Cobra Bio-manufacturing Share Discussion Threads

[imabastard] 07/4/2009 10:02

Does anyone have a 'fair' valuation assumption as a comparitive to the current £2 million market cap ?

[hyper al] 07/4/2009 09:21

ORT-VAC also has very large potential value, the recent success of ORT-VAC as shown by the RNS the other day, could be the another reason we have an approach

[the_doctor] 07/4/2009 09:16

jdb, think before typing!

I worked in validation, I know how much it costs to validate equipment.

My point was that the value of the equipment, training staff, implementing procedures, validating those procedures....would most likely be well over the current market cap.

While each specific new product and related processes would need specific validation, buying Cobra would seem a cheap way of setting up a pilot plant for certain companies. Location would be an issue, but still, transporting it and setting up again would still strike me as a quick and easy option.




Jdb2005 - 7 Apr'09 - 08:20 - 4182 of 4198
d*c - you do talk some rubbish sometimes - their plants are fully validated otherwise they would not have contracts to produce vaccines etc.

Don't attempt to short these !!!

Hyper Al - 7 Apr'09 - 08:23 - 4183 of 4198

Jdb2005

I think he means validating as in valuation of plant would mean that it would cost a couple of £m to buy

[c2b] 07/4/2009 09:09

If they chose to sell off the contents of the company, but not the limited quoted shell, would anybody object then ?

[jdb2005] 07/4/2009 09:06

Hyper - Mr & Mrs Dixon are the majority holders then.

[bones30] 07/4/2009 09:04

Thats right.

[hyper al] 07/4/2009 08:58

I think we are up 46% not the 110% advfn suggests

[hyper al] 07/4/2009 08:56

Jdb2005

This is from cobra website, you can tell they are in serious discussions as this info was updated on their website on 6 April

Mr & Mrs Dixon 43.9% 19,450,000
Pershing Keen Nominees 6.7% 2,983,500
Chase Nominees 6.6% 2,931,675
Vidacos Nominees 5.9% 2,615,213
Cavendish Asset Management 5.1% 2,272,000
Lynchwood Nominees 3.6% 1,590,000

Also

Peter Fothergill 0.7% 326,000
Peter Coleman 0.6% 280,000
Simon Saxby 0.6% 260,000
David Thatcher 0.4% 196,500
Michael Gatenby 0.3% 160,000
Prof Nigel Slater 0.3% 139,000
David Oxlade 0.3% 130,000

[jdb2005] 07/4/2009 08:51

Hyper - when there is talk of potential bid you start looking at who are the majority shareholders in a company. Cobra will not be sold off cheaply.

[hyper al] 07/4/2009 08:47

C2B

I agree some long term holders may suffer. But at this price it is a bargain

It happened recently with my investment in Stem. It was sold at a very low price, well at near SP, on the grounds that it was the best thing for the business and employees

[jdb2005] 07/4/2009 08:47

Lets give him the benefit of doubt - as a going concern Cobra must be worth several times its present low valuation.

[c2b] 07/4/2009 08:43

Who is prepared to make a "fuss" if a deal, if one does come, turns out not to benefit all shareholders equally ???

This company has a bad track record on fair dealing.

[hyper al] 07/4/2009 08:43

pegasus59

I think you should at the very least break even.

I have held a share in this for years, yep 1 share. Kept in error. purchased quite a few as soon as I could today.

We must not forget that the staff are also a major asset in this company.

[boadicea] 07/4/2009 08:34

Jdb - If you read the_doctor again you will realise that is exactly what he meant - i.e. a validated operating plant is worth much more than its bald cost of construction.

[hyper al] 07/4/2009 08:33

Think this should be at least around the 10p level, 8p at lowest.

[hyper al] 07/4/2009 08:27

current market cap £1.88m

Think it will be way above that, just for the manufacturing facility, add their business and this is way undervalued!

[hyper al] 07/4/2009 08:23

Jdb2005

I think he means validating as in valuation of plant would mean that it would cost a couple of £m to buy

[jdb2005] 07/4/2009 08:20

d*c - you do talk some rubbish sometimes - their plants are fully validated otherwise they would not have contracts to produce vaccines etc.

Don't attempt to short these !!!

[the_doctor] 07/4/2009 08:12

It has always been undervalued.
Just validating the plant would cost a couple of £m!

[jdb2005] 07/4/2009 08:08

Cobra note about talks with third party re potential bid for the company shows how undervalued it has become.

[the_doctor] 07/4/2009 08:01

They should have been in talks with a third party for years IMO, given looking for a buyer has always been an obvious option.

[hyper al] 07/4/2009 07:56

what is the companies current cash position?

[whowantstobeamillionaire] 07/4/2009 07:53

pmsl - you too have been noted..