Means you make 100 times what you put in. I like to dream and try to find stocks where this is possible, although I recognise it is unlikely. So if BLT reaches a SP of $3.00, I will have made a 100 times what I put in. 32 cents would be a ten bagger if you bought today at 3.2 c etc etc.
Given that at the height of the first RNAi boom where one company with a smaller patent estate was bought for about a billion dollars by a big pharma it is not impossible. Benitec have a more dominant patent position with a better RNAi delivery system which could conceivably, if everything falls into place, and trials are successful, be valued at several billion dollars.
My more outlandish dream is that BLT works out the secret to immortality and it becomes a 10,000 bagger!
If one of the stocks I pick reaches the lofty heights of 100 bagger, I will be quite pleased ;)
BLT Price at posting:
80.0¢ Sentiment: LT Buy Disclosure: Held
