Share Name Share Symbol Market Type Share ISIN Share Description
International Biotechnology Trust Plc LSE:IBT London Ordinary Share GB0004559349 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 646.00p 646.00p 650.00p - - - 18,449 12:57:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -2.5 -6.9 - 247

International Biotechnol... Share Discussion Threads

Showing 401 to 424 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
23/1/2015
17:00
Ibt, biog, wwh; wish I had not taken profits on the way up. What great funds to have in your portfolio.
philo124
23/1/2015
11:26
Amazing run - i just topped up yesterday which seems a bit crazy - but perhaps not so mad looking a couple of years down the track (and still a slight discount to nav).
gargleblaster
23/1/2015
10:32
Marvellous
luckymouse
08/1/2015
08:22
Up 50% in 3 months and discount has narrowed from c25%.
philo124
08/1/2015
08:17
Still at over 10% discount to NAV but gap is closing and NAV is on a positive trend. One of my favourites in an exciting sector. Hopefully 2015 will be as good as 2014 and the trend continues...
barnold
19/12/2014
12:58
Just noticed that the NAV is up by over 4% since yesterday!
gargleblaster
19/12/2014
12:56
Thanks for that Peter. Going gangbusters at the moment!
gargleblaster
19/12/2014
10:38
They are allowing unquoted investments to come to their natural end while making follow-on investments as may be appropriate but have said that they will pause entering any new unquoted companies. This is part of employing a more risk averse strategy and avoiding binary events. They think that the average 12% discount is 6% in line with the market and 6% because the market is attributing a 50% discount to the unquoted portion of the portfolio. This not mathematically exact but you get the idea. A widening discount will see more buy-backs but this will increase the unquoted weighting. They see more M & A and IPO exits. The management fee will fall from 1.15% to 0.9% wef 1 March 2015 to reflect the lower requirements to monitor uq investments.
peter27
18/12/2014
21:59
More tomorrow with the Dow up 700 points!
philo124
18/12/2014
21:48
PS - the portfolio update today would only account for about a 1.2% increase in the NAV (5.7p), a relatively small part of today's rise.
gargleblaster
18/12/2014
21:36
Interesting Peter. Are you saying that they divested out of the unquoted's and re-invested back into the quoted's and this then gives a nudge up to the NAV? Any thing else of interest come up at the agm? Thanks for the above, and in advance for any further info.
gargleblaster
18/12/2014
18:17
At the AGM they said that they have decided to cease new unquoted investments on the basis that they are too speculative. An interesting decision considering that today's news has probably driven the price as it has added to NAV.
peter27
18/12/2014
17:48
New closing high - glad I did not take any cash off the table now!
gargleblaster
29/11/2014
17:15
It will be very interesting to be able to question them at the AGM in two weeks time.
peter27
29/11/2014
15:21
No I haven't but your summary is interesting and I will look out for it.
philo124
29/11/2014
07:45
Phil - Have you read Jim Mellon's book "Cracking the code" - great read about the potential of Biotech. One of his main points is that governments around the world cannot afford to fund our aging populations and therefore are putting more faith/dependency on healthcare and biotech sectors - i.e. they need to get the drugs approved and they are on the side of the sector - not putting barriers in the way. So probably not recession proof but people will always need treatment, drugs etc.
gargleblaster
28/11/2014
06:36
Not sure how long that will be but I read BIOG's latest accounts and it is certainly an exciting and bullish sector and promises real benefits for the whole world. I now also think that looking at 2015, where are investors going to find growth other than Bio and Tech? However are Bio and Tech really recession proof?
philo124
28/11/2014
04:40
peter - being an investment trust, they have borrowing facilities, so presumably they have increased gearing. It does seem bold, as we have seen Biotech shares correct sharply at times. However perhaps the newer management see long term value - I think the older management would have been more conservative. It can be a potential danger to always focus on the discount to nav (currently still about 12%). But in the long run this upward trend will continue imho. If of course they are correct then the additional borrowings boosts returns. As I said to Phil, I will only be looking to exit when this trust moves to a premium to its nav - which hopefully will be quite some time in the future.
gargleblaster
27/11/2014
20:37
They obviously think the discount is too wide as they have bought back an amazing 12% in the last couple of days. Where has the cash come from???
peter27
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.
philo124
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.
gargleblaster
13/11/2014
13:54
NAV 455P, thru £4.
philo124
03/11/2014
19:08
Sold 1/3 of SIPP.
philo124
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
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