thensidetraders stockpick peptech ltd

This weeks stock is Peptech LTD (PTD)

Peptech's principal activities include undertaking research, development, production, formulation and marketing of peptides, and related products for the the pharmaceutical, veterinary and agricultural industries.

Peptech has recently posted a half-year net profit of $5.5 million, a strong cash position of $41.9 million and a 33.6% majority interest in leading UK drug development company, Domantis Limited.

The stock has been in a decline of recent times yet there seems to be a positive outlook and signs of buyer support are showing

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I don't hold.