1AI algorae pharmaceuticals limited

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Ann: Half Yearly Report and Accounts, page-7

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Captain Goodvybes

3,414 Posts.

564

23/02/17

20:50

Post #: 22858943

Originally posted by NZ Trader ↑

INCORRECT NEWS ,Annoyed at the very least. report states LCT loss is 42c per share

Column 1

1 Living Cell Technologies reports wider 1H lossThursday, 23 February 2017, 8:49 amArticle: BusinessDesk

Wednesday 22 February 2017 03:02 PM
Living Cell Technologies reports wider 1H loss
By Rebecca Howard
Feb. 22 (BusinessDesk) - Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, reported a wider loss in the six months to Dec 31 on increased research and development.
The company said its consolidated operating loss after tax was A$2.1 million versus a loss of A$1.4 million in the same period a year earlier. Its loss per share was 42 Australian cents versus a loss of 34 Australian cents a year earlier. The main reason was increased costs incurred during the clinical trial of Living Cell's NTCELL product to treat Parkinson's disease, as well as the cost of security the supply and manufacture of NTCELL, the company said. Earlier this month it received approval to begin treating six patients in group 3 of the trial at Auckland City Hospital.
This could explain the sharp sell down when we are only days away from completing Phase II trials.
Have informed LCT Public Relations.

Expand

I wouldn't get too steamed up about those kind of crappy little "analyses" junior staffers are asked to come up with a few paragraphs out of the day's ASX anns and this is what they come up with... always talking about eps with pre-revenue companies etc..

LCT Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $8.436M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$346	69.12K

Buyers (Bids)

No.	Vol.	Price($)
9	2490418	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	3429885	6

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No.	Vol.	Price($)
8	2389408	0.005
13	9572708	0.004
7	10463302	0.003
3	3650009	0.002
5	6915013	0.001

Price($)	Vol.	No.
0.006	3429885	6
0.007	4239995	6
0.008	227572	4
0.009	1664380	3
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