I suppose I still think Ross is fundamentally honest and I keep hoping he won't stuff up again. But I really don't think he has a strong hand to play any longer. And to sell I'd have to sell at a loss.
For quite some time I've thought a takeover offer would almost inevitably get me back in the green - but there is little chance that Ross can get value in a takeover in my opinion. No bargaining power - the shareholders should have removed him. But in my opinion people like Sector ran interference on that.
The business model has completely changed - probably several times.
A couple of times Ross has caught me by surprise with what I considered to be bad news announcements. This is a second time - i don't think they need to be raising now unless they are considering doing some spending (like on GvHD) that I don't reckon they are ready to responsibly do. And I was also surprised by the Fujifilm pulling out of GvHD.
Another aspect is I'm still researching the industry and the field (I feel like I know the business) and I wouldn't want to switch from here to other stocks like Ex1 that is just about dead or MSB that I think is likely to get a knock back right now.
I actually keep hoping Ross will either make smarter plays or his team will - but I suppose there is denial in that and that is on me. I probably shouldn't have bought biotech shares as I don't stay detached enough and biotech is a pretty terrible industry to analyse - too many variables.
The tech is hard enough to analyse - compared to say iron ore or lithium - then you have regulators and government policies that can be all over the place.
- Forums
- ASX - By Stock
- Ann: Trading Halt
I suppose I still think Ross is fundamentally honest and I keep...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYP (ASX) to my watchlist
|
|||||
Last
26.0¢ |
Change
0.010(4.00%) |
Mkt cap ! $46.70M |
Open | High | Low | Value | Volume |
24.5¢ | 26.5¢ | 24.5¢ | $22.36K | 88.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 4125 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.250 |
2 | 31297 | 0.245 |
5 | 114215 | 0.240 |
2 | 121276 | 0.235 |
2 | 15173 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 4125 | 2 |
0.295 | 183892 | 1 |
0.300 | 85000 | 2 |
0.310 | 16591 | 3 |
0.345 | 6124 | 1 |
Last trade - 15.55pm 10/07/2024 (20 minute delay) ? |
Featured News
CYP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online