RE: Ukla paperwork8 May 2017 15:08
Not long now....
No more than a few days or weeks I reckon. They will want this out their queue before summer holidays ;-)
This could be a very big earner.
Company with secure patented saleable IP, patents secured in key regions, each patent worth >£20m and they have several, with many more in the pipeline!!
The company had a market cap of £3m on close/suspension and given potential patent value of over £100m the multiples are pretty high.
There will be dilution, the company needs money till the first patent is sold, but even if they raise say £1m at say 4pps that is 25m shares, plus the £200k loan conversion at 4pps, another 5 mil shares, so total number of shares around 130m.
Realistically after relisting this should get to somewhere between £20m-£30m market cap, or 15pps - 23pps
There is still plenty of potential beyond that, depending on how the company plays it, they can just sell patents at £20-£30m a pop so giving a longer term market cap of around £150m at 5 X P/E and a SP of around 115pps (based on earnings of £30m per year).
Or they could adopt a licensing model and achieve a higher P/E multiple but a longer ramp up to, and beyond that 115pps (I would suspect in that scenario possibly double that SP on a P/E of 10).
Whatever way you look at this it is a winner, you cannot argue with any aspect of this:
High quality team, spin off from Cambridge Uni
Patents in force and a steady stream on new patents to be granted
Brand new process that can improve existing medications and also circumvent existing patents (that means does the same job as massive massive earning medications for global pharmaceuticals). That also leads on to the ready market for the patents, they will be snapped up by competitors to large existing pharmaceutical companies or existing companies producing medications, as a defence for their market share.
Extremely small outgoings
Cannot find a downside here. Those that get a decent chunk on opening will be very happy and potentially very wealthy.
£10k invested on open at say 6p, this gets to 115p in a year or two, that £10k becomes just under £192k
Anyone with different thoughts on figures, market caps etc. please share your views.
Aberdeenman