re: stem cells CYN has hit lows of .375
Seems very undervalued at these levels.
Currently making just under a million a quarter with revenue rising sharply.
Anyone have any opinions?
Intersuise Research report - http://www.cygenics.com/pdf_industryNews/in_1204.pdf
Valutech commentary -
CYN - Cygenics Ltd.
This Singapore biotechnology company moved its headquarters to Melbourne to list on the ASX in June 2004. Since listing, shares have fallen 60%, mainly since November. The market value of the company is $27 million which is reasonable as revenue is increasing significantly and if this continues, fundamentals should support value eventually. (1/6/05)
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