Indivior Share Discussion Threads

[steeplejack] 03/2/2017 08:22

note on Indivior PlcCantor Fitzgerald today reaffirms its hold investment rating on Indivior Plc (LON:INDV) and set its price target at 300p.Story provided by StockMarketWire.com

[steeplejack] 09/1/2017 14:59

Yes,it reads well.

[gregmorg] 09/1/2017 13:39

Just read the various PDF slides to be used accompanying the JP Morgan Conference to be held in 2 days time. Bit strange its published two days beforehand but I am not complaining! All stills seems up quite upbeat. Answers on the litigation not discernible to me but I guess some progress being made. Market seems to like it. Re the stated revenue upgraded projection, I am not sure whether this is just a restatement from the last quarterly statement or not-- but am assuming so.

[steeplejack] 17/12/2016 15:18

Jeffries was the upgrade on 16 Dec....target price now 440p,BUY

[steeplejack] 16/12/2016 09:37

Not sure who has updated today but here's a list of latest forecasts.Yesterday was a tree shake then.Could make one rather cynical.Closing price Old price target New price target Broker change12-Dec-16 Deutsche Buy 289.60p - 395.00p Reiteration15-Nov-16 Deutsche Buy 346.90p - 400.00p Reiteration07-Nov-16 Jefferies Buy 352.40p 370.00p 450.00p Reiteration03-Nov-16 Deutsche Buy 369.00p 395.00p 400.00p Reiteration03-Nov-16 numis Buy 369.00p - 450.00p Reiteration26-Oct-16 numis Buy 314.50p - 370.00p Reiteration22-Aug-16 Jefferies Buy 320.30p 330.00p 370.00p Reiteration17-Aug-16 numis Buy 327.40p - 370.00p Reiteration09-Aug-16 RBC Capital Markets Sector perform 298.30p 185.00p 325.00p Reiteration26-Jul-16 Jefferies Buy 272.20p 285.00p 320.00p Reiteration19-Jul-16 Citigroup Neutral 268.90p - 280.00p DownGrade29-Jun-16 Jefferies Buy 239.50p

[bigboots] 16/12/2016 08:22

lovely upgrade today buy PT 4.80

[steeplejack] 15/12/2016 09:31

Litigation news?

[bigboots] 15/12/2016 09:28

Bit of volume coming thru, is there news out there, cant see anything on the wires...

[steeplejack] 15/12/2016 09:21

Someone thinks they have a story but since the stock is now well over a pound or some 30% off the years high,I guess I can only conclude I've missed the boat.Things are pretty feral at the moment and pre Trump,it appears easy to knock the stuffing out of a stock with little more than a Twitter.A perversely brave new world dominated by computer trading and spurious rumour.

[gregmorg] 14/12/2016 12:48

Will bear with it, as always, but the current malaise is becoming tedious. Mind you that's the current experience with similar stocks. They appear to react positively to good news but not much else and not for long!

[steeplejack] 08/12/2016 08:40

I think the CMA decision to fine Pfizer over the pricing of its anti epilepsy drug had a wash through effect here.Natter about unfair pricing,compromising generic competition etc,all potentially very relevant re anti trust allegations surrounding Suboxone.Time will tell.There's a witch hunt going on.

[gregmorg] 07/12/2016 18:06

Could well be right! I note the property market has escaped the Trump affect so far. Could I assume that he will pronounce adversely on that at some stage!!

[steeplejack] 07/12/2016 17:35

From aircraft to refrigeration and drug manufacturers,Mr Trump has a view on all things.I think with litigation in the wings,the price fall today was reactive rather than predictive but that's a guess of course.The drug stocks have lost their mojo in a market that fairly slavishly follows bonds in feeling that US growth and inflation are on the horizon.Many slip between cup and lip.

[gregmorg] 07/12/2016 17:24

Mm, Volume surprisingly high here. The R and D day is on the 9th December and starts at 7.30 am NY time . Obviously someone somewhere either knows or wants us to believe they know something. We are awaiting a further legal ruling on the various patent cases but this is actually a tad behind the envisaged schedule. Maybe Mr Trump has panicked a holder but I will sit and wait for news. Over the years in many/most stocks its worked for me.

[steeplejack] 07/12/2016 16:37

Trump's twitters have weakened sentiment towards drug stocks with talk of imposing drug price cuts.He's going to be a busy little bee when he takes office.He makes for a feral equity market with his unencrypted comments.

[steeplejack] 09/11/2016 08:52

And up go all the drug stocks on the Trump victory.Back in the 1990s ,I went to a Smithkline Beecham meeting.At the front of the hall was a photo of Hilary Clinton."You're probably wondering why we have this photograph here", said a member of the SKB team,"it's here to remind you that this woman is NOT the President of the United States!"The dislike of Hilary Clinton is pretty universal amongst drug companies emanating from all those years ago when she attacked their practises and profitability.Today we're enjoying a relief rally that she's not in power.

[ali47fish] 07/11/2016 10:39

remembr though that the litigation problem remains - i wont add until this is resolved

[gregmorg] 07/11/2016 09:49

Thanks for the link. It provides a great read.

[gregmorg] 04/11/2016 11:09

Steeplejack, only you and I seem to post on this one!

I listened to the conference call on the trading update and one question interested me. An analyst referred to the $220m legal provision and queried whether Reckitt had any potential liability.

Indivior stonewalled as it did on all legal provision questions but the CEO acknowledged, but only when pointed out, that Reckitt had made a reference to the legal situation in its last trading update(19 October although I missed it). I have pasted the extract below. Reckitt appears to be acknowledging that it could have some liability. Obviously some warrenties would have been given at the time of the demerger, as they always are in these situations. Maybe that statement spurred Indivior on to making a provision now!

"Indivior / RB Pharma related matters:

We noted in our 2015 Annual Report and 2016 interim announcement that the Group was involved in ongoing investigations by the US Department of Justice and the US Federal Trade Commission and related litigation proceedings in relation to certain matters relating to the RB Pharmaceuticals business prior to its demerger in December 2014 to form Indivior PLC and may incur liabilities in relation to such matters. These investigations and related proceedings are continuing and the outcome for the Group at this stage remains uncertain. The Company continues to work to ensure that these investigations and related proceedings are concluded or resolved satisfactorily."

[gregmorg] 02/11/2016 12:51

Mm, so the market likes the 3rd qtr.

The upgraded revenue forecasts for the year are encouraging as is the gradual development of the product pipeline. Could be great excitement down the line from these new products! Yet the litigation situation is to me so complex I just cannot get my head around it. It might be the $220m provision is the first quantification of downside possibilities and investors are reassured but at this stage that scenario seems too simplistic.

No doubt will learn more in time.

[bscuit] 24/9/2016 23:44

Article seems to suggest the generic plaintiffs believe INDV shouldn't have tried to find alternative delivery methods, which can be patent protected and where there are no generics. Hardly the attitude of the land of the free.

However I am concerned about the effect of the suit in the medium term, considering the behaviour of Illumina against NIPT and the effect on its share price

[gregmorg] 24/9/2016 12:52

Looking at the situation and without huge knowledge, the 35 States appear to be attempting to turn a corporate competive advantage into something else. Can see why the Company is vigorously defending its position.