ALA 2.70% 19.0¢ arovella therapeutics limited

Beale I always had a good feeling that SUD SP would largely come...

  1. 2,120 Posts.
    Beale

    I always had a good feeling that SUD SP would largely come back. The SP was way overvalued comapred to a Price earnings basis. Applying a bit of technical analysis, the first run is always the biggest, then the big sell off approaching a level of uncertainty. SUD have an interesting portfolio of products. But the big question, is how much cash are they burning at the moment with consultants etc. And how long will it take to bring their products to market.

    Meanwhile Biotech sector has been sold off in recent weeks and everyone is diverting their attantion to Nickel stocks.. So there could also be a wider market portfolio readjustment.

    I watch SUD with interest, they need to ink a deal quick smart if they want to restore integrity back to their SP. The cash grab and freebie shares and options by Directors has put a large cloud over the word "Integrity" by shareholders.

    Good Luck
 
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