Bioprogress Share Discussion Threads

[azuli] 13/9/2007 16:35

"Our new website is currently under construction. The update will be ready in the autumn" - judging by the length of time previous website "updates" have taken I reckon that'll be autumn 2012.

[garbil] 13/9/2007 16:35

pl,

Many thanks for providing (and helping keep moderately sane !) what has undoubtedly been the best BPRG thread since we listed on AIM.

Well done, sir.

[debaleb] 13/9/2007 16:34

See the joint broker rumour from the tier 1's joins their never ending run of wrong predictions, wonder what the next one on their list is!?

Email circles; don't you just love them.

[boobly] 13/9/2007 16:34

405 @ 48.5p ! lol !

The Games continue !

[aerotus] 13/9/2007 16:33

I believe the forces that be are holding down the price until the name change so that the press do not report "BPRG surges 200%" as that would cause confusion with the new name!! Should rise from tomorrow!

[nick2412] 13/9/2007 16:33

Excellent EGM. Very good to meet Spacecowboy3, Rod and others who don't post on here.

The presentation was well led by RT with impressive and enthusiastic presentations from both Keith Hemmings and Steve Martin. Insightful contributions also came from the Melbrosin German guys. They are contented holders, Keith Hemmings has bought shares and it came across as a happy capable team that work very well together.

In short it seemed clear to me that Meldex is being turned into a cash cow.

I came to listen as well as inquire and, after all, the guys there will have an infinitely better understanding of how to take the business forward than most of us armchair critics on here. It's clear that they believe they do have the marketing capacity and distribution network to, in some instances, tackle blockbuster markets with their own products as opposed to partnering.

This is exemplified with the migraine product. Steve Martin's talk suggested the latest data confirms the company's belief that the product is superior in several ways over the leading brand. If Meldex believe they have no need to partner it out then it makes sense to make 60 to 70% margin rather than take a small royalty from a partner. Meldex stays in control in terms of timescales and many other factors.

Post presentation it was confirmed that there will be in-house tabwrap products in the shelf in 2007. I think this is in line with existing public domain statements but it's good to hear it so unambiguously.

The business is being run impresively with a single-minded clear strategy. I'm convinced as much as can be with any stock that this will be bring good returns for shareholders.

I think it was Hirral Patel who reiterated the broker figures of £30m for 2007. These figures were produced before recent revenue enhancing news releases. This suggests the company are confident of meeting and probably surpassing that figure.

Smoking cessation is on track. Meltums format has added value. It wasn't stated outright but it was implicit that the added value that the Meltums development has bought may have put SCP back by a minor duration. The problem with assessing timescales is that the company say it is on track but we only know the analyst expectations of 'on track' rather the company's. Maybe it coincides maybe it doesn't.

Swollo and liquid fill variants (Septum) remain as development projects but given they are not as rewarding as Tabwarap/fastwrap, meltums, solupol then they are not a priority.

I just don't know what or when will be the trigger for a re-rating. There are a lot of stale bulls in the stock and admittedly I was one but I have a clearer understanding of the strategy and I am content to let the market catch up with events. Re-rating may come next week, after SCP, once tabwrap is on the shelf, once RT has managed to find a way to get the success story across to institutions, after an opportunisitic bid or even, most pessimistically, after 2008 figures. Yes, it may just be figures the market needs. I feel a re-rating is inevitable (dyor etc.) but I just don't know when, in fact, I am just mystified it is not already happening.

I'll just be taking a relaxed approach to the investment and posting rarely if at all on the stock. The board do need to work on getting the success story across to fund managers and the broader investment community via the media. I think this the area the company need to focus on and improve.

The advfn boards and the accompanying understandable impatience and thirst for daily news, rumours and deals perhaps do the stock few favours. I guess it will be still be a trading stock for many but my own view is that this is a buy and hold over an 18 month period if the company manages to remain independent. As ever, time will tell. Sorry, will not be able to answer any follow-ups but hope this summary is useful.

[jv99] 13/9/2007 16:33

bio website up-dated

[m5] 13/9/2007 16:33

Tayyo, no still BPRG mate. Tomorrow is a new start, :-)

[tayyo] 13/9/2007 16:31

LOL - Tabwrap deal announced and down for the day with the FTSE and DOW flying. Only MDX!

[stockysocks] 13/9/2007 16:31

Bioprogress RIP (shed tears-not)
Long live MELDEX INTERNATIONAL (lick lips excitedly)

[boobly] 13/9/2007 16:30

Well , it would seem that who ever is throwing BPRG out of the cot , doesn`t want MDX to replace it in the morning !
Big Bounce ?

[sheep_herder] 13/9/2007 16:28

I love the way the RNS confirms the name change to Meldex and then refers you to www.bioprogress.com for more information. When does the summer student writing the RNS' get replaced?

[handycam] 13/9/2007 16:22

Meldex. Not a very good name. Sounds like a typical plc in the annals of history which ended up suspended.

Of course, I hope the opposite, but there's no getting away from the feeling.

[azuli] 13/9/2007 16:16

So, MDX it is then.

[boobly] 13/9/2007 16:06

OK ! RT ....Forget that `Lovely Dettol Lady`

You can wheel in The Fat Lady now , I want to hear her sing !

Bye - Bye - BIO - Bye - Bye !

[nav_mike] 13/9/2007 16:05

We prolly will hear that Glaxo are moving their entire range onto xgel...should be good for a blip up to 54 before dropping to close level

[alchemy] 13/9/2007 15:56

ok signing off now ..hope other reports are furnished but ... given time this is big imho.

Spose we'll get a formal RNS about name change ..wonder if we'll get anything else...?

good luck all.

[the_equaliser] 13/9/2007 15:55

Was n e insti - fund mgrs there

[alchemy] 13/9/2007 15:51

oH ! I see , same ol` story , anotherbloody day in Paradise !

lols

the egm was very polished... and that's a fact as that lovely dettol lady says.

a very polished egm 3 letters ..anag..

[boobly] 13/9/2007 15:43

What happened ? !!!

oH ! I see , same ol` story , anotherbloody day in Paradise !

From what I can see - irrespective of `some` manipulation that has been going on - for what reason I know not - `Somebody` has used today , and other positive news days , to dump stock big time .

45000 Was hanging around on the offer for ages , the second it got taken out we started to go forward , only to find 35000 put up to halt any advance ,(Now 18457) and there`s a nice little back up at 52.75p 25k & 53p 50k . Doh !

The good thing is somebody IS buying , AND the seller , whom I assume is a major investor with an irreversible policy , will be cleared out one of these days .

The best news is Todays RNS , the positive EGM , and the arrival of MELDEX .

No reason to hold anything back now , and every reason to get the PR machine fired up and bellowing .

[shesheny] 13/9/2007 15:40

aerotus, lets hope they are done selling soon and allow us to move up, on a brighter note it looks like the Dow is settling down maybe the subprime crisis has been overdone. If thE Dow and the FTSE can settle down and avoid more dramatic falls it's good news and one less problem.

[m5] 13/9/2007 15:37

NJP, thats if their main concern is to make money/realise the best price!!

Aerotus, maybe.

[aerotus] 13/9/2007 15:28

Certainly seems like we have a forced seller. This would be far more likely than somebody manipulating the price imo.