As my previous post this latest RNS of contract valued £2.5 million on top of others announced this year seems to have been missed by the market which now makes IXICO an outstanding buy. Less its cash pile the company is only valued at about £2 million and will be in profit next year. Should be at least double on this news.
Ixico has dropped to a low for the year at 35p and in my view is due for a big bounce. The company is one of two on the market involved in Dementia diagnosis and has recently launched a dimentia diagnostic kit which it is promoting. With the immense focus on this disease by the government this could turn into really big business Directors were recently granted options at 49p with the ability to take these up subject to increasing the share price from 49p. The company has been doing very well lately too. An update is due from the company in December Cash in the bank of over £3 million and company valued at only £5.25 million inc cash this has got to be a steal.
I bought in end last year on news of collaboration with Chinese re: dementure. A massive problem in China, as elsewhere. Paid 42p and within a few days was well over a pound. Top sliced 50% to get investment back plus some. Happy to hold the freeby shares, but it's going to be a looong wait. I'm sure it is doing all it can on research but will need a breakthrough on drugs, and if approved, no limit to how far sp can go. In MHO
My opinion is to avoid if you hold no shares in IXI and if you can sell without too big a loss do so and invest elsewhere. See testpack3 and my comments below...don't be fooled by large short term rises, the company do not have an income stream and need funding to do "something". When doing your research look at Phytopharm history too...they became Ixico.
A few thousand sells and the Mms would drop this share , and all week there have been mostly buys and the share price doesn't move at all...so what is going on...mm's playing silly games? This should be at the 80p level by now and heading to multiply many times over....just like GW pharma, and skyepharma...What does it to take to get the sp higher...a midas tip, perhaps? Strong buy
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