The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Stockopedia quite rightly has it down as a sucker stock, could just as easily issue a delist rns tomorrow, just like PTRO down 85% since the pumpers dumped it. The 33% spread makes this uninvestable imo you're on a 33% loss straight away
Lol, after your pump & dump here grc has gone from 8.25 to 6.25 and ptro from 4.65 to 0.75 and delisting, great shares eh !
I'd love to be able to short these, unfortunately I can't get a price as is usual with sucker aim stocks like these.
Be wary of these pump & dumps who will leave unsuspecting newbies high and dry holding the shares while they tank, here is just an example of the aftereffects of recent ones that have been incessantly pumped, insert other shares as appropriate.
Petro feel free to reuse if you wish
pumping at price now
ptro 4.6 0.75
jay 1.35 1.00
grc 8.25 6.25
its 2.25 1.65
rrr 0.18 0.14
Be wary of these pump & dumps, here is just an example of the aftereffects of recent ones, insert other shares as appropriate.
Petro feel free to reuse as appropriate
pumping at price now
ptro 4.6 0.75
jay 1.35 1
grc 8.25 6.25
its 2.25 1.65
rrr 0.18 0.14
"the Cancellation requires the approval of not less than 75% of the votes cast by Shareholders"
only 70% held by major shareholders, this could get interesting !
"the Directors consider it unlikely that an equity fundraise using the public markets would successfully raise additional capital (or provide the optimal platform to do so), should it be so required"
so stick your hands in your pockets and buy some shares like you never did you greedy b's
"as the Board considers that being listed is no longer in the best interest of the Company. In reaching this conclusion, the Board has considered the following key factors (amongst others):"
I wondered what the "(amongst others)" entailed
"higher interest rates means the company can't offer much upside for 2024" - wrong, see below
"Interest income - this is an important point. I recall before the zero interest rate period, spread betting companies made most of their profit from finance income - pocketing the interest earned on substantial client funds. Now that interest rates have gone up substantially, and rapidly, this should result in a dramatic increase in finance income for companies like CMCX. the TU on 27 July 2023 made this important point -
…however weaker client activity has been offset by stronger interest income, resulting in overall net operating income tracking at a similar run rate to the same period last year. "
Ya reckon ? good luck with that one
can't see it personally, 2019 revenues were £130m with £6m pbt but this year forecasting between £250m & £280m with costs generally unchanged from last year, the share count hasn't increased in that time either, .
I'm fortunate to a degree that I've managed to trade some of this on the way down while the dividend was welcome too and will be reinvested at a lower price, I'm hoping that the demotion from the ftse 250 is already baked in and after some sketchy research I'd say shares tend to recover after demotion which is against the expectation I know.
it's become a longer term hold than I would have liked however
I want to like this company but they can't ever seem to do what they say, 'expect results before mid August' and here we are on the 21st with silence, fully expecting a 'delay to results' rns, the year end finished end of March and almost 5 months to produce audited results is pathetic, last company I was in £80m t/o and we got our results done & dusted and audited all within a month of year end without fail
We spent our summer holidays in cornwall and i loved it, i certainly remember a lot more sunshine and great times than that miserable git obviously does, and i've since had many a lovely sunny holiday in britain, yes even padstow !