International Biotechnol... Share Discussion Threads

[philo124] 19/11/2014 08:32

BIOG going to Infinity and beyond.

[philo124] 13/11/2014 20:19

It's because they changed the manager and bought stocks in line with BIOG which trade at a premium to NAV. Despite my broker's reservations I accumulated IBT when at large discount to NAV-25%+ and it paid off. I sold a third recently as it was my largest holding in my portfolio. I return to UK tomorrow and might sell some BIOG where my initial purchase was at £1. I also hold WWH but I don't hold the tranche that I bought at 336p when Clinton was President. Tech and Bio Tech is the future but both sectors are prone to crashing now and again so I have taken £20k off the table if I sell a bit of BIOG tomorrow.

[gargleblaster] 13/11/2014 18:38

Amazing rally - up 30% in the last month and during that time I reckon the price has gapped up 10 times (clear gaps). Unbelievable strength - and still at an 11.6% discount to the NAV! Any weakness and I am topping up.

[philo124] 13/11/2014 13:54

NAV 455P, thru £4.

[philo124] 03/11/2014 19:08

Sold 1/3 of SIPP.

[philo124] 03/11/2014 08:10

Annual report rns; good read, doesn't take that long.

[gargleblaster] 01/11/2014 15:15

Can't argue with you Phil probably makes sense to take some money off the table- definite long-termer for me though.

[philo124] 31/10/2014 22:34

Well this was at 25% discount for yonks and I can't see this going less than 10% as for BIOG, they could go to a premium and have a buy back mandate in place if discount widens to more than 8%?? I think from memory.
Still hold £25k worth after sell today. If you were trading this stock then now won't be a bad time to sell. longer term holder? Don't sell.

[gargleblaster] 31/10/2014 16:23

I won't sell until they at least trade at a premium to NAV. There was always due to be a feeding frenzy for Biotech stocks (and has been in the past), and when UK investors cotton on that there are only a few Investment Trusts available the discount will disappear. When is goes to a premium then time to sell and go into a Unit Trust - e.g. Axa Biotech Trust imho.

[philo124] 31/10/2014 15:34

Overtime, in line with biotech growth, there will be setbacks but long term hold in SIPP. I bought BIOG at £1 now £6.

[timben] 31/10/2014 09:58

How far do you think they have to go Phil?

[philo124] 31/10/2014 09:04

Sold 20% of total holding, trading a/c holding. Rest 80% held in SIPP. Discount to NAV has halved.

[philo124] 30/10/2014 21:09

1mill buyback.

[philo124] 29/10/2014 08:07

My target is when their discount to NAV falls to 12.5%.

[timben] 29/10/2014 07:43

What is the target for IBT?

[philo124] 27/10/2014 16:34

I feel vindicated, at the moment. Also BIOG.

[philo124] 12/9/2014 17:38

Added today. Buy backs soon.

[philo124] 09/9/2014 11:44

NAV over £4!

[philo124] 30/8/2014 16:20

I read IBT's report and accounts and it looked to me they were moving more towards BIOG type holdings.

[bigwilly1986] 29/8/2014 17:32

I think it's because the NAV goes up more slowly - seems to be just as risky as BIOG without the upside. Pure discount play IMO

[dangreen86] 27/8/2014 18:03

Anyone know why this trades at a 30% discount to NAV? Compared to
BIOG which is nearly at NAV.

[philo124] 20/8/2014 09:53

25% Discount to NAV.

[philo124] 30/6/2014 18:21

A lot further to go imo.

[philo124] 23/5/2014 16:37

On the mend.