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Is Biosensors a good buy?
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bengster68
Master |
01-Nov-2007 00:59
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My best guess was yesterday, 31/10/2007. But CE's formal approval letter can take about one week later to arrive. BIG, being a conservative company, will only announce CE approval after formal confirmation. With such strong buying recently and market rumours, i think the CE approval formal letter should be received in early November. But no 100%. All the facts and circumstances should lead to CE approval but there is still be a 5% chance kena delay again due to outright corruption (plotted by other stent rivals) at CE to further delay it again. |
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doshur
Member |
01-Nov-2007 00:57
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i have been reading more SJ forums than CNA. good to find bengster here posting. pity bengster got bomb by cna forumers. lets huat together... i think ocbc also buying BIG rite... |
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nesher
Member |
01-Nov-2007 00:41
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Hi Bengster, Really appreciate your valued analysis, recommendation, and constant posting on BIG - it really helped make some paper profit, to-date!;) Sorry to be a damper, but any idea if CE has indeed been obtained?! Thanks much |
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bengster68
Master |
01-Nov-2007 00:31
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Morgan Stanley was also buying on Monday. Im not sure if Morgan Stanley bought BIG even earlier. |
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bengster68
Master |
01-Nov-2007 00:21
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Brothers and sisters of SJ forum, i hope all you guys have made some good money from BIG over the past few days and HUAT AH!!! I just came back from Malaysia. I heard from a friend just now that his friend (a large foreign fund) has been buying into BIG aggressively today. This fund is not those trading "pump and dump" type but have confidence BIG will emerge as a big player in DES industry and that is why they start buying. Another reason this fund start buying is also because they have been studying the recent accumulation done by the first "mysterious" buyer who have been slowly accumulating BIG's shares quite some time ago and they feel that this "mysterious" buyer is a genuine holder rather than trading house "pump and dump" tactic. I think these 3 days of buying has a total vol of around 80,000 lots. I believe over 50,000 lots are done by these long term institutional holders and thats about 5% of BIG's shareholdings. I hope they can add more BIG shares into their portfolio for long term holding and mop up more freefloat and make this stock better controlled so we will not suffer bullying from shortists. BIG is not Labroy. Some time ago i heard from the market that Labroy owners wanted to sell off the whole company and but their adviser asked them to get Labroy into sexy oil-related business like oil-rig business to get better selling price. Labroy then poached Sembmarine staff and start building oil-rig at their Batam yard. Labroy owners are desperate to sell off Labroy (practically no takeover premium) and even willing to take the losses of huge forex derivative losses deducted from their own share of purchase price. But BIG key shareholders are not desperate to sell off BIG and desire to build BIG into a truly global DES powerhouse. Even takeover premiums of over 100% has been offered before and was rejected. BIG owners knows they are the best in DES technology and the DES technology problems each and every DES rivals are facing right now. No other rivals come close to BIG's safety and performance on DES technology. They will only sell when "an offer that they really cannot refuse" comes in. Thats the difference between Labroy and BIG's takeover situation. Also, i suddenly have a gut feel the "mysterious" buyer as mentioned earlier could be our dear DES rival JNJ. Could JNJ be using Morgan Stanley as nominee to acquire a 4.9% stake in BIG first without making public declaration? JNJ can then increase on their shareholdings in BIG to 10% and will want board of director representation at BIG as strategic partner? Eventually, JNJ may convince the key shareholders of BIG to sell (at a good price of course) and do a full takeover of BIG? JNJ also fully understand BIG's potential in China via JWMS. Medtronic is also eyeing China market via 15% strategic stake in Shandong Weigao. JWMS is the "crown jewel" now in Shandong Weigao's portfolio of medical product business in China. Plus, a recent big event has happened in China DES market that make JWMS really very attractive and a "must have" for China's huge potential in DES market cum export cheaper versions of "Made-In-China" DES to penetrate into 3rd world countries. These 3 world countries are very huge and also very undeveloped DES global market. Do not just focus on BIG's CE approval fellow BIG investors, JWMS is a really a bright jewel in BIG. I have to stress here again the importance of JWMS as a key ingredient for BIG's DES global powerhouse ambition. I said on Monday that i really pity those sellers of BIG shares. They have waited so long and even pulled through at the most difficult dark period days of 60cts era. I have been trying to explain to forumers/investors BIG's real potential and BIG is not a concept stock with no earnings potential. What a costly mistake they have made on Monday! Let this winner run the full course and don't ever focking sell your precious BIG shares cheap to BBs. This has been the main motivation since i started posting on forums. Never judge a company's potential by its past share price movement. BIG will eventually be a multi-bagger and a real winner. |
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ekekeg
Veteran |
31-Oct-2007 23:56
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At long last Biosensors have rewarded patience. And all of us are now reaping the reward though I am not taking it yet. I think there are many angles which you can see the benefits of holding and waiting for it to break two to three new highs before deciding. This is only my gut feelings and I might be wrong, so don't do what I say I'll do. The likely scenario as painted by Bengster are getting CE, and another attempt by J&J in a takeover bid. The main catalyst for price surging beyond historical highs would be CE with or without a takeover bid, because we won't need a takeover if we are taking a long term investment in Biosensors. I also share the believe of Bengster that it will one day be a blue chip in the SGX. The other catalyst for further chiong will be listing Biosensors shares on NASDAQ or even AMEX or NYSE. Worse to worse a listing in the US OTC market will be strike GOLD and "Jia bay liao" for all vested!! There are so much opportunities which I dare to explore for example some other US companies trying to outbid J&J. We have a number of them. Don't talk about competitors in the stents industry who can also be predators. Watch out for some surprises. Maybe one of the many big pharm companies in the US. I shall be holding till $4.80. I just sold my ABBOTT and Pfeizer recently US$54.50 and US$US$24.50 per share respectively for a clean profit and have switched to Biosensors and now double make. |
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jackjames
Elite |
31-Oct-2007 23:08
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if CE is so confirmed getting soon, what are you guys waiting for ? but hoh.... i am not pouring cold water now, anyone imagine, just imagine, if the CE is not approved, ho ho, I cannot imagine man.. but with so many huge lots buying up, a lah... we will soon BEAT THE LABROY PRICE ! |
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cwwan1
Member |
31-Oct-2007 21:17
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Anybody know the storeman in Biosesnsors whether they are starting to stockup the inventory prepare to deliver the stent once CE is out. Last year, i get news that BIG is stocking inventory for the CE but in the end it did not comes true... |
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dvdtsk
Member |
31-Oct-2007 21:00
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The way it go, tomorro there'll be no seller but katek only and buyers... |
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787180
Master |
31-Oct-2007 20:46
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yes A02041315 U're right..hve been tracking and shorting most of the time and yet make $$$ but these 2 days Biosensor has stung me....better be friend with the trend..hence I hoot 250lots this morning from 80.5 to 83cts..many a time I also want to agitate Bro Beng as many pple hve lost patience with this counter as approval for CE since 2005 appears futile..but today hve to give due respect to him for his foresight and insight..never fall in love with a stock still stands..we buy the counter with a view to make $$$..Bro Beng also commented on my prevcious investment in Jade(15 to 20cts) as junk but Jade had indeed doubled its price..hence no enmity or intention to offence pple but it's certainly invaluable to seek useful advice,feedback and comments here |
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A02041315
Senior |
31-Oct-2007 20:44
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From PC3 Channel NewsAsia QUOTE BIOSENSORS UP ON RUMOURS OF CE MARK APPROVAL Shares of heart stent maker Biosensors International rose as much as 4.9 percent to a 3-month high of S$0.85 with 6.7 million shares traded on market rumours that the company may soon gain approval to sell its lucrative drug-eluting heart stents to the European market, dealers said. "There is speculation that the approval mark will come in soon, I suspect that's why the share price is rising," said a local dealer. Since April 2005, Biosensors had been waiting to receive the CE Mark of European regulatory approval for its BioMatrix drug-eluting heart stent. The certification is required for the company to sell the product in Europe. Biosensors's President Chua Kee Lock told Reuters in an interview last month that he could not predict when the approval would be granted, but "the list of questions (the European authorities) are asking is getting shorter and shorter". [ID:nSIN288776] UNQUOTE |
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A02041315
Senior |
31-Oct-2007 20:39
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787180 remember you posted : It will go up to 73-74..next few days after FED's rate cut drop back again....never fall in love with a stock..it only enables U to make $$$ that's all |
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novena_33
Veteran |
31-Oct-2007 20:27
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was looking at the chart... there is 3 solid days of run up.... normally will camp in this region ..... but looking at other indicator... may have some more up side if conditions allows...... |
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787180
Master |
31-Oct-2007 19:35
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quote="Camper"]the warrant strike price is 0.95, the warrant value and what you get is anything above that price on 2 Nov... if it closes at $2 then you get $1.05 for each warrant..... two more days keep yr fingers crossed...[/quote]likely will be above $1 tomorrow if fed cuts rate...In beginning of june Biosensor was tarded at a high of $1.12 and on Mon 29 vol was 13.1 mil and tue vol was 15.7 mil and today is up 15cts on 48.4mil vol...previously hve been shorting Biosensor naked(got warning too) and using CFD still made but today join in the support and shout "Superb Biosensor"..somebody commented that Morgan Stanley was buying on yesterday...anyone can supply the details will load more tomorrow |
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cwwan1
Member |
31-Oct-2007 18:19
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Biosensotrs inetrnational group |
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chinton86
Veteran |
31-Oct-2007 18:14
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whats BIG????? |
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dcang84
Veteran |
31-Oct-2007 18:13
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Maxximo, This is just the appetiser. The main course is yet to come. Chiong !!!! The stock price will scale new highs in the weeks ahead. Waiting to cash in when it reaches $5.00. |
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Maxximo
Member |
31-Oct-2007 18:03
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Bengster68, What is there to said ...... THE PRICE HAD ALREADY SAID IT ALL ..... and is not over yet ...... its the beginning ..... Bravo .... Bengster68 ....... And to all BIG supporters ...... Though i'm not vested heavily but had waited long enough .... i'm still delighted that BIG had not disppointed those that still believe in HIM ..... btw, i still had not break even ..... but very near liao ....Still hesitating whether to grab some more ...... Is there news as when is BIG making their reports ......???? So now is everyone guess as whether CE mark is on the way and what kind of price level will BIG settle down with the CE mark ???? Or (touchwood) if is without CE mark. Anyway, will support BIG all the way .... way ...way .... |
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dcang84
Veteran |
31-Oct-2007 18:00
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Hey Bengster 68, I dedicate my new BMW 5 series to you. Yee haa!!!!!!!! |
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nihc13
Member |
31-Oct-2007 17:59
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Bro beng veri ko lian...previously kana @#$** upside down in other forum give his insights and advise on BIG but things juz don't turn up too well...especially the price keep dropping..tink few forumes lost $$$ and then put all the blame on him...finally he disappear from that forum |
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