I don't get your calculation.
61 in total, 30 approved.
ODAC approves ~50% of application.
Of those 50% rejected, FDA approved 7 out of 30, which is 23%.
Thus, disregarding what ODAC decision is, the % of approval from FDA is quite high, this can be calculated by (30+7)/60 (ignore the tie break) = ~62%.
Scenario 1: ODAC approval - That's 30/60 = 50% of getting FDA approval.
Scenario 2: ODAC rejects - That's 7/60 = 12% of getting FDA approval
using your criteria.
Worst case scenario (100-62=38%) = $1
Best case scenario (62%) = $15-20
Fair value = $9.68
Your math needs some improvement.
- Forums
- ASX - By Stock
- Much more risk than reward on the coming Friday
I don't get your calculation.61 in total, 30 approved. ODAC...
-
- There are more pages in this discussion • 12 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 MSB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.05 |
Change
0.080(8.25%) |
Mkt cap ! $1.198B |
Open | High | Low | Value | Volume |
99.5¢ | $1.06 | 99.0¢ | $4.930M | 4.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23545 | $1.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.05 | 339479 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23545 | 1.045 |
1 | 10000 | 1.040 |
8 | 181213 | 1.035 |
15 | 391706 | 1.030 |
1 | 15570 | 1.025 |
Price($) | Vol. | No. |
---|---|---|
1.050 | 339479 | 5 |
1.055 | 21365 | 3 |
1.060 | 376981 | 13 |
1.065 | 55888 | 5 |
1.070 | 93334 | 6 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
MSB (ASX) Chart |