The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's clear no-one really takes this stock seriously any more. That's of they ever did.<br /><br />My prediction is they will try and issue a couple of gazillion shares based on a 6 month profit. They'll celebrate like mad and they will mention all the great clients that have (but not mention the contract values) and then they'll say something along the lines of we need more cash to take advantage of all the great business we are about to do. etc etc. <br />
LOL. There's a guy on ADVFN who claims Lance O'Neill told him that he (Lance) "manages" CCCAL's investments. Err... what! Who would let Lance O'Neill manage their investments except Lance himself? Look at Lance' track record. Dodgy as hell. Until the identity of the owners of CCCAL are revealed this is completely uninvestible.
Great find wishbone. The fact Lance ONeill was the registered owner of the CCCAL.NET doman name and has (or had) a lance.oneill@CCCAL.NET email address explains a lot I'd say!
It certainly explains why CCCAL are getting what, 15% is it?, interest on their loan!
Id be very interested to see who the owners of CCCAL are. But reading that site no-one has managed to find out anything. Offshore companies are always suspicious. Is that why Ian Hallet sold out?
Why would I want to get in at this price? The CEO has bought a pathetic 5 grands worth in response to Hallet selling 20% of the company. Do you think the CEO thinks the share price is gonna fly?
The mystery is why is the share price still so high.
Having conversations with directors and CEOs is the worst thing you can do. Believe me. They'll tell you what you want to hear. Especially with a company like this that needs regular share placings to stay solvent. Do you really think they will tell you anything other than things are looking good?
I don;t have any other ID. I post on this stock only. Mainly because it is an absolute joke but Im also fascinated by how the directors have managed to keep an unviable business going for so long. They need people like yourself to keep believing the same old story year after year, and decade after decade. You may be able to make money here if you can sell out on the spikes when the ramping starts again in earnest. They'll probably announce they have the likes of Tesco as a customer but won't mention the deal is tiny in monetary terms and is for a local branch in the outskirts of Bognor.
That's one interpretation. There are others of course.
For me the bottom line is at a £1.4 million market this company remains chronically overvalued especially so considering the net working capital deficit of £1M. Lets not mention the ongoing solvency issues and almost certain future share placings around the corner.
With this company effectively being valued at £2.4M by Mr Market I'd be wanting to see a post-tax profit of at least £250,000 posted. The company has never posted a full year profit ever and is highly unlikely to post one in the future. Id bet the management are getting this years excuses prepared already.
The point is this is a run of the mill advertising/media company that has posted 13 years of consecutive losses, has a working capital deficit of £1M, is controlled by an opaque offshore entity, needs placings to stay solvent, and the 20% major shareholder has completely sold out after holding for less than 12 months. This is absolutely uninvestible. It has obvious going concern issues. You'd be better off putting your money on the 3 o'clock at Cheltenham.
2 gigantic red flags this couple of days.
Hallet has sold 14% of the company and he is now down to under 3%
The CEO, Robertson buys a ludicrous £5000 worth of shares.
I mean hello? Red flags anyone? Anyone still holding this stock needs to be comprehensively examined.IMO.
Yes it is peanuts. His salary is about £100,000 if I remember correctly. Prepared to be corrected on that.
You have a major shareholder selling out and the CEO buying a pittance worth of shares. Not looking good.
Did anyone notice in the results the mention of contracts in China. I checked the revenue from Asia. It was a mere £33,000. In other words the China contracts were peanuts. The point is MDZ name-drop all the time but rarely quanitfy the value of the business. I bet most of these big name clients are only paying MDZ a few grand.
This company is a disgrace. The recent trading update understated how bad these results are but you'd expect nothing less from the offshore characters running this business.
How many years of consecutive losses since IPO? 15 is it? 16 is a certainty. But still people fall for the same old BS.
They do release regular trading updates but these are ill disguised ramps. Anyone reading them would think everything is hunky dory so they should be ignored. They are dangerous to your wealth IMO. The static share price kind of suggests Hallet has not dumped any more shares. Probably because he'd be lucky to get 0.05p for his next batch. I think he'll try and off load the rest gradually if he can.