The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I put a lot of effort in to a post yesterday that has been removed. In my opinion it was a balanced and accurate view of how a ramper’s input here is inherently more honest than a deramper’s input. This was based on my view that shorting is incredibly destructive and to wish for it to pay off is damaging to many and rewarding for so few.
The positivity of a LTH, even if over egged, is justified and makes perfect sense.
That’s all I can be bothered to say about it today as my post was deleted and I get no explanation from the oppressors so who knows what else will be deleted?
I haven’t been banned - do they send you a message when that happens?
It has really annoyed me because I now wonder who else gets censored.
Gold 1234 - please could you tell me how you trade short in this stock? What broker? How quickly are your trades arranged? What is the minimum volume? Are the fees higher than standard trading?
I was under the impression that shorting stock is quite a specialised area and that it required significant trading funds and status yet you make it sound very easy to access.
Obviously I am aware that any fool can run a spread betting account on limited leverage and might think this is shorting a stock but of course it isn’t is it? Leveraging your £10k deposit to get to “short” to around £5k for every penny movement is not very clever. SP moving just 3p to 5p is your £10k gone.
As I often query- if you are actually shorting stock in chunks of about £100k and making good money (as that is a minimum I would suggest to brag about shorting successfully), why aren’t you doing something better with your day than posting on here? I would have thought if you are moving in the circles that can afford and access such trading options you would be busy discussing strategy with your chums in a nice expensive restaurant or bar.
The company revealing a cohesive and plausible plan is good news in itself but there is effectively no actual news yet.
The report today couldn’t be much more simple if it tried. If you don’t know what it amounts to in true terms then you are in the wrong game and the wrong share.
It is a good plan and hugely achievable. There are very positive aspects such as more progress than previously indicated as expected and there are further indications of plans to capitalise on that additional progress to come at the risk reduction head on - a GREAT plan.
When the first actual confirmation of progress of this plan is released we will see the rise that many naively expected today. Today’s rise is a momentum shift based on what is yet to come. Further momentum expected and then a re rate to double figures very quickly as the next RNSs unfold confirming partner(s) and commitment. Simple progress along the timeline will then put us back towards the 20-25p range for a while. Excitement and time progression will then ensure a few spikey months as we sort out that senior debt to finish the project. I see the price at 50p again when that plan and its progress is being bandied around. I then see the price heading upwards with finance plan in place and the real sums around profit / debt / future dividends will be worked through with progressively more certainty as time passes. I now see this as a £1 share with a 5p dividend by 2027. Not as good as it was for LTHsbut a tidy investment for the latecomers and still enough for me and hopefully most of you.
All in my unfeasibly humble opinion.
Can’t be bothered to even try and rectify that mess. So just to say have a great weekend all. What’s not to like here?
So with not a negative point in sight today some are still trying to make trouble where this is none.
A healthy day of trading with interest in the stock for the stocks sake. No MM conspiracy theory required- the interest is good and the mind is up. It had to move up and down to keep people happy and that is where the MMs do their match making and make the deals work - all good.
As I have said too many times this is a great stick for all at present- trade away, day traders and enjoy the 10% range. Keep topping up anyone who is new to the gig and holding. Just us poor old LTHs who don’t have much say to say fun at present - you could bring your average down if you have the funds? Otherwise sit tight and let the project keep rolling along and stick to your original plan - production and dividends.
I am visiting this board about once a week now and my visits are going to dwindle further. Will just have to periodically search directly for input from the few quality contributors.
I challenge the rest of you to explain your motivation for being here. Why are you at all interested in this share? If this project progresses with the current share issue in tact I can see anyone buying today making 10 x their money at some point between now and 2027. It may be a risk but that seems quite a fair return for the level of risk involved - so why any negatives from a new investor? What’s not to like? You are not going to get a ten bagger without significant risk, so SXX is no different to any other share you might be looking at if that’s what you are after.
If you are not invested here then it certainly looks like you are just trying to wind up people who have invested their hard earned cash in good faith and it hasn’t gone well - not because they are incompetent in any way but simply because they invested in a company at a given point in time with reasonable hopes and the subsequent activities have heavily damaged the share price- why do you feel the need to mock these people? (Semi rhetorical only- it is because you are a first class ****!)
If you are a LTH and still holding then you need to get a grip if you enter in to any negative moment on here. Why the hell would you post anything on here that slates the project or BOD? If you were a LTH and have sold then have the good grace to clear off and leave those that have decided to stick alone.
There are now some absolute prize c0cks on this board who have stuck around for too long to have any credibility. If you are so clever, why don’t you have something better to do? I’m an employee and my employer is paying me now. I’m not a financial guru as so many if you seem to think you are.
“I’ll bet a buck” has not explained how he or she has so much time on their hands to post so much dribble. If the answer is that you are so rich and successful that you don’t work, then I look forward to your autobiography explaining how you made millions so that you could take control of your life and free up enough time to bother SXX investors all day. (Rather than sailing the Med and /or doing something philanthropic)
Its happened though hasn’t it. He wasn’t here to predict it. He’s here now to pass comment based on history. Wind up merchant and a fantasist.
A large holding in Barclays you say? (No untetest in that forum though)
You quote advice regarding diversification and holding 1-2% of your portfolio in any single company.
You don’t hold here or in Metro Bank but you spend a lot of time on these forums. Though you did spare a little of your very busy wealth building schedule to visit the Thomas Cook chat for some reason recently (more of the same maybe).
So your large holding in BARC is no more than 2% of your presumably huge portfolio ( if your BARC holding is indeed “rather large”). So fifty or so companies in which you have rather large investments YET you seem to have time to research another company to the point where you can offer safe like comment but you are not invested. You MAY invest if certain risks are dealt with.
You are literally a paradoxical juxtaposition of an argument aren’t you. Makes no sense at all yet your comments are presented as if they represent obvious common sense that any fool should be able to see.
Do you have a book out that I could buy?
Before any drama is made out of nothing I would suggest taking a look at what happened to the SP when SXX entered the FTSE 250.
Nothing. No rush of tracker funds because the risk profile was not generally attractive.
Therefore, IMHO I am confident nothing would happen to the SP if we leave the FTSE 250.
The SP is currently at a phenomenally oversold level so external factors to the company (which whatever index they sit in is definitely external to the company status and progress) can have effect but it is simply not predictable when an SP sits this far away from the NPV.
As always with SXX - it could react differently to what you expect.
Tex - I know a decent sized group of LTHs personally and not one has sold or reduced their exposure here
Do you know a decent sized group of LTHs that have? I have this board as a guide and personal knowledge of actual people who hold actual shares and I think the vast majority of the LTHs are the same and have the same plan in place.
As I have said so many times before - not everyone invests for a day or two or a week or two. Some people have an idea that they accept might take years to come good.
Unfortunately this amazing opportunity has been hijacked along the way by people who do skip every music track they listen to after 45 seconds and who do watch reality TV.
Norton’s Coin. 100/1. Gold Cup.
People knew.
Smart @rse people who read the Sporting Times and The Racing Post and knew EVERTHING about horse racing “KNEW” that Norton’s Coin was a joke and stood no chance
Yet we have this no hoper romping home at 100/1 and people knew when they took the horse out of its stable that morning what might happen.
Just saying - you might not know it all.
Anyone claiming to have a short position want to explain the mechanism begins that position?
Your account funding levels, broker name, how you instruct the order? Turn around time on the order? Volume of the order?
BTW for anyone who thinks their CFD or speadbet position is a short don’t bother replying. We all get the mechanics if those instruments. (You over leverage and three quarters of you lose money without fail).
No one here is holding a short in SXX. Just dreamers.
The trading range is huge - why is anyone complaining?
If you trade then crack on and be happy about it - why so much effort wasted telling LTHs they are idiots?
Shorters - loads of you here it appears. I find it a little odd that in your hugely successful life where you having sufficient trading status and trading funds that allow you to make significant money from shorting a stock like SXX that you have time to troll this B.B.
Just saying - I would of thought you’d be busy making money with money.
I am a lowly LTH here with a massive paper loss and no intention of doing anything different than waiting years for a return.
I read an entry earlier that said “it will years before you see a return”. Yes that was exactly the plan! Years - it’s called investing. Investing in start ups, investing in industry and investing for the FUTURE.
Not today. Not a 0.8p shorters return on Friday, not a 50% gain earlier today - none of those things. Just a wait and see if my investment in a project I believe in comes good in YEARS to come.
Hindsight will now allow all you clever clogs to tell me and other LTHs where we went wrong. I’m fairly sure I still have all my shares at the moment and I’m fairly sure I still support the success of this project.
If I lose all the money I invested in SXX it will be having invested in good faith and it will always have been my choice. No grumbling here and no blaming anyone else.
The only thing I will moan about in relation to my investment in SXX is this B.B. because of the absolute A holes who have arrived of late and offer nothing but vitriol - Absolutely proving they have nothing else in their grubby lives!!
Anybody whether PI or II who believed this project would be completed still has the same frame of reference today as they have had at any point. The only difference is that proposed plans for financing are proving difficult which, in a very unusual worldwide and domestic political and financial landscape, is probably par for the course.
The project itself remains a viable plan for a highly profitable mine being built by the best in the business with the best technology available.
So any doom and gloom around the risk of the project is not really fair or relevant as it is a constant and has been factored in long and hard.
It is just the finance that is in question and there are still many options here no matter what the opinion of the derampers is.
If there is an information leak issue, again that is probably par for the course with the number of people involved. Annoying but part of life I’m afraid. What I cannot get away from us the fact that if I knew to sell at 10-11p and I can now buy back my original holding for Jess than half, then that’s exactly what I would do because I was happy enough before but now I’m less than 50% exposed compared to previously in a project that still has the same aim and objective and the same people working on it.
I will be holding on this basis and will once again be cursing the panic stricken who drive the price down but I see a finance package coming one way or another and I still see plenty of room for equity increase and future dividends that will be enough reward even on my relatively high average.
There doesn’t have to be any link between these two.
If you’ve created one then you live by that.
Money is earned, wasted, lost, won, given away and many other variables and it really doesn’t matter a jot if you have happiness.
If you think making a fortune on SXX was going to make you happy you have life all wrong.
Money made here should simply be part of a bigger plan that also has contingencies to cover this investment not coming off. That may be working a little harder or longer or smarter but it shouldn’t be the untold drama we are reading here today.
GLA
Why? How narrow minded are you? Have you actually any history with this stock? Have you no conception of the position many people are in?
WHY? WHY? You are lazy minded beyond belief. We are not investing TODAY are we. Grow up FFS.
If the worst case scenario were 60bn new shares issued at 5p today - no interest payments and job done - we have approx 70bn shares sharing $2bn profit in 9 yrs. run that through as a 5% dividend and you have a share price of nearly 30p.
That represents a terrible return for anyone already invested with an average in the 20s right now but still a return.
Invest now at 5p - what’s not to like?
It is grim and it has slid further from the dream but it is far from over.
This hysteria is of course adding to the problems. Take my above scenario back to a 10p share price and suddenly the new issue is half as many shares and twice as much profit and twice the SP.
If my shares are 60p and returning a 3p dividend I will have an investment that provides me with all I need. There will have been better opportunities with hindsight but I chose this one.
The PIs are unfortunately self defeating here at present and they will moan forever about it and blame everyone but themselves. I despise those who are so greedy, lazy and stupid that they thought this was a gravy train and someone else was driving. They will never know it was their own fault and driven further down by their own stupidity because they are so pathetically inadequate.
Welcome aboard Joe. At least wait until it’s 100% which in my opinion isn’t going to require any patience at all! I think you’ll have the funds cleared by end of September.
At least that way you’ll only have to kick yourself a few times as each 100% marker (9p) is passed.
I think summer next year will see you on 500%.
Doesn’t sound to arduous to me.
Good luck
All IMVHO
Yazz and The Plastic Population.
People are clearly starting to hold on. It won’t be long. The only way is up. BABY.
Not a ramp - just an observation that the volume is low and the price is steady.
Are the remaining contenders the steadfasts who deserve their inevitable journey from here to a £1 SP? £1 by mid 2021 is my prediction now. Not finger in the air stuff but a prediction that interest in this project once this funding is settled will be as immense as ever but the difference will be that institutional investors will be queuing up to buy shares along that timeline from private investors who one by one let their shares go at what is enough of a reward for them.
Some will see it right through to the dividends and we will be talking at least 7-8p per share by the time full production is in swing around 2027/ 2028 and debt is being serviced more than adequately.
$2bn a year goes a long way with no debt and only 10bn shares held. 20 cents will equal 20 pence by then and I don’t think 40% is over egging it.
Not what it was once ramped up to be with a naive hope for half that many shares in issue but still completely in line with many people’s aspirations and investment strategy.
So come and go with your short term views and issues and doom and gloom attempts but make no mistake - this company is coming good very soon and getting better and better there after.
There are other investment opportunities- some will be better than this. Please let me know when you find one.
All in my very humble opinion of course.
Broad markets struggling but SXX looks strong. The dust is very much settling after the ridiculous over selling of late. Against yesterday’s 6m shares late on it looked strong and this holding up today makes it look more stable.
Maybe my hope that the most jittery have left this share behind is on. Long and strong.