Renovo Share Discussion Threads

[madmonkflin] 16/2/2011 10:07

that don't make sense, if they did phase II trial on lover level skin damage they should have done the same for phase III.

[waterloo01] 16/2/2011 08:45

My guess here is that it doesn't work on deep scare tissue post major opps but does on more minor scars and more minor skin complaints. This leaves open the possibillity of a cosmetics deal, which in itself has significant value to a company like J&J. This and cash will underwrite a value in excess of 50p. Not sure if it would need any/many more trials as it's safety isn't an issue and it seems proved in lower level skin damage.

[daytraders] 16/2/2011 02:03

2bozmo - I will stick with panmure's 30P target myself.

Therefore, we reset our price target to
30p and re-iterate our Buy recommendation.

Panmure have a note out..
Renovo's phase III REVISE trial on lead product candidate Juvista failed to
meet any of its endpoints. The result was surprising and unexpected.
Although the press release and subsequent conference call failed to reveal any
detail, it would appear that the outcome was unequivocal and very clear. The
product does not appear to work. Be that as it may, net of assumed
liquidation costs the company has c20p per share of cash and a technology
value conservatively worth at least 10p. Therefore, we reset our price target to
30p and re-iterate our Buy recommendation. We downgrade our FY2011
forecasts by 32% and counter-intuitively increase our FY2012 forecasts by
32% as we expect the company to reduce its R&D investment in light of
Friday's outcome.

[madmonkflin] 16/2/2011 00:57

Just had a look at the article in the Lancey for phase II and all seemed to be working fine then. How have they managed to fu@k it up?

[hemehem] 16/2/2011 00:37

Anyone got links to the photos?

[hangs2left] 15/2/2011 22:13

groundhog day, didnt this happen on p2 in 2oo8 and share price dropped from over 200p to 59p. they rectified and came out with good results and then into p3. nothing good came of p3 and now they will reevaluate and come out positive from this. shire are not throwing this into touch yet.

[squire007] 15/2/2011 21:42

If your hiding here Sir ........ time to come home !!!!;-(

[ludl0w] 15/2/2011 21:04

2boz , wow , must pile back in then , fact

[bearhug2] 15/2/2011 19:02

Sorry Guys and gals for posting..but...Whilst the trial has (alledgedly) failed, does that mean its the end, i would imagine that the results from the other stages will be compared and examined for correctness then set aside and compared to these failed trials, Ferguson has put his soul into this company and product and im sure they are taking to time to evaluate whats gone on, for me there is such a wide gap between the successful trial and the failed one that something has gone wrong and i doubt its the product, the guy aint thick and he and the BOD would not have put this up for trial if they felt there was risk of failure..Something isnt right here and im sure the BOD are trying to determine what that is..

Having a go at them isnt the way forward..giving them time to evaluate is..I aint that experienced (and didnt get in at the top) but buying has continued and the share price appears to have stablised today..Just give it time for them to let us know and the media what went wrong..Im certain that trials in the past have been messed up so whos to say this wasnt?..the product (From the photos) ive seen works and you dont go into funding from majors without proof even before final trails...Something is wrong...

N.B i think its quite sad that folks come on here be littling pis they have lost money and rubbing it in..You deserve to lose all your funds..The investment made not just by pis invested but the BOD was based on successful trials not fairy dust...

Gl to you genuine holders and hopefully the Prf will find out wat happened and how to put it right

[sandbank] 15/2/2011 18:41

It is the shareholders who come out of this debacle - as one might say - bearing the scars.

The staff will all get generous pay-offs, the directors will do very well out of it all. All the creditors will be paid back in full...and of course HM Revenue and Customs will get every penny they're owed.

.......For shareholders though it's bathtime. Let us hope Professor Ferguson never, ever, gets to run another public company. His credibility,alas, is shot through.

[2bozmo] 15/2/2011 17:35

Nomura announced yesterday new 17p target

[vandyke2] 15/2/2011 17:33

Just a tale.Went golfing in spain last week.Great week sunny weather and good golf courses.Checked Renvovo early friday morning. Played the last comp a singles one and won the cup.Filled it full of champers and had a great night.
Woke up sat morning.Checked mt portfolio
All I can say is enjoy life while you can you don't what will happen next day

[hemehem] 15/2/2011 17:05

When do you think we'll get an update from Renovo? This week?

[addict] 15/2/2011 13:39

Momentum building here.Fortune favours the brave...but £44m in the bank also helps...

[daytraders] 15/2/2011 11:12

well loads of buying now and l2 very strong, was interesting as at one point both sales and buys were at 17p, talk about little spread, i think brokers target of 30p has made people realise there is value here whatever happens.

[strangled69] 15/2/2011 11:07

indeed - I think we will see over 20 before the week is out!

[addict] 15/2/2011 10:46

Shorters twitching here...

[daytraders] 15/2/2011 09:13

just pointing out that today is the 1st time were in plus territory since big fall, and L2 strong and alot of 50,000 buys keep going through.

[daytraders] 15/2/2011 08:36

oh and dont read anything into the charts above, LSE are still testing there new system, we closed 15.50 yesterday and opend at 16.5p, so up 4.8% so far today.

[daytraders] 15/2/2011 08:34

well big buying at close last night and more buying at open, and were up so far today, hopefully bottom is in.

[hedger123] 15/2/2011 08:28

Not the first Renovo drug to fail, has one ever succeeded? No. Hope it goes to wall just so we can see how much zero value is.

[strangled69] 15/2/2011 08:19

I am long!

[strangled69] 15/2/2011 08:19

Day - there are question marks at the end of point 4. Of course this has value!!!!