The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Why sell? There is now an FCA rep onboard … approval is very likely to occur in the not too distant future.
Thanks to this opportunity I doubled my holding and will double again if it sinks lower.
Not advice, each to their own.
We will get a lot more info in 2/3 weeks when the full report comes out.
In the meantime, it looks like that somebody has been buying big at this level over the last few days … several 100k+ trades. Being hoovering up all the sells. We could see a TR-1 soon.
Josey, get up to push the TV buttons to change channels! … you made me laugh lol … yes I remember those good old days very well.
On the issue of PBT I am not sure I get the point; they didn’t mention it in the interims RNS now but EBITDA went up and they showed £38 mil Gross Profit (PBT) in FY22. So it is getting better. Am I missing something? I thing their financials are now improving. Schrodders must think this too as they recently increased their stake yet again.
In my opinion selling at this low SP level may turn out to be very disappointing when the SP turns up. Happened to me with other stocks … not much fun selling (with a loss) at the bottom ouch😩
Josey, the SP may continue to decline, yes, but I don’t think is going to fall much further.
I see your point on cash burn but this maybe mainly due to increased rentals which will boost net cash down the line. According to a recent interview, Edison’s, the CEO stated that there are now more companies that join the business rental service. These along with the increased subscribers have to be provided with devices. So there is a big capital outlay here. Anyway, we will see when the full report comes out. I wish though we get some news releases with clarification on these matters asap, 6 weeks to the report is a long time to wait and the drag on the SP will be huge. Needs news.
Not long to wait now, in all likelihood the TU will be RNS’ed by the end of next week;
2022 - TU RNS on 16 June
2021 - TU RNS on 10 June
So, very high chance of the Trading Update RNS within the next 8 days! ☝️☝️☝️☝️☝️ is good.
The FCA news are late and when they arrive can be either positive or negative, there are no guarantees.
The company can do nothing to make the FCA decide, but we now reach the point where the company has to give an update on the delay as they did back in May. The absence of a delay update to me it indicates that the company is expecting this decision imminently. 🤞
Tyla, lol … I sold chill at 6.2p … still kicking myself!
A bit disappointing MMAG hasn’t issued any news before the TU to calm some nerves but here we are … two more weeks for news ,🤞good news
Patience Jamrock, about two more weeks to the TU.
The SP has been dropping like a stone due to a big seller and stop loss triggering, in my opinion. If you look at the trades somebody with hundreds of thousands of shares decided to come out. Hopefully the TU will be very positive and reverse the decline.
IMO we haven’t seen the bottom yet, still room to drop. Hopefully, the big seller whoever it is runs out of shares before the TU.
Everything carries a risk and nothing is certain but personally I still think that there is huge potential here. I haven’t sold any (mistake in hindsight, was not expecting this big seller to appear!) and will be adding when I think the bottom has been reached, or see a reversal. Good luck.
Volume is small and SP is holding well. We are all awaiting the FCA decision, two more business days.
FCA approval should see the SP go on a vertical ascent, very likely taking out the 2021 high. Fingers crossed.
Have a nice weekend all.