In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Motif Bio plc, with a price target of $32. The company’s shares closed yesterday at $9.01.
“Valuation methodology, risks and uncertainties. We employ a risk- adjusted net present value (rNPV) approach that yields $600M for iclaprim—with a 90% probability of success, 16% discount rate and 40% effective tax rate—and a price per share of $32.00 based on about 20M American Depositary Shares (ADSs) outstanding as of mid-2019.”
According to TipRanks.com, Selvaraju is a 1-star analyst with an average return of 0.0% and a 35.6% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, Bausch Health Companies Inc, and Synergy Pharmaceuticals Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Motif Bio plc with a $32 average price target.
We need a 6 (hopefully 7) figure deal. BOD heavily invested (also options at 2p). Much easier to hold now then buy later when the big news drops. Any deals coming from the summit will take a few months to come through (IMO)
If Mokopane comes on board (some years away) won't that accelerate the decrease in price therefore maybe $40 is quite realistic. (I'm working on the very basic notion that an increase in supply leads to a drop in price).
Hello, using #lvcg on twitter someone has posted that you can get 47% off Bricklive Lego.
Now, i know some food critics say a soft opening with money off is sensible. However 2 for 1 deals on this chains are typical of what they offer (and look at all those chains that have gone to the wall recently).
Should we be worried about this lego ticket deal? Red herring? (I admit a lot of exhibitions give money off such as ideal home etc etc..) Any thoughts welcome!
SOCO International plc is pleased to announce that it has agreed to acquire Merlon Petroleum El Fayum Company for approximately US$215 million (the "Proposed Transaction"). Merlon is a privately owned oil and gas company with a 100% operated working interest in the onshore El Fayum concession in Egypt. The consideration will be satisfied through the payment of approximately US$136 million in cash and the issue of c.66 million new SOCO shares, representing 19.75% of SOCO's current issued share capital. SOCO will also arrange for the repayment of Merlon's net debt, which was approximately US$22 million as at 31 December 2017.
The outlook for the second half year period and full calendar year 2018 is contingent on (a) the market size, share and growth rate of Internet sports gambling in New Jersey; (b) the timing with which Pennsylvania's regulator the Pennsylvania Gaming Control Board ("PGCB") permits the launch of Internet real money gambling for residents of the State of Pennsylvania; and (c) the speed with which efficient marketing of the Overseas Internet Casino is conducted in European regulated markets by GAN.
A few unknowns there. Also it might just be simple profit taking from the placing at 50p
To answer my own Q I have actually done some research and found this
Andrew Hockey, CEO of IOG commented: “A successful Harvey appraisal well could nearly double the proven reserves in our SNS gas portfolio in the high case of 286 BCF, which the Board of IOG considers to be a reasonably likely outcome