why i like PYC
Roche - Announced Jan 2009, upfront payment ~$1.0 Million, Milestone payment $XX,000,000 circa July 2011 + royalties on any successful drugs developed as a result.
MedImmune - Announced Aug 2010, upfront payment ~$1.5 Million, Milestone payment $98,000,000 circa Aug 2011 + royalties on any successful drugs developed as a result.
Rumoured deal? - might be announced < 3 months, similar arrangement as above.
Essentially if PYC can successfully get a Milestone payment out of one of these 2, potential 3 companies it will put a rocket under the share price.
Doing the maths (correct me if I'm wrong), if, in the next 12 months MedImmune makes the payment of $98,000,000 to PYC, based purely on cash value, PYC would be valued at 35 cents (98m / 283m shares) or approximately 6x its value. However at those levels if would be a potential takeover target with a Value of $200 - $400 m or 12x ($0.70) � 23x ($1.40) its current share price.
roche or new player ?, page-3
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20.0¢ |
Change
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Mkt cap ! $933.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $958.2K | 4.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 334614 | 19.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 379756 | 5 |
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