Forecasts 2024, page-7

1/. 2023 closing price = $24.50

2/. Will Neuren be taken over in 2024? = No (I'm tipping Q1 2025)

3/. If yes,
a which month? = March 2025
b at what price? = Between $10B - $15B USD, closer to $15B.

4/. If no, what will be closing price at end of 2024? =. I think it will be around $60

5/. If a takeover offer was to be made on 31/12/2024 what is the minimum price would you happily accept? = The minimum I would happily accept is $10B USD, which results in a fluctuating SP based on exchange rates but would be circa $125 per share.

I thought this was a really interesting exercise and went back and had a look at a previous post I wrote and that was interesting to reflect on given how far off I was on the post PMS share price - I was far too conservative.

These are my rough guestimates at SP in certain scenarios (and I might have the order or results wrong so feel free to swap Pitt Hopkins and Angelmans) but if everything goes well...

Pre PMS= $17
Post PMS= $21

Pre PH(midyear which includes 2 further quarters of revenue growth) = $23
Post PH= $27

Pre AM(midyear which includes 2 further quarters of revenue growth) = $27
Post AM= $35

At this point I am beginning to apply a significant multiplier effect given the 3 previous successful P2 trials

Pre PW(End of year which includes 2 further quarters of revenue growth) - $40
Post PW- $50