Port Erin Share Discussion Threads

[tomboyb] 28/6/2018 13:46

In fact only 50k left online -

Lets see where this goes -

[tomboyb] 28/6/2018 13:42

Hindsight -

Not sure to be fair. It is an Aker's stock and someone there has been buying in chunks -

PEBI - first buy 50k today at 3.85p -

[hindsight] 28/6/2018 11:31

mellon owns 29% so perhaps he could do something with this -

Yes your right tomboyb , stand corrcted. However they still are paying out £200k corporate, listing fees pa on a £2m pot so -10% before breakfast. Can I ask what was the trigger for Yolo wake up ?

[tomboyb] 28/6/2018 10:25

You never know -

I am in YOLO it went to 3.75p with a NAV of over 9p - it currently sits at that level

PEBI has a NAV above 8p and you buy at 3.85p -

[joerog] 28/6/2018 10:19

I think regent alone is £100k up

[tomboyb] 28/6/2018 09:50

Hindsight -

mellon owns 29% so perhaps he could do something with this -

Today's RNS indicates a small loss so not enough for a downgrade on NAV although i think it would still be above 8p -

[tomboyb] 28/6/2018 07:49

RNS out -

so they managed to sell 60k at £1.95 to mitigate risk -

Loss looks pretty immaterial considering now -

So PEBI "very much" undervalued -

[hindsight] 27/6/2018 17:04

I think i'm the only person here -

Not quite tomboyb. Personally think Mellon should buy this out and save the corporate and listing costs on his 50%

[tomboyb] 27/6/2018 14:33

even with the fall in SUMM (which PEBI holds) this is still sig undervalued -

Market however is weak -

[tomboyb] 27/6/2018 14:20

NAV of almost 9p and now 3.75p to buy -

Mellon -

[tomboyb] 25/6/2018 13:45

I think i'm the only person here -

[tomboyb] 22/6/2018 11:33

Last NAV was around 8.8p on PEBI -

However I think MELLON can do much more with this -

Hopefully not much more in DBC which i looked at when i was in another stock FFWD -

[tomboyb] 22/6/2018 09:38

Come on Jimmy Mellon -

Did well at webis now lets get PEBI on the move -

[tomboyb] 21/6/2018 11:42

The one Pharma that has not really moved -

Mellon needs to get his skates on -

[kristini2] 16/6/2017 12:42

i wonder if jim will use the cash from the magna sale here to invest in DBC- it needs a rescue

[tightfist] 17/5/2017 21:46

A Red Letter day?; someone else bought PEBI !

[tightfist] 25/4/2017 10:32

I had a nibble at 6.875p, immediately dropped the Bid to 6p.

[tightfist] 25/4/2017 10:24

Hi Rivaldo,I trust JM with our cash and I doubt that it will be frittered away, unlike some other companies...... A distribution would be nice, a tender offer at NAV for 10% of our holdings would reward our patience and only put a 30% dent in that cash pile.Cheers, tightfist

[rivaldo] 25/4/2017 10:02

This is good news imo tightfist. Almost £1m of cash will bring in the liquidity necessary to get the various newer ventures off the blocks and running.

The only worry is of course that it'll be frittered away. However, hopefully DBC is back on course now after JM's intervention with new appointments etc.

Perhaps once the proceeds have actually been received there may be news of shareholder distributions etc.

[tightfist] 25/4/2017 09:26

All quiet after this morning's surprise RNS. Cash will constitute ~70% of NAV leaving the remaining investments value at ~30% of NAV.Now there are opportunities to significantly play a part within other JM ventures, getting in on the ground floor? Will this cash play a part in the pre-IPO surrounding DBC, LIFE and RPG?No mention of cash redemptions to shareholders to close/offset the discount. I am not sure if I should be disappointed by that?Cheers, tightfist

[tightfist] 09/4/2017 21:00

Many thanks Rivaldo - as Ochs says, straight from the horse's mouth, and seems like some sincerity regarding DBC. I was not aware that RPG were a substantial holder in DBC, but I should not be surprised. I guess PEBI's direct holding is a lot less than their indirect holding.

Cheers, tightfist

[ochs] 09/4/2017 17:40

Interesting update rivaldo and right from the horses mouth! So he was still positive about DBC?

[rivaldo] 06/4/2017 08:22

News this morning of DBC - there is life! Life Science will de-list from AIM, but intend to carry out the DBS takeover and re-list on AIM, with a new financing etc. Let's hope DBC survives and continues:



I was fortunate enough to see Jim Mellon present last night to a small gathering. Amongst other topics he ran through some of his portfolio of companies. He didn't include PEBI specifically. However...

- I asked him afterwards about the discount to NAV etc, having noted I knew it was difficult for him to say anything not in the public arena. He and his colleague however were decidedly upbeat....
- re Plethora/Fortacin, Recordati have plans to produce 50,000 cans a day, which would produce £1m royalties per day to Regent Pacific
- re DBC, there had been disappointing management execution, but there's new management now, and the product works
- JM did specifically talk about SalvaRx in his presentation and was VERY bullish.

[tightfist] 29/3/2017 12:14

Hi,Thanks for the Northland info;,I also need to keep an eye on SalvaRx!This is a real game of patience; I suppose that is OK as long as I believe in the NAV increasing and the Discount decreasing before I reach the door of the old people's home.....Cheers, tightfist