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Is Biosensors a good buy?
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myopia
Member |
19-Nov-2007 22:02
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accumulated 50 lots ard 76cents. tot quite low already...then i juz sat back & relax...now so fed up...sigh...fed up also have to hold hold hold... |
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jackjames
Elite |
19-Nov-2007 22:01
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dcang84 I bought it at 67 and sold it at 95. I'm biding my time waiting for either price to fall or CE approval to come. Bro it will not hit 68 again unless the general sentiment turns sour and there is panic selling. The result from Walmart was positive and they have guided higher for the next quarter. The only wet blanket is the financial sector that is soaking investors to the bone. errr... dcang84, I am afraid hitting 0.68 again is just a "stone-throw" away... nothing is impossible.. I am waiting at 3 bids away 0.68.. price willing to put in again is 0.65 this time. |
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eurekaw
Master |
19-Nov-2007 19:50
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Looks like more people are going to dump this counter...looking at the falling rate last few days. |
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idesa168
Elite |
19-Nov-2007 18:18
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drop like that all die together.... |
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dcang84
Veteran |
19-Nov-2007 16:25
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Dun despair. It may hit new lows before bouncing back to life. |
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poppy_toyz
Member |
19-Nov-2007 15:40
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Since CE is not expected til Jan-Mar 08.....it make sense for shorties to look elsewhere for $$$ Poor souls who are still clinging on, continue to cling on hoping for CE approval to come one day.... |
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bengster68
Master |
19-Nov-2007 15:30
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General market no good, not enough buyers with confidence in BIG, sellers losing confidence and patience in BIG and jump ship, opportunistic shortists at work, short term traders cut loss and move on. One trading halt, everything will be restored. |
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poppy_toyz
Member |
19-Nov-2007 14:08
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aiyoh...this is not the only share dropping more than 3% on a daily basis over the last 2 weeks. I kena stuck with KS Energy. bloody hell, the stupid share also dropped over 3% on daily basis also!!! either get out and suffer great lost of continue to hold until recover (or suffer lagi greater loss!!) |
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spark_5920
Member |
19-Nov-2007 12:42
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Despite all the good news coming out recently this counter just keeps on dropping everyday. With every delay of the CE mark there is a risk of further erosion of its share price. Wondering when we will start to see the light at the end of the tunnel ?? Invested and holding, but suffering like all the supporters here. |
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cashiertan
Elite |
19-Nov-2007 11:40
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was abt to stop out this morning at 0.785. lucky the rise was short while and contd the decline. entering oversold territory thou thus may get some rebound, small or big dunnoe, in near term |
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cashiertan
Elite |
19-Nov-2007 11:31
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sori if my postings here offended anyone, i does feel that this co has much potential too. this is just for the update. i am still shorting it as of now. still holding to the half entry size which i havent clr. TA still looks weak. |
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allright
Senior |
19-Nov-2007 08:32
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Yes Bengster, I totally understood you correctly the first time round. Sorry, i was just trying to point out to the detractors that it wasn't a blunder and that the public will only understand what is presented to them. I think you have explained it so succintly ...so that we can understand the rationale for entering into the joint venture and the potential....As you have pointed out...PR skills on the part of BIG ??? |
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novena_33
Veteran |
19-Nov-2007 06:25
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when i read that report....it seem old news... writtern some time back... it seem that ANALyst is missing some thing here.... trying to buy cheap .... 
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bengster68
Master |
18-Nov-2007 21:56
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Looks like the CLSA Zhuo Zhengjie really listened to his boss and try to spread his report far and wide. I believe CLSA related fund will start to slowly bite BIG shares now. There have been so many cases that has been uncovered throughout history that the analysts and their asset management department are in cahoots and always make recommendations that are advantages to themselves. Retail investors that follow their buy/sell based on these reports are always at the losing end. Even OCBC internal circulation maintained TP of $1.21 but the report for public circulation dropped to 99cts. |
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dcang84
Veteran |
18-Nov-2007 21:55
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I bought it at 67 and sold it at 95. I'm biding my time waiting for either price to fall or CE approval to come. Bro it will not hit 68 again unless the general sentiment turns sour and there is panic selling. The result from Walmart was positive and they have guided higher for the next quarter. The only wet blanket is the financial sector that is soaking investors to the bone. X'mas is around the corner and the holiday break begins in mid Dec for Ang Mohs. and if we dun hear anything by then,it will be late January to end of March. |
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jackjames
Elite |
18-Nov-2007 20:57
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ha ha ha... aiyaa.. just a matter of time what... if you think it will get CE approval , you should buy when it is trading at 0.64-0.68 during that dead long period of time, and not when it cheong to 0.9 level... that is why human beings are funny lo... cheap cheap don't want to buy... my re-entry position is still remain 0.68... , regardless any broker said... |
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dcang84
Veteran |
18-Nov-2007 20:36
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Enuff said. Will someone get the f%@*king CE approval. Put a gun to their heads if u have to! |
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minesweeper
Member |
18-Nov-2007 19:40
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From the recent The EDGE - Broker's Digest Biosensors (Nov 15: 78 cents) TP: 79 cents MAINTAIN SELL. Biosensors announced a loss of US$11 million ($15.99 million) for 2Q2008, bringing 1H2008 losses to US$3 million, after recognising a one-off exceptional item of US$15 million for the previous quarter. Product sales grew about 10% but gross margins declined from 42% to 34%. Biosensors has completed the acquisition of 50% of JW Medical Systems and has also acquired certain businesses from a leading medical product distributor in Indonesia. Biosensors signed a memorandum of understanding with PT Kimia Forma. We believe the key drag to the business is the prolonged delay of CE Mark regulatory approval for BioMatrix. Target price of 76 cents. - CLSA Asia-Pacific Markets (Nov 12) |
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bengster68
Master |
18-Nov-2007 11:53
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I also mentioned here before JW deal will make BIG even more attractive takeover target. Not many foreign DES player are successful in getting into the china market. Plus, stent majors need a cheap (Made-in-China) and good DES like EXCEL (proven track record via 2,000 patients CREATE trial) to capture the new growth markets (domestic china, latin america, africa, pakistan, india and many other 3rd world countries). DES use is declining in first world countries but growing exponentially for 3rd world countries. This is were the new demand for DES will come from and it is still very undeveloped. They cannot afford to pay skyhigh ang moh brand prices but a cheap and good DES like EXCEL will definitely be a hit there. JW will be an important base to capture all these new markets. Plus, when you want over $3 per share for takeover and you are pricing your shares only 63cts for JW acquisition, how does your potential takeover buyer feel? |
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bengster68
Master |
18-Nov-2007 11:38
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Bro allright, i think you got me wrong. The value of the deal was issuing of 129 million BIG shares. The pricing of BIG's share was then at one almost historical low point of 63cts. They just took previous day's closing price which was 63cts. So, theoretically, the deal is worth S$81.3m. However, I feel BIG should have used the average 30 days MA price (which was about 88cts) to price the JW deal and make the deal worth S$113.5m. Afterall, the Chinamen sellers will still get the 129 million BIG shares, whether BIG price it at 63cts or 88cts. The market's perception then was BIG's management think their shares are worth only 63cts as they had issued so much new shares at 63cts. Even until now shortists have been using this "scare" tactics to tell people BIG's management feel their shares are only worth so low. But what the shortists didn't promote is JW acquisition is actually worth 6 times the acquisition cost and this is a very good deal. So this is a blunder and make BIG's share price suffer psychological stigma of 63cts. Good deal, poor investor PR skills. |
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