Now VER is nicely picking-up from its low of 32p. Mainly because of its 84m£ cash held and 39m£ raised from placing new shares in May, are kept in USD. This gives hope for a positive result on 27 Sep. it will be watched, if the expensive sales force in US gives some fruit.
92% of Vernalis is owned by institutional investors with Woodford and Invesco owning over 50% between them. Vernalis has significant products to help with migraine and even the common cold.These are at advanced stages of development in America. The future revenue stream will be in US dollars.Broker targets are over 91p. Be happy
comparing minnow Sar rising 22%, the share price of VER is still falling, anyone reckon this will touch the 20s range back in 2104? What's the real reason of the falling share price, is it the huge sales cost and the very moderate revenue income reported in the half yearly results?
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