Phytopharm Share Discussion Threads

[melodrama] 18/2/2013 13:34

Mrs Ape, sorry about today. As you know i bought in very recently, only a small amount as i was wary of the decline on around 11th Jan on no news and quite high vols, thought it could poss have been a mini leak of bad news around then, but then price recovered. I sold on Friday, i just couldn't see buyers really committing on Thurs/Fri, and maybe i was lucky here, it looked to be forming a Wave 2 post Wave one, but the Wave 2 was looking more and more like a triangle, which you never get as a Wave two, that was catalyst to bail. Investing in AIM stocks is like being an extra in the Hurt Locker, Bombs everywhere, but some Gems. So far no bombs, but no doubt one will hit sooner or later, has to happen. PS i did end up selling the small holding in Summit.

[binladin] 18/2/2013 13:25

could go to 1p in the afternoon

[alchemy30] 18/2/2013 13:09

1242 GMT [Dow Jones] Phytopharm (PYM.LN) shares have slumped more than 81% to 1.88p after a disappointing update of the phase II trial of Cogane. Edison Investment Research says the drug now faces a bleak future. "The failure of Cogane to demonstrate a neuro-protective/regenerative effect in its most comprehensive clinical study does not bode well for attracting further investment in amyotrophic lateral sclerosis," it says. Adds that, given a lack of viable alternative pipeline options, the company's key assets now appear to be its cash reserve, a full listing on the London Stock Exchange and GBP55M in accumulated tax losses. ([e-mail])


Tax losses will attract a buyer imho

[duncandisorderly] 18/2/2013 11:19

nothing better than Binladin losing money.

[binladin] 18/2/2013 11:06

worth 1.5p imo,,,

[induna123] 18/2/2013 10:59

good point bin.

[binladin] 18/2/2013 10:57

yes they have burnt the cash but the knowledge thsat these companies have acquired is worth something to the pharma giants,that is where the value is and it will stop the big pharmas from making the same mistakes themselves...
in effect they could start where these boys finished together with their own research dept..

[monkey puzzle] 18/2/2013 10:52

AIM start up pharmas are the PI graveyard......happens again and again...cash burn, placing, test results, more cash burn, placing, more test results, more cash burn, more placings until the gravy train runs out of steam...

[induna123] 18/2/2013 10:51

Simon, look for a dead cat bounce. You know about supply and demand, tight spreads, overhangs ect...

[34simon] 18/2/2013 10:48

KNIGEL

That means nothing to a Bio, cash burn will be high, what happens if they shut down, will be plenty of costs, I cannot see any value now.

[binladin] 18/2/2013 10:48

so it worth 3,5p with cash and good will as a trading concern.....

[knigel] 18/2/2013 10:45

Got some at 1.95p as this is below CASH NAV of circ 2.5p if you read the last results GLA

[binladin] 18/2/2013 10:38

straight up now to 3p........looks like big buyers in the background......

[monkey puzzle] 18/2/2013 10:33

Yet another truely awful P&D from TopFlop and Co......biter got bit badly this time though....they need another big P&D to make up for this one.

[binladin] 18/2/2013 10:18

i reckon a quick takeover by glaxo or norvartis could be in the pipline...
taking out competitors in a ruthless business is the thing to do...

[binladin] 18/2/2013 10:14

if it is same a placebo then its not a failure...

[induna123] 18/2/2013 10:07

You don't care what cash they have. All you are looking for is a dead cat bounce to make a quick 100% profit. You may get it, you may not.

[34simon] 18/2/2013 10:05

Topinfo's posts on his thread are funny, he will try and wriggle out of any disaster call wont he !

[binladin] 18/2/2013 10:02

they have enough money until march 2014.

[mrsapeslaptop] 18/2/2013 10:01

big shame.

it is almost a one trick pony.

The accumulated tax losses are worth 3p a share. The ALS program may surprise.

Ive got a personal enterprise value now of 5p per share. but that assumes several things. Good Luck all. (mostly institutions that got burned)

[induna123] 18/2/2013 09:58

LOL, binladin just bought into a one trick pony who's trick doesn't work.

[binladin] 18/2/2013 09:55

the above is shorter...wanting to screw the co even more..