Furthermore, suggest that you look at the Glaxo price and then tell me whether the price reflects the outrageous valuations that I am hearing on this forum.
Price fell on Friday and it is up 4% today. That is far from the value and earnings of 100m per annum.
Maybe the London market knows a little more. I suggest you do some calcs in terms of value using the 4% jump as the NPV that the market has factored into the price. You might be unpleasantly surprised.
I'll stick to my 1.10 close tomorrow.
BTA Price at posting:
$1.58 Sentiment: None Disclosure: Not Held