why i like PYC
Roche - Announced Jan 2009, upfront payment ~$1.0 Million, Milestone payment $XX,000,000 circa July 2011 + royalties on any successful drugs developed as a result.
MedImmune - Announced Aug 2010, upfront payment ~$1.5 Million, Milestone payment $98,000,000 circa Aug 2011 + royalties on any successful drugs developed as a result.
Rumoured deal? - might be announced < 3 months, similar arrangement as above.
Essentially if PYC can successfully get a Milestone payment out of one of these 2, potential 3 companies it will put a rocket under the share price.
Doing the maths (correct me if I'm wrong), if, in the next 12 months MedImmune makes the payment of $98,000,000 to PYC, based purely on cash value, PYC would be valued at 35 cents (98m / 283m shares) or approximately 6x its value. However at those levels if would be a potential takeover target with a Value of $200 - $400 m or 12x ($0.70) � 23x ($1.40) its current share price.
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $676.5M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $624.7K | 4.470M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 469075 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 486894 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 469075 | 0.140 |
8 | 473657 | 0.135 |
3 | 500900 | 0.130 |
4 | 509014 | 0.125 |
13 | 749215 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 486894 | 4 |
0.150 | 161228 | 3 |
0.155 | 301411 | 4 |
0.160 | 925576 | 5 |
0.165 | 428000 | 2 |
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