Biosensors   

Is Biosensors a good buy?

No point arguing to buy or to sell. Everyone should look at the US mkt now. If there is another case of Bear Stearns, I am sure all knows the answer what will happen to the mkt worldwide. If BIG is a big earner and potential of multi-bagger, I am sure it will be brought down too. If recession really hit the US, this BIG share price will be underwater for as long as the recession lasts. Lots of people were saying if this time US goes into the big "R", it's gonna be a deep one. Usual recession in US will last 12-18 months, this time will last 30-36 mths. How do you expect BIG's share price to go up under such circumstance? I am in fact ready for the "R", into lots of GOLD now! Cheers, and take care and be cautious out there!

 

Arbitrager, why last post? Anyone here chasing you away!

At least, I don't see any motive with you, when you tell people to sell. There are people like 7XXX who alway come here to try his luck, telling innocent people to sell after he shorted. If anyone take his words seriously, he/she must be dammed stupid.


If you are so confident BIG will drop to $0.55, why don't you short and post your position here for all of us to see.

 

One of the key business model of BIG is franchise system (like MacDonalds). The other half is their own usual operating business. What most people/analysts see is only the second half. If you study BIG's business model very carefully, you will appreciate this company much better. This is how technologically very advanced medical device companies like BIG make money with their intangibles like patents, prorietary IPs, drugs, PLA biodegredable polymer, top class clinical results, etc. And this is how a lot of small but technologically advanced pharmaceutical/medical device companies make tons of money. If you don't believe that this stock has the potential to give you 100% returns in 3 months, the very least you can do is don't sell your shares at current low prices. If you have some money and guts, you should buy BIG shares now. I always tell forumers never chase a soaring stock and buy only at grossly undervalued prices like now.

 

The first 50% China JWMS shareholders can start selling their BIG shares in Oct 2008 (one year withholding period). By then this company most likely would have been bought up. Im only urging people to buy now because at current price this stock is grossly undervalued. Other medical companies can go bust because their clinical trials are a failure (eg: the recent balloon and drug method) or they cannot commercial their products with regulatory approvals. Many revolutionary and big claims but most of the time these companies will fail. BIG has the best set of clinical results this industry has seen so far (proven already), Biomatrix CE approval, Nobori CE approval and fully own subsidiary China JWMS that has made US$16m in 2007 and going to make US$25m in 2008. Im sad that so many short term contra players losing money or people having fear created by shortists and dump their BIG shares cheap for shortists to cover back. Buy and hold for 3 months and you will see the results. 100% upside profit in 3 months at current prices.    

 

 

I REPEAT AGAIN:

SELL!!! SELL!!! SELL!!!

TP: $0.55, I based this on the company' current P&L losses and its ability to go back into profit in the near future.. as well as factoring the current market sentiments. If the economic condition continue to deteriorate, the TP can be going even lower..

Dun be overbullish on pharmaceutical and medical device companies.. there are so many such coys going bust without none of us noticing.. I am not implying biosensor will go bust now.. but i m just stating the nature of the sectors and coys similar to BIG.

Caveat emptor applies.. Do your own research on ur own. dun be blinded by the CE thingy. if its something so great, this burger will be selling like hot cakes with prices soaring rocket high despite the mkt sentiments. Refer to my earlier posts. I have been calling for SELL since 90c till now. See wat the price now? if you thinking of holding long term, this current price is definitely not the good level to sit in... more downside to come..

Its gonna be my last time saying on this counter. buyer beware. Just feel sad that so many ignorance newbies kanna burnt by this counter.

 

BIO ready to chiong!!!

 

Fin ally Bengster show his desperado shouting Buy Buy Buy...where is yr TP of $2-$3 now? Don't drag pple to their grave plse..with such large overhang may have to wait for years the TP of $2 to be achieved but now even $1 in 2008 appears not likley any more...U shd shout BUY BUY BUy when BIG is <60cts and everybody may join in then

 

I REPEAT AGAIN:

BUY!!! BUY!!! BUY!!!!!!!! 

 

I can tell you all the analysts forecast for BIG's FY2009 profit is confirm wrong. I have invested in pharmaceutical and medical device companies (many are USA based) and i know these analysts have missed out something. BIG at market cap of US$500m now, my calculations shows BIG's forward PE for FY2009 is possibly 4 or even lower. I will reveal my full detailed analysis for my forecasted FY2009 net profit figure at the right time. It will be very shocking for all the analysts and investors. These analysts have no clue and experience and forecasting companies like BIG. I have been consistently accurate in my first quarter, second quarter, third quarter profit/loss figure for FY2008 and my profit forecast for China JWMS net profit of US$16m for 2007. Those forumers who trust my fundamental analysis and have some bullets and guts should buy now. At such prices, the downside is really low and the upside is multi-bagger within year 2008. 2008 is going to be the year people can see how BIG is really moving forward to become a truly global DES powerhouse (provided BIG is not taken over).

 

BIG is a good counter, beside the CE ding dong game pulling its legs, just the others, the STI had pulled him down as well. Henceforth, I agree with Cash, ie when u see U turn on the market, there is no harm to put your fingers on BIG again.

For those who are and me, the BIG supporters, keep it up man. The Light, travelling from other Galaxies, with the speed of light, will be reaching the Earth already, he he. Cheers. 

 

Appreciate the advise cashiertan and francis but as i am in and i did follow up on my on with research after reading bengster i will HANG in there. hope i don't get hanged though. BTW this IS NOT RELATED to Biosensors but to show you the difference in US

For information ONLY and NOT related to Biosensors...

Cardiome Pharma Rises on Rapid-Heartbeat Treatment (Update1)
2008-03-17 16:19 (New York)


    (Updates with closing share price in fifth paragraph.)

By Kelly Riddell
    March 17 (Bloomberg) -- Cardiome Pharma Corp. rose the most
since July 2006 in Nasdaq trading after it reported positive test
results for a drug for rapid, irregular heartbeats.
    The drug, vernakalant, can be ingested and is Vancouver-
based Cardiome's lead product candidate. Doses of the medicine
act as an alternative to electronically shocking the heart into
normal rhythm or using older medicines. The intravenous use of
the medicine is already awaiting U.S. Food and Drug
Administration approval.
    Oral use of the medicine showed ``statistically significant
efficacy'' in the second phase of three clinical trials needed
before FDA approval, Cardiome said today in a statement.
    The company also hired Merrill Lynch & Co. to help it
evaluate partnership and acquisition opportunities, according to
the statement.
    Cardiome rose $1.91, or 31 percent, to $8.15 at 4 p.m. New
York time in Nasdaq Stock Market trading, the biggest increase
since July 2006. The stock has declined 8.6 percent this year.

--Editors: Eric Morse, Stefanie Batcho-Lino

To contact the reporter on this story:
Kelly Riddell in Washington at +1-202-654-1288 or
Kriddell1@bloomberg.net.

To contact the editor responsible for this story:
Colleen McElroy at +1-212-617-5057 or
cmcelroy@bloomberg.net.



[TAGINFO]

 

SAD to see BIG make so many ppl lose $ (in paper or realised) . Times like this, best is hit and run like what i always do and recommended with this counter. Love the volatility as the BB rigging this counter (very obvious if u can see) allow real traders to earn many times over. like i said earlier this counter is not for beginner or intermediate traders but for real traders or those who have really huge holding power.  

good luck. will enter when BIG tells me to do so..

 

As analyst said earlier, BIG will still in red until mid-2009. With current market sentiment, my view is stay aside is much viable. Take care. Cheers.

 

This company with CE approval, proven top class clinical results and 100% China JWMS should not fall to such ridicious low levels. Grossly undervalued now. I have already shown you just the valuation of China JWMS alone already exceeded BIG's market cap now.

2008 is the year Biosensors will show everyone that BIG will be a true global DES powerhouse (provided not taken over). Daily traded volume of 0.5% outstanding shares do not reflect the true worth of this company just because of Mr Market's horrible mood, temporary shortists disturbing and contra players cutting losses. Share price quoted is only momentary. Buy and hold for 3 months you should be able to reap handsome reward.

Grossly undervalued. Buy! Buy! Buy!

 

Thanks Bengster . I agree with you

 

Ask yourself why Weigao and Medtronic will agree to share swap 50% JWMS with BIG shares at $1.08 per share? JWMS contributed a significant chunk of WeiGao's net profit and why would WeiGao/Medtronic want to exchange a loss making company's shares and hurt their own PE? They definitely can foresee something most people/research analysts cannot see. These guys are international/global medical device players and industry insiders and they know BIG's real potential better than most of us. I think within 3 months we should be able to know why Medtronic and WeiGao did the 50% JWMS share swap.

 

Production and sales of drug eluting stents by JW Medical, which is 50% held by the

Company, recorded significant growth during the year. Development of international

sales is progressing well. During the year, the attributable profit of JW Medical to the

Group was approximately RMB58,958,000, representing an increase of

approximately 81.6% over the previous year.

*** JWMS made at least US$16m for 2007. My net profit forecast for JWMS 6 months ago was accurate. My forecast is it will make US$25m with future compounding net profit of at least 50% p.a over the next 3 years. Can list JWMS in China/ Hong Kong stock exchange liao. US$25m forward 2008 PE multiply by 25 times gives a valuation of US$625m. Biosensors is currently trading US$500m market cap. Now JWMS will be 100% owned by BIG. Just the valuation of JWMS already exceeded BIG's current market cap. With CE mark, profits will start rolling in soon for BIG. I disagree with the profit forecast given by BIG's CFO. At current share price, Im making a strong buy call with potential upside of 100% within the next few months when the real potential of BIG becomes much more obvious. I am convinced BIG will become a global DES powerhouse. 

 

 

Many have been induced into buying BIG and when anyone called for sell all sarcastic remarks will be hurled at U...A0123...where are U ..balme me for calling sell when >83cts..U shd have sold or i believe U nad bengster(group of conies) would have sold and buy back cheaper right...now even many analysts doubt potential of BIG..the truth is out...when the morartorium is over ..will open anyone floodgates of selling...how to go up with so amny scripts(>1billion share scripts) and now even crossing 85cts may be a problem with another overhang of share options exercisable at the price..the truth is out..avoid like a plague..yes buy below 60cts

 

DJ MARKET TALK: Weigao Valuation Fair But Biosensors An Overhang (2008/03/17 14:36PM) 0636 GMT [Dow Jones] UOB KayHian says as Shandong Weigao (8199.HK) share price has halved over last half a year, valuation has become reasonable at 24X 2008 P/E, 20X 2009 P/E. But says it will take time for company to remove investor concern about development strategy since it agreed to swap 50% stake in JW Medical with Biosensors (B20.SG) in exchange of 13.2% stake of Biosensors. Notes Biosensors expected to incur operating loss for FY09 (year-ended March) due to large R&D, clinical trial expenses, so Weigao''s earnings to be temporarily dragged by deal, but long-term prospect could turn brighter. UOBKH reviewing Hold call, HK$19.10 target. Stock down 2.6% at HK$9.40.(SUT