Amryt Pharma Share Discussion Threads

[papillon] 10/7/2017 12:57

Yes, I'm hanging in there greendragon. It's a risky AIM stock, but it has a high quality BoD and I believe AP101 has far a better chance of a successful outcome from the trials than an AIM O&G from an exploration oil well, plus there is current revenue from Lojuxta, though how much revenue will accrue to AMYT's profit & loss a/c during 2017 is currently guesswork. Plus the European Investment Bank (EIB) showed confidence in AMYT and AP101 to the tune of a 20m Euro loan! That confidence should not be ignored.

PS. Talking about AIM O&G's I notice that 88E sp, until recently an AIM darling with PI's, has TANKED today on the issue of a poor RNS on the results of their latest well. The 88E share price is currently down 44.55% at 1.53p. Around a month ago it peaked at 4.20p intraday. Ouch! Those optimists (suckers?) who paid over 3p in May & June must be cursing their luck and judgement!

PPS. I shall be looking, greendragon, to have a small top up in AMYT before the interims are issued in September. It's a good idea to sell AIM shares like AMYT on the spikes up on high volume, when good news brings out the buyers in droves and gamble and buy back in when all the enthusiasm has dissipated and the shares have fallen back and are languishing on very small volume and await the next spike up on a good RNS.

[greendragon777] 10/7/2017 12:26

Very wise Paps, defo not worth over extending. As you say it is still an AIM listed company and a Pharma so lots of risk in there. That said, I feel it has a lot more upside than downside when all factors are taken into consideration so I'm happy with the level of risk/ratio position I've taken on this one.

I look forward to having a beer with you if/when this one comes right.....even if it's a virtual one! haha

Hang in there Paps, this was never gonna be an easy ride! :-)

[papillon] 08/7/2017 23:38

LOL, greendragon. I'll have a rummage down the back of the sofa and see if I can find some loose change! LOL.

Edited. 9/7/17. I'm in no rush to top up, greendragon. Might be tempted to have a small top up IF the share price drops back to the 200 day EMA. It could act as support in the continuing absence of news (and we never know when news could arrive!). One thing I would never do is over extend myself and buy too many AMYT shares. After all it's still a rather speculative gamble! Not one to bet your house on! LOL. I'm content to keep AMYT as my only share and to keep my holding small; I'm not greedy! LOL.


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[greendragon777] 08/7/2017 20:58

Thanks for that Paps.....how about we all barrel in with a few more purchases and sort this chart out ourselves! Haha

[papillon] 08/7/2017 14:50

Well the share price has dropped below the lower uptrend line on the log chart. An uptrend that lasted around 7 months following on from the bullish EIB loan & Lojuxta deal RNS's in early December. Where the share price will end up before we get the next RNS is anyone's guess. One can't currently pick out another definite trend on the chart. At the moment what little volume we have is due mostly to small sellers. At what price buy volume will exceed sell volume again will, in the continuing absence of news, depend on the share price dropping to a level that it becomes attractive to buyers again. It could be that the 200 day EMA will provide support (currently just under 21p and still rising)?

The 14 day RSI is approaching the oversold level (sub 30), but as the following chart shows the RSI can remain oversold (below 30) for a long time and during that time the share price can fall significantly. We need to see the RSI in a rising trend again.


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[greendragon777] 08/7/2017 13:36

I can't say I'm familiar with that song but it's nice all the same......maybe I'm a tad younger than I give myself credit for! haha

Some really good observations there Papillon. I think the Nasdaq listing could be a big one but the criteria is tricky enough to meet so not sure how AMYT would fair on that front but hopefully it will get there at some stage.

I like that quote from your investor friend to half the targets and half them again! :-) They are effectively getting paid by the company they are promoting and also generally hold significant amounts of shares in the company too (they probably get paid in shares) so it's a bit of a rigged game in that sense.

That said, regardless of all that, if the company performs the share price will take off and the annalist's views become less relevant per se!

When Harry fills his boots we can all breath a sigh of relief! haha

[greendragon777] 07/7/2017 23:08

I can't say I remember that song Paps but I'm no spring chicken so it could be more to do with memory loss than not being old enough to remember it! haha

The only reason 20p would start to hurt me is because I don't have spare capital at the moment to add more shares to my portfolio so that would be painful from that perspective! Other than that it's head down until September or some other news event.

Surely the Chairman is getting ready to fill his boots.....does he really have to wait until September! haha

Those buyers will come Paps....as the ad for Magners goes...."all in it's own good time!"

In fairness, who would be buying shares on a day like this.....beer & bbqs should be the only thing on everyone's agenda! :-)

[papillon] 07/7/2017 22:29

They are the lyrics of a famous song, greendragon, which, unfortunately, I'm old enough to remember! LOL.

Looking at the chart, if today's closing price doesn't hold then we could be looking at circa 20p if we don't get news before the interims, bwtfdik?

PS. Jacksonpollack must be happy he sold when he did. I doubt he's in any rush to buy back in! LOL. I'll think about a top up if the buyers return and the share price and volume start to pick up. When that will be, who knows? Worth keeping an eye on the RSI. You'll always get a few sellers; what the share price needs is the buyers to return.

[greendragon777] 07/7/2017 18:18

Nice little poem to round of the week Paps, thanks for sharing (along with the charts too) :-)

I know we've hit a little turbulence this week but my position hasn't changed one IOTA (parden the pun on my Cryptos). As you said, the volumes are minuscule so I don't think it's anything to be too concerned about right now. I had to allocate capital to another project very recently otherwise I would build my position further on AMYT on these dips.

If the interim results disappoint in September, well that's another matter! haha It will still post a hefty enough loss but if the Lojuxta sales exceed earlier projections then it will have a very positive effect. Then we'll just need to wait until December for the next good news story......patience is absolutely key to this stock!



Hang in there and have a super weekend in the meantime!

GD

[papillon] 07/7/2017 16:37

News drives share prices, especially those speculative AIM stocks like AMYT. The share price might drift slowly down if we don't get any news before we get the interim results in September! There is a support level at circa 20p on the chart. Luckily AMYT is the only share I hold and I've only got around 15,000 and I'm still showing a profit on paper. Come on 'arry boy (our non exec chairman); buy some bleeding shares! LOL.

September in the Rain

The leaves of brown came tumblin' down, remember
In September in the rain
The sun went out just like a dying ember
That September in the rain

To every word of love I heard you whisper
The raindrops seemed to play a sweet refrain
Though spring is here, to me it's still September
That September in the rain

To every word of love I heard you whisper
The raindrops seemed to play a sweet refrain
Though spring is here, to me it's still September
That September in the rain
That September in the rain

[papillon] 07/7/2017 10:32

I also look at the Ichimoku Kinko Hyo charts. Go to and input London and AMYT. That chart went weakly bearish on AMYT on the 30th June after previously been strongly bullish. You can get these charts on advfn, but as Ichimoku uses intraday movements the advfn Ichimoku chart is unreliable (see my previous post).
The MM's are dropping the price today on low volume; perhaps to generate some buying interest?

Currently the share price is dropping down to the lower Bollinger Band That should act as support, as it did back in May, March & April.:


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[papillon] 07/7/2017 10:00

Thanks for the comments, tightfist, greendragon & Solomon.

My AMYT charts are based on closing prices, Solomon, so the lower trend line hasn't been breached yet. We'll have to wait until tonight to see if it's been breached! LOL. If it has then it probably just means that that uptrend is no more. Trends don't carry on indefinitely. The share price will probably continue to dip lower/flatline until it appears attractive again to buyers, or news arrives. I very much doubt if "knowledgeable" investors are selling because the current volume is so very, very, low. If it does dip lower I'll be keeping a critical eye on the volume and the 200 day EMA. It's possible the share price will retest the 200 day EMA as support, though I suspect that buyers will return well before then. After all we are back below last years 24p placing price. Simply amazing when you consider that we have had the 2 unforetold bulliah pieces of news since then: the 20m Euro EIB loan and the Lojuxta licensing deal!!

I don't use advfn's AMYT candlestick chart, which will show intraday movements, because for some obscure reason it's a nonsense! Historically it shows dramatic intraday movements that never happened! I've noticed the same problem with advfn's PVR candlestick chart. Both companies are listed on the Irish stock exchange as well as AIM so perhaps that causes advfn some confusion? Who knows?

PS I use the M oneyAM AMYT candlestick chart.

[tightfist] 07/7/2017 08:36

Hi Pap,Thanks for your chart interpretations, the channel formation has struck me a few times in the last week. This time of year is ripe for low volume share price drifting and I wonder if there is the will out there to support the channel floor very soon? Maybe tonight's Close will provide a clue, then I would add.At times like this I look for horizontal chart lines of Resistance/Support, and the share price to transition into range-trading. Around 21p looks to be that level, do you think we may go there in the next two months?Cheers, tightfist

[solomon] 07/7/2017 08:23

I do find pap's charts useful. Now that the lower uptrend boundary has been breached, where do we go from here?

[greendragon777] 07/7/2017 01:15

Nice one Papillon,great to know it still looks bullish. Looks like everyone is just in a holding pattern right now poised and ready for the upswing! :-)

[papillon] 07/7/2017 00:01

Another log chart. A bullish golden cross (50 day EMA going above a rising 200 day EMA) occurred on the chart at the end of December. The 50 day EMA is still above a rising 200 day EMA. The chart still looks bullish to me. The share price has been drifting down/flatlining recently on miniscule volume. Just 14,000 shares traded today. That's under £3.500. Astounding!


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[greendragon777] 05/7/2017 21:07

Haha....that would give it a nice little boost Paps, let's hope he fills his boots! :-)

Good point though that it might be a closed period until September!

[papillon] 05/7/2017 19:28

You never know, greendragon. Perhaps in the meantime the company will issue an RNS saying that our non exec Chairman, the legendary Harry Stratford, has put his hand in his pocket and buy some AMYT shares? I live in hope! Though is it a closed period at the moment for Director buys?

[greendragon777] 05/7/2017 14:31

Yeah I guess it's unlikely there will be an RNS between now and September unless they do another deal.....another Lojuxta deal would be nice! :-)

It's gonna be a long wait until September....time to get the popcorn out! haha

[papillon] 05/7/2017 14:17

It needs news (hopefully good news!), greendragon, to significantly move the share price We have the interims in September, but it would be nice to have news before then. Of course the company wont issue an RNS unless it has something to report. AMYT doesn't appear to go in for the common AIM practice of some companies of issuing RNS's like confetti when they really have nothing new to report.

[greendragon777] 05/7/2017 13:45

Summer time lull probably not helping either!

[greendragon777] 05/7/2017 13:39

Haha.....seems N. Lincolnshire like to destroy value in private enterprises!

Thanks for the chart P, it's getting a little tight on that chart but it just needs to hang on for another little bit....we'll get there! I was tied up the last couple of days, what have the volumes been like?

[papillon] 05/7/2017 13:34

Absolutely no investor interest in AMYT currently. Only a paltry 5,000 shares traded so far today.