broker report

  1. 11,795 Posts.
    lightbulb Created with Sketch. 1727
    I don't hold, but intersuisse has put out a buy on bno today:

    Bionomics Limited BNO Friday, 14 December 2007
    The First Phase I Clinical Trial To Commence Soon!
    Recommendation Speculative Buy Target Price $0.56


    Historically, Australian biotechnology companies experience a strong upswing in the share price as speculative investors postulate on the outcome of the Phase I trial and sophisticated investors take a position due to the decreasing downside risk and higher probability of returns in the form of license agreements.
    We retain Bionomics as a Speculative Buy, to the investor knowledgeable and tolerant of the risks associated with biotechnology stocks.
 
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