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Is Biosensors a good buy?
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PensionAlterEgo
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15-Jul-2008 13:58
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come to think of it.. you're absolutely right! Focus on the business!!
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investor
Senior |
15-Jul-2008 13:45
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I look at it in even a more different way. You do not suddenly go to CNA and request to be interviewed. This progam has probably been in the works, before the recent selldown. Also, I do not want the mgmt to be too focussed on the share price - It is BETTER to be focussed on the business, and let your results do the talking. | ||||
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PensionAlterEgo
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15-Jul-2008 13:40
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I see it in a different way.. At least they came out to do a TV appearance to shore up confidence. If they didn't and simply bo chap .. i would be even more crossed. So it's positive sign that they are doing something.... and who knows if this does not work, they might try other means like get some really big guns (funds) to buy up the shares..
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bengster68
Master |
15-Jul-2008 12:17
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No skin burn lah. Just a lot of blue-black marks. STI lau.sai 60pts today. Any stocks also will kena black eye. Im very bullish on BIG's Q1 results and LEADERS results. Last week I even call up their PR dept and screw them WTF is there some major bad news coming??? Your stents cannot sell or LEADERS flopped??? The response from that guy answering the phone was: "There is absolutely nothing wrong with the company. There is nothing BIG can do with the wave of margin call dumping. In fact, the fundamentals of Biosensors are at best form since IPO!". I gave him 2 good suggestions on how to shore up confidence in this stock. |
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novena_33
Veteran |
15-Jul-2008 12:06
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hey bro... so u let BIG rest then punch again? or u have collected enough?
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ekekeg
Veteran |
15-Jul-2008 11:57
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Basically you do not know when BIG will head up. It is continuing looking at the floor. Even the forecast for the future is just blur blur. BIG wants to take 10 pc of the stent market both of Europe and China in the next 3 years. Since it has been reported that this combined to US$220 Million. (Europe: $1.4 B; China: $800 M), an annual revenue of US$80 M to US$90 M seems not impossible. But since currently it is doing around US$9.6 million for stents and US$38.4 million for non-stents, the question is whether it is within BIG's ability to make it happen? Right now it is best to just invest a little at a time and not jump in everything because though the share is oversold the general stock market is sick and people are having phobia about stocks. |
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trader88.sg
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15-Jul-2008 11:04
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If our skin is burnt more than 50%, it is very serious.
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AK_Francis
Supreme |
15-Jul-2008 10:59
Yells: "Happy go lucky, cheers." |
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ha ha AK kena 50% burnt. needs to stay much longer for healling liao. medisave also can't cover the cost loh! | ||||
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trader88.sg
Veteran |
15-Jul-2008 10:56
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I have stopped punching BIG already. Will let it have a good rest in the normal patient ward until sign of full recovery re-surface. To me, there is still a danger of internal bleeding. |
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Centaur
Veteran |
15-Jul-2008 10:50
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Hi Bengster, good to hear some positive news from u. Was hoping for BIG to stay at/above 50cts for today at least.
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bengster68
Master |
15-Jul-2008 10:32
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Of course! Biomed stock mah.... I did a post-injury clinical study and conclude it is the shortie cum wave of margin call dumping that made this stock went in to ICU. RSI was almost zero last week! Freaking worst crisis in this stock's history. Luckily didn't have to do post-mortem examination. The blue-black marks on BIG looks very serious on the surface but trust me this is just Pi Wai Shang (outer skin injuries). The heart beat is still very strong and regular. Internal organs are all working well and fine. Should be able to fully recover within one month back to 70cts days. Next month got Q1 medical report coming out then can give further analysis. | ||||
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investor
Senior |
15-Jul-2008 10:23
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If Biosensors were to sell US$30m in Qtr 1 - I would say that this is going to be STRONGLY above everybody's (including analyst) expectation. To put it in perspective, Conors which was quite hype up due to it being the first bio-degradable DES on the mkt, WITH ZERO stent thrombosis, was able tp achieve sales of only US10m or so in its firat qtr of sales. As expected, the big players like Medtronics was able to achieve sales of US$80m (if my memory is correct) per qtr. US$30m sales would imply gross profit of US$15m, assuming 50 % gross margin. IN this scenario, Bisoensors is probably cash flow positive, meaning that cash inflow is greater than cash outflow and they may even show a net profit, after accounting for the non-cash flow items like depn, write-downs, etc. I cannot say what the share price would be, but if you look at its NET PROFIT from JWMS ( US$8m per yr from its 50 % share), and NET PROFIT from Terumo of US$8m , just from payment of fees upfront, and with possibly another US$8m from sales of Nobori ( I am assuming that Terumo can sell US$20-30m per year, with a nett payable of 30 % to Biosensors), and assuming a PE ratio of 15 times, these 2 activities alone will give Biosensors a valuation of US$360m, which is about its current mkt price of 0.50 cents. All the above are just conjectures - Investors should do their own homework - NOT a CALL to buy/sell | ||||
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trader88.sg
Veteran |
15-Jul-2008 09:57
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Even the description must be in medical terms
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bengster68
Master |
15-Jul-2008 09:46
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Let me rephrase it.... BIG is out of ICU (margin call dumping) but still in normal patient ward (badly battered share price).
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bengster68
Master |
15-Jul-2008 09:43
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Mr Investor, i would like to seek your opinion. If BIG manage to sell say about US$30m worth of Biomatrix DES in Q1 and there is a broad based STI recovery to say around 3100pts in August, what do you think will be BIG's share price then? | ||||
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louis_leecs
Elite |
15-Jul-2008 08:56
Yells: "half cash" |
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a lot shortist have to give out,,,,,,,my ah moh remiser say they are in the hot oil ball,,,,,,,,,,bb f gg loogliao,,,,,,,,,see the good show,,,,,chhheerrrrrrrrs,,,,,,,,,,,,,,,55cts must see first ,,,,, | ||||
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trader88.sg
Veteran |
15-Jul-2008 08:14
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BIG has been battered very badly of late. The board of directors has no choice but to do something to prevent the share price deteroriate further. The TV appearance was meant to create so-called "positive news". If traders do not buy their news, liao! Technically, BIG is not out of the wood yet. |
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dontalkrubbish
Member |
15-Jul-2008 00:40
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congrats on the tv appearance, but tomorrow will still chiong down if DJ continue to downtrend. end of the day we are just betting if management will come though, if the docs in the hospital will take the bet on BIOmatrix |
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louis_leecs
Elite |
14-Jul-2008 23:59
Yells: "half cash" |
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with tis type of news,,,,,,,,,,,,,,,look like bb from,gg going to loooog liao,,,,,,,,,,,,hold tight,,,,,,,,,tomorow,,,,,,,,,,,,,cheers ah moh remiser,,,,,,,,,,,,cheers biosensor supportor,,,,,,,time to buy ,,,,,,,,,,,dont buy too much,,,,,,,,,buy ur limited,,,,,,,,,,,,,,,,tis baby within fund manager radar again soon,,,,,,,,may be johnson & johnson also got one leg,,,,,,,,tis mnc corp like to sualo ppl ,,,,,,,,,cheers | ||||
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bengster68
Master |
14-Jul-2008 23:04
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Bro, US$6 to 8m for Q1 cannot make it lah. BIG hired 25 new sales guy. All experienced cardiovascular product sales people (some even previously worked for rival DES companies) and BIG made sure that each and every one of them must have good "relationships" with hospitals and doctors as a pre-requiste criteria of employment. Plus, BIG is using very reliable medical device distributors with proven sales track record in their respective country of distribution. US$30m of Bimatrix sales for Q1 is very possible. If got very positive LEADERS results, US$45m per quarter easily attainable.
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