I think GWP is in a different place from where it was 10 years ago. It takes a long time to develop new drugs. In the case of GWP they have had to select the right plants and develop the process to extract the cannabinoids as well as undertake pre-clinical research and do the actual testing. The share price will be volatile as it is a small company and much of it's current value is intellectual property and future potential which is difficult to value. Given the consensus of broker valuations the current price is low, I have been buying more, but as I build up my holdings over time this smooths out the peaks and troughs. Having said that I would not want to try and make money buying and selling over the next year or two as there is a lot of potential for good news from the trials, so it could go down one minute and shoot up the next. It does not help that talk of tapering in the US is doing strange things to the market. Having said that I think the bull run will continue through next year because as the economy recovers, this will drive profits and reassure investors. Regardless of quantitative easing, a lot of investors are also still pumping cash into the stockmarkets because returns on cash deposits are so low.
Seen it wall before with this share. On paper it should be £3. Iv never been able to get my head around it. First buy must have been 10 years ago at around this price. Its going places & is definitely a hold but I can't decide what price is a good price to jump back on board.
...... should keep anthropologists occupied for the foreseeable future. B/W
Haha yes, you sound like me Dad ;) He has pretty much the same line. Anyway, for owners of GWP shares the future looks rosy whatever the case :)
sure about that
Here we go! http://www.investegate.co.uk/gw-pharmaceuticals--gwp-/rns/u-s--patent-allowance-for-cannabinoids-in-glioma/201312110700092199V/
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