CEO believes 10% of the market every day of the week. My words not his. But I spent a lot of time chatting about this subject. Market will grow with Spontan but current market estimates suggests 10% is $6b. That’s a share price of $60. Discount for risk. Target SP will be closer to $20. Which is $2b. IMO they will blow past this revenue number quickly. Also IMO the risk of not getting FDA approval is near zero. But markets are markets so will price in risk.
Today’s sellers are likely to be Bell clients who are funding new shares payable today and tomorrow. The other seller is one who has accumulated lots of profit from IPO and pre ipo.
LTP Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
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