Btg Share Discussion Threads

[bargainbob] 27/5/2017 07:08

Interesting the children come out post results .

[harijan] 27/5/2017 00:22

Oh dear, a very angry old buffer who is too sclerotic to make any money on the Stock Market.

If you wish to look at ancient posts, how about this much more recent one?

"steeplejack - 22 Sep 2016 - 07:39:55 - 825 of 942 (Chi-Med)Hutchinson China Meditech Limited - HCM
Zzzz Zzzz zzz"

(Sic: that's it, that's the complete post!)


Lapidary, eh? And entirely consistent with his coruscating investment skills. LOL.

"Better things to do": please feel free to go and do them!

[steeplejack] 26/5/2017 22:08

Doctor 69.....another Circle Oil fan.Quite a little concert party here.Maybe we should start digging deeper .What a pitifully corrupted little board this is,with a little coterie of idiots (some near illiterate) who vote up each other's (invariably rude)comments.

Better things to do.

[steeplejack] 26/5/2017 18:01

What a pleasant character this man is.

Harijan - 08 Apr 2002 - 18:33:00 - 12838 of 25258 Telewest will recover - TWT

25258 Telewest will recover - TWT
I used to feel sorry for NADZ when humphybumbhy gave him such a good kicking on several occasions, but now he has shown himself to be such a complete idiot, I think he should get off this board and go and play with his punami. You don't think anyone really believes you are any good investor, do you NADZ? Everything you post is such rubbish you bring shame on yourself and your people. Quite likely you are a batty boy from a long line of batty boys.

[steeplejack] 26/5/2017 16:38

This is the pompous oaf whose diatribes you so admire.Harijan and Pythian both,the champions of the BTG board.Two little squirts.If I'd known a couple of years ago that this was the calibre of the BTG ADVFN devotees,I might have saved myself a few quid by questioning whether I should be sharing the same share register!

pythian - 29 Apr 2009 - 01:26:08 - 3646 of 18289 Circle Oil - Oil and Gas Exploration and Development - COP


18289 Circle Oil - Oil and Gas Exploration and Development - COP
I recently bought 100,000 of these. I've been desperate for good information on COP. However by my reckoning the last 45 posts have not been about COP in any significant fashion. I have done a statistical analysis of who is responsible for making these irrelevant posts. Here is the list of shame:



Hectorp 6
Brummie 5
Humph 4
MikeIDD 3
Investorjon 3
TomMalone 3
Panadin 2
Granville 2
Boozey 2
3 mahal 2
IvI arky 2
shiftb 1
Babylon 1
Share shark 1
Fxdealer 1
Steddieddie 1
Kcoldrick 1
Azalea 1
LR2 1
Steelwatch 1
Sambapati 1
Yawnzzz 1

A lot of these have been accusing others of wasting space and time! Judge for yourself please!!!

[cyman] 26/5/2017 12:17

I don't think we can shift the blame for the lower share price to shorters btg has always been a slow developer and spends years disappointing but eventually surges forward. I have been here since the mid 250 range with a current average of about 380 it has been good to me albeit slow

[dr biotech] 26/5/2017 10:16

I think there is a tendency to over analyze movements in the share price I've been on countless boards where there has been a lot of short positions and posters say words to the effect of "they want to get the price down so they can buy more" or similar.

As an occasion spread better, I short some shares as I think they are overvalued. There is no more to it than that. I obviously don't want to build a position (of course I also accept that my transactions are unlikely to affect the share price although they seemingly did recently in a very lightly traded co where my 10k sell dropped the price slightly). This is mostly the same with the hedge funds etc that have short positions in bigger companies. They just want to make money as the share price falls.

Thinking about it more deeply than that and analysing trades leads to madness. As I write this the share price is up but there are apparently more sells than buys... sit back, consider how long you want to hold the shares for and just look out for hard news, not daily price noise.

[pythian] 26/5/2017 10:10

You are thrashing about now, not very coherently, steeplejack. You are very fond of the sound of your own voice. Perhaps you should find another thread which will accept your constant portentous pontificating more readily?

[steeplejack] 26/5/2017 09:26

What theory?I'm not making any theory.I'm simply dismissing this ridiculous notion that BTG has suffered under some sustained shorting exercise that rears its head with varying degrees of strength.

I don't ordinarily access ADVFN BBs through anything other than through "mobile" access.For some reason,that means of access,doesn't show comments by Harijan.What a sad little individual,waiting for me to post and then denigrating what I say.In fact all his comments on the ADVFN board appear to be directed at abusing me.The BTG board is his 'exclusive' realm,he comments on no other boards.Yet,what a popular poster he is!!If he could break wind on this board in my direction it would be warmly applauded.

The fact is,this stock has been a lousy performer over the last two years .Seek your own explanation.Ask your team leader Harijan.

PS Just discovered I don't get your comments either Pythian on a mobile link.I see back in 2009 on the Circle Oil board Pythian that you went so far as to ostracise a long list of contributors who you judged had not posted anything of use.You're not overly displeased with yourself are you?Oh well,you're older now.

[pythian] 26/5/2017 09:12

It's not a conspiracy theory. It's a theory which explains why there are more fluctuations in BTG's shares practically every hour for years than can be explained by concurrent changes in BTG's real world performance. It's in the human nature to try to make a pattern out of what is happening but for this one, steeplejack, your explanation is a little bit silly. The facts do not fit your theory. Others here are making much more sense, I'm afraid

[steeplejack] 26/5/2017 08:52

There is a website that shows the short position now as I have posted.It's reliable.

I'm clearly incapable of quite understanding how this holding the price down so institutions can get on board operates.The short position is afterall created primarily out of borrowed stock.CFDs could be utilised,of course,and even spreadbetting might be used to advantage but to hold a stock down for a prolonged period of time is necessarily difficult if general sentiment is bullish.Perhaps there has been some illegal concert action to achieve this end?Thing is,that institutions are so dominated now by quarterly performance,even a few months of shorting might see the whole dastardly shorting conspiracy fall apart!

I'm sure the conspiracy theory will be roundly applauded here.The alternative that the company has failed to match best expectations over recent quarters is too horrible to concede.

In the two years that I have held this stock,it has fallen 20%.By comparison,my holding in Indivior has risen 120% and that in Dechra by 90%.

[doctor 69] 26/5/2017 08:11

SteeplejackI was in btg when they were down at 80p, at the time btg was one of the most professionally shorted stocks . Basically the price was held down by all means until insistutions got there holdings up . Eventually the shortest closed and a big bear squeeze rocketed the share price up . There was a website that tells you the short position I am back in here invested for steady growth over the years

[harijan] 24/5/2017 10:12

Ha! We now have a prediction based on a hunch based on a feeling in steeplejack's stomach. Was it engendered by that fierce competition presented by VHS to Varithena's prospects?

Strangely he has been telling us that HIS charts have been showing an imminent precipitous fall in BTG's shares. I wonder what happened to that!

[steeplejack] 23/5/2017 21:03

So,exactly who and where are these irksome shorters,these swathes of unwashed punters?Or could it be that in recent years,there have simply been more sellers than buyers.For choice,perhaps institutions have been reducing their weightings by not topping up their holdings of BTG as the equity market rises.Perhaps some have even lightened their holdings.Whatever,the reason,I find the shorter conspiracy theory "short"of credibility if you'll excuse the pun.I reckon that things are probably beginning to turn in BTGs favour.Yet,it's as much a hunch,more than any great insight which you all know,I don't possess.

[a1ord53] 23/5/2017 13:43

This company should be taking private by major shareholders and this will squeze all shorts and will give minority shareholders release from suffer holding this stock .
Management doesnt care of their shareholders - no divi no growth - just paying themselves huge salories and issuing new and new options.
I regret that I am still in instead of sell above 700 p

[spyder] 23/5/2017 06:14

Absolutely bargainbob. It is not often that you see the words "game-changer" in a news announcement!

[bargainbob] 22/5/2017 22:13

Good news update

[bargainbob] 22/5/2017 15:10

buywell on the case fhmktg .
Glad it bounced from the £6.20 level .

[fhmktg] 22/5/2017 12:01

A great boost today!

[buywell3] 21/5/2017 07:38

I don't like the chart here

A P/E of 73 and a repayment of around 30M due soon make me believe that previous lows in the chart header above are likely to be revisited again

Liabilities have risen


'' Current liabilities

Current liabilities increased to GBP165.5m (31 March 2016: GBP125.0m). Derivative financial instrument liabilities increased to GBP7.9m (31 March 2016: GBP3.0m) due to unrealised losses on foreign exchange forward contracts. Trade and other payables increased to GBP152.5m (31 March 2016: GBP116.2m) reflecting the underlying growth of the business and the classification of PneumRx contingent consideration liabilities to current liabilities from non-current liabilities.

Included within current liabilities is a contingent consideration liability of GBP28.2m (31 March 2016: non-current liability of GBP27.2m) relating to a $60m milestone which may be payable to the former shareholders of PneumRx, Inc. if FDA approval for the PneumRx(R) Coils is received by 31 December 2017. This milestone is reflected at its current fair value, which reflects the probability of receiving FDA approval and the anticipated timing of any such approval.

While the Group remains confident of FDA approval, the event which would require payment of the milestone, receipt of FDA approval by 31 December 2017, will only be resolved in the 2017/18 year. If FDA approval is received by 31 December 2017, the Group will record a fair value charge of GBP19.8m to record the liability at its full value of $60m. Alternatively, if FDA approval is not received by 31 December 2017 the Group will credit the income statement with GBP28.2m to release in full this liability. Any such charge or credit will be reflected in IFRS earnings but not adjusted earnings, in line with the Group's adjusted earnings policy.

Contingent liabilities

BTG is in a current dispute with Wellstat over the commercialisation of Vistogard(R) . Wellstat is seeking damages and to terminate the commercialisation agreement under which BTG obtained rights to sell Vistogard(R) in the US. A trial has been heard in the Court of Chancery of the State of Delaware but no judgement has yet been issued. The Group estimates the likelihood of material financial loss or loss of rights to the asset to be possible, not probable, and therefore no liability has been recognised. It is currently not possible to make a reliable estimate of any amount that may be required to be paid in respect of the dispute.''

dyor

[bargainbob] 20/5/2017 14:31

Novice well done , this will come good soon , fully suspect one year it will not pullback so hard after results.

[nervousnovice] 20/5/2017 13:10

Thanks bargainbob, but I stayed for my 20% and luckily didn't allow greed to takeover, I often sell too early but in this case, it was spot on.

[revoman] 20/5/2017 12:05

Thanks fhmktg, yes was aware of the sunk cash etc having been in these for nearly 20 years, SG&A just not an expression I know.

[fhmktg] 20/5/2017 10:42

Revoman,
Sales income less cost of manufacture less SG&A leads to contribution.
BTG don't set R&D and asset costs to individual sectors, but their internal accounting will deduct R&D, depreciation and tax before reaching operating profit.
So V needs to be generating sales of around £40-50 before it is really making a profit- plus the sunk cash developing the product- probably in the region of £400 million before it has paid off its debts!
Long way to go.