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Lemming investor: Croda might buy Skinbiotherapeutics for £1 a share

By Tom Winnifrith, not Angry at all | Wednesday 11 September 2024


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


In a note yesterday where he, predictably, heaps a bit of derision on myself, Mr Angry, Skinbiotherapeutics (SBTX) obsessive suggests that Croda (CRDA) might bid £1 a share for skins, shares in which currently trade at 12p offer, a market cap of £27 million. Personally, I think that the idea is ridiculous although as it would help make my holding worth six figures I would not complain. The Lemming explains his thoughts thus:
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