I messaged Interactive Investors who tell me they are incapable of processing large orders, yet they threaten to close my account for putting in multiple small orders which generally do trigger. I give up with them, but maybe it's an omen that I failed to get in so far.
I've got a reasonable buy pending, but it doesn't look like it triggered today for some reason even though the price is below my order price, maybe not enough shares out there at that price. Should have gone for multiple smaller buys.
Admiral70, couldn't agree more with your thoughts, just a poor market right now for the earlier stage investment type companies. Personally, I wouldn't mind a quick trip down below NAV to tuck away a large block for a few years and set up a few cheeky short term CFD bets.
Bobsocks, all I know is that cyber risk management is now becoming a pre-requisite for being able to buy cyber insurance, and the pandemic brought forward technology within the healthcare arena by about five years, so TERN, in my view has some decent investments that will be doing very well behind the scenes and the value will materialise sometime in the future. I have had no dealings with any of the TERN investment companies so cannot comment on what they are doing myself, they are just placed in great opportunistic areas.
I do have my doubt's about TERN's management, fund raising leaks to mates etc, but happy to build a position on the strength of their investments, and will probably build a much larger position if the price remains near the 10p mark. I think, before and after the takeover, should it happen, we will get some good buying days at low prices.
I have bought at much higher prices than this, but also bought a lot around 7p, and together with a lot of trading am probably around break even so far. High hopes within the next 12 months though, but the longer the wait the better the result should be, other than the drain of TERN's management expenses. Maybe they should have furloughed themselves and left the investments to mature for a year or two!
Well my 100k's have started to drop in nicely over the last few days now the spread has been changing. Not sure how it jumps to 0.4p below my bid though, and doesn't take out my other bids that were higher than the settlement price.
No faith really, just a bit bored today! Promised myself to keep down to 150k to 250k a day so the price doesn't spike. Wouldn't mind some more at 7p where I picked up a chunk in the past as the final result will depend on whatever the deals that are done, so for picking up more shares the cheaper the better.
I'm going to load up more on Agronomics for the long term savings plan.