Align Research 6 Months On19 Apr 2019 11:59
Just reading through the last research note from Align and their target price figures of 10.28p (6 times then) for 401 de-risked (negligible for 201) and 13 times when VAL201 is de-risked, hopefully when CTl/ll complete.
With the last 6 month dilution this adjusts to 8.02p and 17.37p respectively. These were quite conservative calculations too.
What is interesting in light of the US and Euro partner LOI’s, is that Align assume in their October 2018 DCF calculations:
“To highlight the potential value offered from the VAL201 and VAL401 candidates we have prepared a ten-year discount cash flow analysis of each product, in both the US and European markets”
Coincidental or Align were aware of the talks between US and Euro partners back when they released their research note 24th October 2018?
Everyone recalls how infuriated Align were as shareholders, then met the BoD and then went very quiet!
What did they gleam after probably signing an NDA or becoming an insider why they went from uber pessimist to super bullish?
Like many of us, lMHO there are very positive things going on behind the scenes that we simply don’t know about nor are the BoD able to disclose due to NDA’s and the sensitivity of discussions in what is a very cut throat market place.
Happy Easter all.