The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I am no fan of the BoD but what news are you expecting the BoD to release?! They have exercised the option before the AGM and probably thought that would be enough.
At the time of writing CDT is up 12% which represents an increase of £400k on our investment yet our SP has gone down.
I will continue to beat this drum:
MCAP - 3.1M
Value of Investments - £6m
all at time of writing
No one wants to buy this share then! Judging by the fact we are in the red today you would be forgiven for thinking that the CDT share price went down another 17%, not increased! Anyway the gap between Mcap and Investment value widens further:
Mcap - £3.1M
Investments Value - £5.6m
Rapidly getting toward being valued at HALF the value of our investments!
Yep seems to be the same guys trapped in here! ironically we are the most critical as well lol. I guess we should learn from this! There is no explanation for the ever widening gap between Mcap and investment value. Something needs to change here.
Yep CDT up again so far today and the disparagy between Mcap and investment value only widens. Roughly £2m between Mcap and Fair value. If i am Chris Cooke and have the money I would seriously consider a takeover. Its not as if VELA has any debt, its just sentiment is against the BoD. A new BoD and a new lease of life. Maybe if Emma is voted out next week the tide will turn. Lets just hope the votes go with us this time.
To add some further context to this, with our SP of 0.215 giving us an MCap of circa £3.5m the SP of CDT could drop to $1.10 for our investment values to match our current SP (provided our other investments don't also all plummet!)
Hope that makes sense!
Hate to be the bearer of bad news but the BoD have not sold our shares in CDT. Look at the volume the last few days, only 133k shares traded today. Remember we have over 1m shares. Don't expect anything before AGM.
Maybe they could spend a little on the website?! maybe update the investments and the amount of shares we have in each.
What would really help is if we could have a quarterly update which states the above if they cannot be bothered to update website.