The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Doesn't it strike anyone else as very sad indeed: none of us seem to trust the CEO of the company we're invested in. That says a lot about the situation. I cant help thinking the share price has been behaving unusually for almost four weeks now.
I think any RNS from RMS needs reading very carefully: this one says the "machine will be READY to depart the manufacturer's premises on 24th" (Known as Nochebuena, the start of Spain's Christmas celebrations). It goes on to say "the date of arrival in Nottingham is not known". Carefully chosen words?
It's not to do with the mask, good, bad or indifferent. It's to do with the (apparently non-existent) direction and management of the business. Who is running the RMS business?
It's sad that an apparently outstanding product is being so poorly managed.
Richmond999 you're probably right but here's what happened just this summer with BRH shares:
30-Jun-20 30-Jun-20 Buy Trevor Brown 12.50 GBX 2,632,026
05-Jun-20 05-Jun-20 Buy Trevor Brown 17.00 GBX 972,385
03-Jun-20 02-Jun-20 Sell Trevor Brown 22.19 GBX 3,092,057
It's an important message about this share. I've held it for a year now. In consequence, when the price started falling today I watched carefully and finally decided I'd made a lot, maybe this wasn't 'forever' share... and got out when it was 9% down on the day.
There's a lesson for you: impatience will almost always cost money.
Found it - RNS on 26th June:
The Plan will pay out in full and to its maximum level of £150 million (across all participants) if the market capitalisation rises by 66 per cent. to £7.55 billion over the 3 year-performance scheme period, which equates to a compound average growth rate ("CAGR") of at least 18 per cent. The starting market capitalisation of the scheme is £4.54bn, based on the average share price of the Group for a period of 30 trading days ending on 16 June 2020. At the maximum pay-out threshold, the beneficiaries of the Plan would receive a maximum of just under 5 per cent. of the shareholder value created over that period. Under the Plan, CAGR of less than 11 per cent. over this period yields nil value to all participants.
£5 has to be on the cards. As was reported in June:
"In a bid to ensure that its bosses are “motivated”, the board approved a package that could see up to £150 million paid out to Boohoo’s two founders, and one of their sons." Can't find the actual figures but 66% up from price in June 2020 within three years rings a bell. Anyone?
Maybe it's time for us to get back to using the BOO BB for discussion and fair argument about Boohoo.
The mere fact the the poster calling himself towncalledmalice has posted 430 times in 18 days must surely tell anyone watching that something is amiss. Responding to posts with his name in the title just perpetuate the nonsense.
Please let's move on eh?
entelon thanks, that's a very useful perspective, in particular the observation that Germany will be feeling exposed. For decades now, the German motor lobby has been very strong and their manufacturing industry has had something of a stranglehold on the market, probably rightly so too. The whole Tesla story is almosy beyond belief but yes, the German motor industry has got to move fast now.