RE: SCANCELL.......9 Sep 2025 08:03
angelo,
"well, in my humble opinion, the market very rarely gets it wrong,"
i guess you've just finished your economics degree and been indoctrinated with "efficient market theory" rubbish?
the theory is based on assumptions as follows:
"investors are rational and profit-maximizing."
no, they are completely irrational
"all relevant information is freely available and quickly disseminated."
no it's not, many have inside information, and what is released is slow to digest
"prices adjust instantly to new data."
*******s they do. news takes 3/4 days to sink in before reverting to where it was.
it is fairly obvious that given scancell's pipeline and the potential worth of the market they address that the sp should be between 24 and 36p. this is what brokers are saying even taking into account risk and the time it will take to materialise.