PAR 8.51% 25.5¢ paradigm biopharmaceuticals limited..

Guess it’s my turn.As I’m from the funds management industry,...

  1. 853 Posts.
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    Guess it’s my turn.
    As I’m from the funds management industry, first heard of PAR from a fund manager managing a small cap fund, read his thesis, thought this was an interesting story. This was a value play at first (Value vs Growth) so that’s what interested me, also the potential growth prospects. Started doing more serious research, discovered who was running the place - checked out management and their alignment (they substantial holding). I also reread some news stories, monitored for a few weeks. I was curious if the price action straight after Phase 2B results, why it dipped so much below on the day (but the rumors, sell the facts), and also CR. I though initially that this CR price would hold but it didn’t. This was a red flag initially.
    once I saw the bounce at $1.39 ish, it was on my radar again, then it passed CR price $1.50. I entered some above here.
    So I was a latecomer to this story, not like some of you lucky ones!
    The price dipped again but I bought some more at $1.39, then news came about secondary end points, biomarkers, peer review. I added more along the way and never looked back.
    btw, as I mentioned the fund manager who was present at the AGM was Michael Goldberg, there was at least one fund Mgr I saw.

    Anyone who is interested, I did a lot of studies and research during my times working for a corporate, Price Momentum is one of the most reliable indicators in identifying losers and winners.
    My take for what’s its worth, I think PAR will partner with a pharma company to take OA to market.

 
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Last
25.5¢
Change
0.020(8.51%)
Mkt cap ! $89.19M
Open High Low Value Volume
23.5¢ 26.5¢ 23.5¢ $263.5K 1.057M

Buyers (Bids)

No. Vol. Price($)
4 155790 24.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 80000 2
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Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
25.0¢
  Change
0.020 ( 6.38 %)
Open High Low Volume
24.0¢ 26.5¢ 23.5¢ 218514
Last updated 15.58pm 07/05/2024 ?
PAR (ASX) Chart
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