antibody, many thanks for your frank and mature response.
(I clicked on the thing that gives you a thumbs up... not sure that it means anything to people.)
You are spot on: I don't really know what I'm doing when it comes to MSB... which, self-evidently, is why I am here: to learn about the factors driving the share price.
By way of brief background, because I have never had the time over the past twenty or so years (full-on job and growing family) I have never been an active share investor. All I did was invest in the top large cap stocks (CBA, ANZ, TLS, CSL, WOW, WES; that sort of thing....a financial planner advised that was the way to go and he was right!).
The shares I own have done very well for me over the past 20 years, and have allowed me to retire early, which I am doing at the end of this financial year, and one of the things I want to do in retirement is become a more active investor.
I think most of the shares I own are expensive (I suspect; I don't know for sure, because I have thought that many times before and they've continued to go up), so I am looking to diversify into some higher-risk, higher return shares. As you say, higher-risk shares which have been heavily sold out, like MSB and other biotechs, or maybe some mining shares, such as AGO, or low-priced mining service companies, such as UGL.
So thanks for taking time to shed some light on some of the questions I was asking (for after all, that's what a forum like this is for, is it not?)
I have to admit that I'm still unclear on the role that market manipulators play, and I was interested to learn from people how manipulation had worked in a SPECIFIC mechanistic way in MSB's case (as opposed to Google-ing generic share price manipulation, which was what was suggested to me. I know in broad terms what share price manipulation is: I was just keen to hear from people how - in a practical sense, it had affected MSB). [I had never come across the subject of share price manipulation for a company like, say, CBA, so I am looking for tactile examples of where it is having a real effect, and specifically HOW it is occurring.]
As for shorters, my background in statistics (non-practising, mind you), makes me almost certain that short-selling has no impact on share prices other than over very short time frames. It, alone, certainly cannot explain MSB multi-year share price decline. Quantitatively, over a sufficient timeframe, short-selling and short-covering must neutralise one another. It's statistical axiomatic.
But your valuation insights have provided me with a very good distillation of where to focus my efforts in determining a valuation backing for the stock's $1.5bn of equity value. It's exactly the sort of starting point I was looking for, so thank you most kindly for that.
The milestone payments, in particular, are of interest so I will go away and do some work around those (I assume that, as their name suggests, they are to be paid to MSB at certain stages of clinical trials.)
I now have enough to go away and do some first principles modelling so I won't be bothering you again, hopefully.
Again, thanks for the pointers. I hope that I will one day also have sufficient knowledge on specific companies to be able to help newcomers in the way that you have guided me.
(For that is what a community notice board is all about, is it not? As opposed to: "I know stuff. You don't. So go away and work it out for yourself.")
cheers
Adam
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Last
$1.35 |
Change
0.105(8.43%) |
Mkt cap ! $1.541B |
Open | High | Low | Value | Volume |
$1.27 | $1.40 | $1.27 | $16.46M | 12.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 59739 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 59739 | 1.350 |
4 | 14088 | 1.345 |
2 | 47555 | 1.340 |
3 | 94633 | 1.335 |
4 | 66925 | 1.330 |
Price($) | Vol. | No. |
---|---|---|
1.360 | 5000 | 1 |
1.365 | 56441 | 4 |
1.370 | 140305 | 9 |
1.375 | 37954 | 3 |
1.380 | 113521 | 16 |
Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
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MSB (ASX) Chart |