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2.6¢ benitec biopharma limited

Many stocks that dropped like this will trend sideways for many...

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stevesy

1,641 Posts.

446

03/10/19

13:07

Post #: 40706537
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Originally posted by lawrence1967 ↑

Its trading at a discount because the market looks forward 6 months. Trials cost millions and Benitec has no income and no partners. The company has just used the last of its raising capacity (without shareholder approval) and government grants are amortised quarterly with little expected this year because our only pipeline program was paid for by Axovant (USA). Government grants are paid to support programs we pay for as an Australian company .

There is no arbitrage play here. It has been trading under cash value for months. This is not news.

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Many stocks that dropped like this will trend sideways for many months before they start to move up again.

BS on the 6 months. This is trading at ridiculously low.

This will trade above 10c very soon.

BLT Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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