Just for the newbies maybe buying today on the announcement.
why i like PYC and why u should buy it.
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.
Pfizer - announced today, upfront payment ~$0.5 Million, Milestone payment $134,000,000 + royalties on any successful drugs developed as a result.
Essentially if PYC can successfully get a Milestone payment out of one of these 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.
why u should buy pyc - short term target $0.30
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $559.9M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $185.3K | 1.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 166662 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 39575 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PYC (ASX) Chart |