This may be an unpopular opinion, but I'm not sure how our current valuation warrants a buyback. If anything, that is counter-intuitive to the fact that we have just gotten great phase 2 results. If our stance is still to look for best value by keeping our options of going alone open (or at least being seemingly happy to going alone if necessary) then I would assume that the best way of doing this would be to begin multiple phase 3 trials and release those other indications in the mean time.
We either have something, or we don't. I understand risk appetite and investment horizons will differ amongst shareholders, but I think this is a no-brainer from NEU's perspective. If no one comes along with a decent offer, just keep moving along.
Like many here, I'm still in NEU for NNZ2591. To date it has not disappointed, but rather confirmed what we thought we had. Though I would like the share price further north and a TO offer Yesterday, I also realize that valuations tend to be undervalued in almost all Australian Biotechs. It's almost a discount because we're not an American company. Nonetheless, I think our valuation of around $2b is still reasonable in my book given that the market tends to value biotechs at peanuts until Phase 3 results. E.g. IMU is valued around $500m, OPT $700m, CUV $700m.
If we consider NNZ2591 to be equivalent to IMU and OPT, $500-700m, that means Daybue valuation is around $1.3b-1.5billion. My comparisons are not perfect but I want to make the point that, Yes: current MC is cheap, but so are the MC of a number of other biotechs.
Anyhow, I have bought parcels too at our prices as I was hoping $14-$17 might prove to be the low. If not, I guess, might to buy some more...
- Forums
- Charts
- NEU chart
This may be an unpopular opinion, but I'm not sure how our...
-
-
- There are more pages in this discussion • 10 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 NEU (ASX) to my watchlist
|
|||||
Last
$14.07 |
Change
-0.400(2.76%) |
Mkt cap ! $1.798B |
Open | High | Low | Value | Volume |
$14.47 | $14.53 | $13.99 | $7.843M | 552.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2150 | $14.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.10 | 1129 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2150 | 14.060 |
1 | 49 | 14.040 |
2 | 5301 | 14.010 |
6 | 5183 | 14.000 |
2 | 2328 | 13.990 |
Price($) | Vol. | No. |
---|---|---|
14.100 | 1129 | 2 |
14.120 | 493 | 1 |
14.140 | 1566 | 2 |
14.150 | 4156 | 2 |
14.170 | 600 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
NEU (ASX) Chart |