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Hi AllTo me PXS is priced way below where it should be based...

  1. Lombard1
    772 Posts.
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    22/09/11
    10:54
    Post #: 8993921
    Hi All

    To me PXS is priced way below where it should be based even on conservative chances of winning the appeal.

    Let's assume

    25% chance of full approval (responders approach)
    Share Price $3.00

    25% chance Adults only
    Share Price $1.50

    50% chance no approval (Based on past appeals)
    Share Price 30c

    Total average is $1.27 - well above 74c
    It should be trading closer to $1 than 70c but in this market who knows.

    PXS Price at posting: 70.4¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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