Hmmm!
https://hotcopper.com.au/threads/share-price.6359591/page-10572?post_id=74193939
- NEU's share price hit $15.60 shortly before the trading halt was called for Phelan McDermid results.
- The NEU market cap peaked later that month (Dec 23) at~$3bn ($25.11 per share).
- Here we are today at ~$2bn market cap ($15.60 per share), shortly after the third successful Phase 2 readout, in Angelman syndrome.
- The most recent share price peak was exactly 4 weeks ago (17/7) - $22.14.
- This was the same day Milford ceased to be a major shareholder.
- Milford declared its average buy price had been ~$15.53.
- In the 4 weeks since, the share price has fallen ~30% to, well, just over $15.53.
- NEU's meeting with the FDA occurs next month – so any time after a fortnight from now.
- That meeting is crucial for determining the costs going forward to develop NNZ-2591 – which is crucial information for both Neuren and any potential acquirer.
- It’s quite possible an offer could come shortly after that meeting.
- Were a company to be interested in acquiring Neuren, it would naturally be very keen to see the share price “contained” before presenting its “attractive premium” offer.
- Personally, I'd be exceedingly disappointed with a $25 offer and I am also exceedingly disappointed that the share price has been taken back to where it was before the first of the three successful Phase 2 readouts for NNZ-2591.
- I’ve presented the case of Viralytics before, but here it is again as a refresher.
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Last
$13.63 |
Change
-0.020(0.15%) |
Mkt cap ! $1.746B |
Open | High | Low | Value | Volume |
$13.70 | $13.76 | $13.56 | $2.958M | 216.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 245 | $13.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.63 | 95 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 280 | 13.620 |
11 | 1116 | 13.610 |
5 | 554 | 13.600 |
2 | 219 | 13.590 |
4 | 1189 | 13.580 |
Price($) | Vol. | No. |
---|---|---|
13.640 | 461 | 8 |
13.650 | 549 | 8 |
13.660 | 249 | 3 |
13.670 | 328 | 4 |
13.680 | 296 | 2 |
Last trade - 15.39pm 17/09/2024 (20 minute delay) ? |
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