SRX

1.43%

17.8¢ sierra rutile holdings limited

Excellent post cafe. Says it all.....with nothing needed to be...

First 5 Last

Share
Profile

Follow
bendigo

7,987 Posts.

699

23/08/14

11:32

Post #: 13861293
Share

Originally posted by cafa ↑

To some extent it could be consider very cheap, or overpriced.

Market is pricing in a continued 20/25% growth. This may be achievable and past experience says it is.

There is competition in this space and market may get a surprise if one of the majors decides to market their own version of Sirsphere. If Bayer announced next week that they had an equivalent product and go aggressively marketed it then there would be some serious pressure on margins. As SRX sales ramp up the market becomes more attractive to the larger companies, especially if the trial results are 'good to very good' and they can see a much larger market. Stay vigilant to the nano companies who are in this space and may be able to claim equivalency as they would probably sell to a major as soon as they get CE / FDA approval.

Ignoring the risk above, we then need to take a view of the numbers and growth rate on various trial results. Will growth be 30%, 50% per year for a few year or even higher. You can do the numbers and estimate the SP at those times, and then discount back to a present day value. If you think the trial results will be in the very good area, and estimate somewhere around the 50% growth then the SP, IMO, is an absolute steal.

Take the blue shy vision discounted back to current SP and then consider the risk profile and whether you will get any notice of competition or if it could be a black swan event. What price if Bayer announced tomorrow they had an FDA equivalency approval for a like for like bead?

IMO, it fits my risk profile but do not ignore the risks. Sentiment would be strong buy, but I'm very top heavy already so I post hold which is what I'm doing.

Expand

Excellent post cafe.
Says it all.....with nothing needed to be added.

SRX Price at posting: $20.91 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

There are more pages in this discussion • 3 more messages in this thread...

First 5 Last

Add SRX (ASX) to my watchlist

(20min delay)
Last 17.8¢		Change 0.003(1.43%)		Mkt cap ! $75.34M

Open	High	Low	Value	Volume
17.8¢	17.8¢	17.5¢	$9.047K	50.98K

Buyers (Bids)

No.	Vol.	Price($)
15	7293686	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	1399496	11

View Market Depth

No.	Vol.	Price($)
14	6893686	0.175
4	1072000	0.170
2	27186	0.165
1	100000	0.160
1	387096	0.155

Price($)	Vol.	No.
0.180	1399496	11
0.185	86569	2
0.190	87847	4
0.195	500000	1
0.200	501294	11

Last trade - 15.01pm 26/07/2024 (20 minute delay)

SRX (ASX) Chart

Excellent post cafe. Says it all.....with nothing needed to be...

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Excellent post cafe. Says it all.....with nothing needed to be...

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News