The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The offer price is 218p + 2p dividend which has been announced already so I guess who ever sells now will also get the 2p if they qualified previously. The price has dropped slightly for not but this tie up is recommended by the board so unless there’s another bid from somewhere things should get done pretty quickly, if there’s a counter bid then things will get interesting as some people are saying 218 is cheap.
Currently there’s so much negativity about companies making big profits, either oil/gas or banks are both toxic and get very negative coverage when big profits are announced by the left wing media. No matter how positive the results are there’s always something they find to hammer the price down
I doubt it’s sector wise as ASOS is currently down more to do with JPM investment, we also have ASOS full year results tomorrow so we have to wait and see the reaction to this
I’m massively down with BOO but hope it will recover in the medium - long term. What I have seen in the forum is ppl get their predictions massively wrong, after they have release the news saying a fund manager has reduced holding everyone was saying it’s going to drop massively the next day but what we have see is two green days in a row. The news they release was a sale that started the previous day hence we had a red day and once the sale was over is when they released the news, this is not new to the market what we see is we as small investors act / react on second hand news
We live in a world where BBC is even going down to the level of calling this one if their top business news. Currently there’s the Archegos scandal where number of top investment banks are dragged in and out former PM is also embroiled in another Greensil scandal, there are meant to be BUSINESS new not some website charging slightly more a cost. They can put this in their consumer section if they are so passionate:)
Held the shares for nearly 10 years and written off this investment around 4/5 years we had some hope when they went into an exclusive agreement with a major for data and could have recovered most of my money but held on. I’m so glad I did not put any more when the drilling started and just held onto my original investment. Hopefully will be lucky with the next one btw rather than sell at this price I’ll rather keep
The plan of the environmentalist is very unclear, if their true intention is to stop the drilling why wait until the last minute, they could have done it before the whole thing got underway and BPC will not be able to argue that stopping drilling mid way can cause issues, or they might want to hurt BPC so much that putting a stop now would virtually bankrupt the company and no one else would touch this in the future, only time will tell.
I’ve been invested here for nearly 10 years and at times I have even forgotten about my investment as we had enough set backs in the past, not really bothered about where the share price is now and if they find oil then still it leaves us with getting a production license and finding someone to invest heavily to extract oil but atleast it will be a good 2-3 years and the share price will rise accordingly. GLA
One of the hedge fund's opinion is £18 + would love to see that happen. The only downside is one of the bidders could pull out before the bidding starts today 5 pm but very unlikely
Sky with the recent clarification on how they will be incorporating Netflix and their involvements in gaming, football etc is very exciting business for both of them
I've been invested here since 2011 and my average is around 8.5p and pretty much written off the investment when it hit 0.5p. The CEO has been called everything under the sun by the share holders inc that he's just in Bahamas sunning himself and ripping the last few pennies left in the kitty. Never in my dream I thought I will see my investment almost come back, I'm still cautious as the 'major' can still walk away from all this but everything crossed we will get there
I don't think he had much choice to pull a FAT salary out of a company which had nothing for years. If this comes off he's sorted for life. The amount of abuse the long suffering share holders have given him over the years he will need a FAT pay off LOL
It's really interesting to read some of the comments here. I've been invested here for nearly 7-8 years and my average is around 8-9p. Most of us thought this is dead in the water and only a matter of time before we ran out of money as a company. Since the revival of oil prices we have someone 'major' according to the company willing to pay us to review the data and something might come out of this in 3 months time. I cannot see the share price above 4-5p and if they are willing to explore for the additional 3 months or farm out then the share price will rise accordingly. If they pull out after 3 months this will get back to under 1p again or even lower than it was previously I'm sick and tired of these so called experts jumping in expecting this to be 15 or 20 p in the short term. Even now I'm not too sure whether I should invest more and bring my average down, I will seriously consider this option if the news is positive after 3 months even though the price will be higher at that time. If Bahamas is full of black gold then my average of 8 or 6 p is irrelevant and I will make decent return for my patience.