RE: Proactive price target £700 million30 Aug 2020 11:16
'Industry metrics suggest that the current market valuation of TILS does not
fully reflect its underlying therapeutic pipeline and attributes no value to
StemPrintER, even at a discount to the takeover multiple paid by EXAS. We
suggest a target valuation of up to £700mln for its therapeutic programmes on
executing milestones over the next 12-18 months, with StemPrintER providing
pure upside to the current market valuation.'
This was written when our mcap was at £364m, now £272m with cash in the bank - 33% upsite to return to the above statement!
Undervalued at £364m for current pipeline and no value for StemprintER (£700m)
I will be holding.
BB