The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'd get that money up front from Thames Water! ;-)
I think every penny should go into paying down the debt at this stage. Good progress on that will save money and make this much more attractive as both an investment and a takeover target.
The weird system we have developed for regulated industries where they are "allowed" every April to increase prices by Inflation + a percentage is really adding to inflation. Rail, Water, Telecoms, Energy... Once the regulator has proclaimed the permissible increase, they all announce that they will be increasing prices by the maximum! No competition, no real market, just adding to inflation and paying the difference in bonuses.
Are you on the correct board? This ain't no AIM stock!
Based on the stated proportions of the MNDI share only offer, this share price is now completely dependent on the MNDI share price. Currently sitting at 1307p for a MNDI share, that implies a value of 353p for an SMDS share. Not a great offer at all. Will any larger shareholders potentially turn the offer down at this kind of price? I would!
Https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=MNDI
I find this the best site for divi info.
... and the fact that most of the bigwigs have secured cushy positions in the new management team, plus will get lots of lovely new shares in the larger business? No wonder it is recommended!
So with MNDI currently sitting at 1356p as I write, SMDS should be priced at 366p (given the stated correlation between the offer price and proportions). We're actually at 346p. What does this suggest? The market doesn't believe this will actually happen? There are more risks to this going ahead?
Thoughts anyone?
Shhh... we're sleeping soundly, safe in the knowledge we've backed a winner!
Today is ex-div date. If you buy shares today you are too late to receive the divi, hence the drop.
To be fair, I just looked back at the Q3 Trading Update from last year (9th March 2023) and it reads in a similar vein with no hard numbers given.
Try this... https://archive.is/nkioB
Interesting debate... I've always loved the phrase "standing on the shoulders of giants", meaning we don't have to discover everything from scratch but can learn from our predecessors and build on that knowledge. That can be applied to all avenues of life, but in schools it seems to be done very badly. We chuck random facts at children with no context of the history of why it is relevant. Take a subject like trigonometry... how often have we heard the phrase "when will I ever get to use this in real life?" Whose maths teacher ever explained that trigonometry provides a perfect model for working our the best place to convert a rugby ball from? We bore our children with facts without teaching them how to think, by showing them how these principles were discovered in the first place.
I'm of an age where I got a grant to go to university, but I quit after a year because it was a worse quality than I had experienced in school and 6th form. Now I find myself as an employer being presented with CVs of graduates who simply don't know how to think! They tout their qualifications, but have no practical experience of using any of this knowledge. Give me a 22 year old with four years of work under their belt over a 1st class honours graduate any day. And don't get me started on the levels of entitlement and salary expectations of these graduates!
If I had had children (I managed to escape that burden) I would definitely have encouraged them to learn a trade and only take on years of debt for university if they showed massive aptitude and desire to follow that path.
A plumber with integrity is worth 100 accountants in my book!