The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I actually came from another painful route, but my capital depreciation was not as bad as those suffered by Screen. I was a longstanding holder of WTH, and watched in frustration as the NAV eroded year after year. I actually came out of the reverse takeover very favourably, and managed to sell quite a few on the intra-day spike that took them up to 26p nearly three years ago. I subsequently bought some back when they went sub 10p. I started drip feeding them out from 14.5p, and have roughly half of my holding left.
Great to see a host of new holders/posters, but wonder how long some of the ramptastic commentators will be around! Seriously though, the company seem to be making serious progress, and hopefully can now trade in the 18-25p range. Happy to continue letting a few go on incremental rises. Turning into a very big winner.
Downing are launching a new micro-cap fund, and wonder if this will find its way into the portfolio, as they hold it in one of their other funds. Some nice little buying today, although it didnt shift the price.
The London Overground order was awarded to Bombardier in July 2015. It has taken them just over a year to award Petards with their bit, so we may have to wait some time for the big order. Interesting to note that the July 2015 contract was for 45 four-car trains, with an option for 24 more. The recent Bombardier win is a different ball-game altogether. New recent highs for the share price, and precious little stock coming out. Hybridan have not changed their forecasts, merely saying that these contracts re-inforce their numbers.
Depends which way you want to look at it. There have been two small instis picking stock up, as has Andrew Perloff. They account for around 22% of the equity. Three other holders have around 17%. Directors hold a further 7%. However, there is potentially a further 20m shares from the conversion of loan notes over the next couple of years.
A very good deal, and credit where it's due. It's been a long time coming, but if sceptics, can get swayed by this deal, and others to come, you may well see a change of sentiment on top of an earnings upgrade, and see a price above here. I have pushed back my selling limits by a penny, and scaled back the size of the trades, so I can enjoy more of the upside. Let's see if others do likewise.
Looks like the shares were traded via the RSP, and somebody trying to both sell and buy (possible bed & ISA), but inadvertently giving the MM a £6k turn instead of £30. Let's see if they can get out of the trades!
The trades are the same size, and as you say, the sale side would make sense given the size of the trade. However, the buy trade does not add up. I cannot see the MM taking that sort of turn on a trade, and if they had both sides lined-up, they would almost certainly have dealt at a "round" price, rather than going to four decimal places. I will make a few enquiries when I'm back in the office tomorrow.