This LSE BB is regarding GWP,not puerile glib hogwash directed towards individuals. Yes i believed a £1 price target would again occur, that remark was wrong & i failed my GWP LSE BB test! I based £1 being revisited as over the decade i had held there was always strong support at those £1 levels with alot of resistence. Considering the share price increased 100% from 50p in just a few days! Now during the previous 5 months the yanks have gone to pot which has directly pulled GW share price to revisit close to £2. It's been a decade since i last remember GWP so high. Okay, 10% fall is not a significant correction, but it was a dip & yesterday when i made my comment,I had dumped several thousand & at £1.64 I got more back. We're all in GW to make some money & for the sick to be helped. i like the rest want GW to succeed but along the way there will be corrections & oportunities to make money. I'm experienced at this now hence my top slice, but im always eager to learn new strategies. Now I'm just invested in GWP with "free" shares & when I believe a retraction looming, I will sell & buy back for less. My only error was stating £1 would again occur when only £1.29 did & yesterday stating a significant correction which was only 10%. Although on both counts a dip occurred. DYOR
The current share price is what £1.76 with a market cap of just over £300 million. I think its got a long way to go. New drugs are very expensive and profitable. Compare with say Humira which is a novel new drug and costs about £10,000 a year. Sativex also is expensive and profitable, sales were up 25% this quarter but markets are only starting to open up. I'm not an analyst, but I think a market cap in the low billions is entirely possible, as is a takeover. The current price seems low to me given the potential. Medicines are big business and very profitable.
See my previous posts over the years. I was beginning to think my wife and I might sell at about £3, but the latest figs and prospects suggest this would be silly. £5 more realistic, but I suspect we may see a takeover within two years and a subsequent auction. No surrender remains our watchword(s)
Your previous augery was that G.W.sp would fall to £1 by the weekend of the 11th of Oct.in fact it finished that week at 144.00. Todays piece of "wisedom"was a weak sell and a prediction that you were expecting a significant correction in price,and that earlier today you had managed to dump some more shares before they sank.The sp recovered to end the day at 176.50.Time you gave your crystal a good clean or perhaps try reading tea leaves.
So what is GW worth? At the moment it is still making a loss because it has only just got its product to market and has spent millions getting there. It has backing from Bayer and Otsuka, two of the world's largest pharma companies. Well, if you look at say Humira from Abbott Labs, that took many years to develop and now achieves multi billion dollar sales. GW has several candidate drugs all of which are looking good. The next 24 months are looking very interesting. In my view, the current market value way undervalues GW. I would have thought the market for cancer pain for Sativex in the US alone is worth billions of dollars per year.
Ive never posted anything on here. I maintain my view, strong buy. Do your own research, read Dr Grinspoon's books, he's a professor at Harvard and knows his stuff. The Americans are buying into this company big time, and yes, that is sending the share price higher. But the Americans aren't stupid. They don't back losers. All the big Tech companies are American, think Microsoft, Google, IBM, Yahoo, Cisco. To me GW is like an oil exploration company that has done most of its work and found the oil fields and is busy drilling. If the application for approval in the US is granted next year, GW will soar.
AND? i did top slice, i did get a few shares back around £1.30s No idea what jive you're belching. Everything i stated i did. I even dumped a few more earlier when i gave my weak sell remark & sure enough GW sp sank.
This was the joker that boasted on the 8th of Oct.that he had "top sliced" some of his shares(standing at approx 1.55) Then on the Weds.the 9th of Oct. he predicted that the shares would be down to £1 by the weekend and that then he would by back the shares he had dumped and have a sizable cash balance as well.(The share price never dropped below 129) The very next day 10th Oct.he posted"It seems my augery was a little presumptuos,as perhaps £1 will not occur,although I have one more day........
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