ACADIA earnings, page-18

From Stackhead itself, “Tim is one of Australia’s best-known small-cap share analysts and business journalists. He has more than 30 years of experience writing for major business publications. He is known for the highly-respected Criterion investment column which ran for many years in The Australian newspaper.”

Wag, I don’t disagree with your “amateur verdict”.

Below is a link to my views on this matter, written 9 months ago now. I was right about the $20m cap raise, but wrong about the timing and the price (it was difficult to believe that, just one month later, the company would flog its shares for almost 20% less than they were priced at the time).

My view hasn’t changed, other than that I think ACAD could now get away with a takeover offer considerably less than the A$4.44 I hypothesized in my post.

An “embedded” NEU was indeed an ideal strategic fit for Acadia. No no wonder the comment during the Acadia conference call last week, in reply to a question on future business development opportunities, that Acadia really liked the risk profile of the trofinetide program and that it would be happy to make a dozen more investments like trofinetide were it given the opportunity.

https://hotcopper.com.au/threads/an...5417614/page-12?post_id=44937943#.YDy6nmhLiUk