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Is Biosensors a good buy?
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catalyst
Senior |
09-Nov-2012 18:42
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Analysts just love ppl like you.
They find it soooo easy to earn your money. Nobody said the company is bad or no good. So many other factors. Macro economic conditions, market timing, sector performance, PE ratio and of course, the crouching tiger hidden dragon we all know about some analyst. Think about this for once. Everytime you think there is certain value in a stock and you buy, why are there others who find the stock too expensive and sells to you. Food for thought.
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p_for_profit
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09-Nov-2012 18:31
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Obviously good profits/results and analyst reports are not the only factors but they are both are among top 3 reasons why people buy stock. I am willing to be patient and wait for the market to correct but considering Biosensor fundamentals and results, it's so obvious that it is worth more (atleast to me). Just want to see if anyone can shine more light on possible reasons. |
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catalyst
Senior |
09-Nov-2012 18:11
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You already said it yourself that you believe mid-long term 1.40 at least. But you seem so impatient to see immediate profits.
There are so many factors that can influence a stock's price. Good Q results and analyst's report are just some of them. They are NOT thr only factors. If they are, there will be no low wage workers like cleaners or garbage collectors. Everybody will know exactly when and where to put their money. Everybody will be rich and making more and more money as nobody needs to cut loss. Don't be frog in a well. Investing and trading needs knowledge and patience.
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solomonster
Senior |
09-Nov-2012 17:58
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Did they tell you when it will reach 1.6?
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solomonster
Senior |
09-Nov-2012 17:52
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LOL!!  It's rather amazed how resilience STI is. What I want to see, bull shitting heavily on it's pant...until the pants burst .......
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radiantforce
Member |
09-Nov-2012 17:27
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well, it hasnt broken the important 1.10 support yet should be ok. next support at 1.07. am not vest. i sold it when it broke 1.10 (my cut loss) previously and fell as low as 1.02. am not back in yet. company buyback is a good sign though. but with all med stocks, prepare to hold mid-long term la. last few days decline just mirrored the general sentiments. don't think there s real cause for alarm. |
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chartreader
Senior |
09-Nov-2012 17:11
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Bro Solomon, are you in? Wait 1 whole day, didn't see mice, only bull shitting heavily on it's pant. | ||||
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p_for_profit
Member |
09-Nov-2012 17:09
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I am very confused with this counter!! doesnt make any sense 1) Almost every house has TP above 1.6. Even if they are terribly wrong, fair value is definitely more than 1.25 atleast 2) Even after one of the best ever result this quarter the price has stagnated today. 3) When the company is buying back at 1.1 today close at 1.095 Is this totally random?? or something more insightful happening here? Any expert comments here? Vested with 9 Lots. Believe in mid to long term biosensor can reach 1.4 atleast. |
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halleluyah
Elite |
09-Nov-2012 16:24
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May i know wat px both of u enter? Am keen too. Dropping
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raykee
Senior |
09-Nov-2012 15:32
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I am in too..... Well if i say i not worry i am lying but then i tink cos of obama news and also long weekend causing the fall, should b back up on wed..... How much u went in?
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raykee
Senior |
09-Nov-2012 15:31
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I am in too..... Well if i say i not worry i am lying but then i tink cos of obama news and also long weekend causing the fall, should b back up on wed..... How much u went in?
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xin9999
Senior |
09-Nov-2012 15:17
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it makes me worried actually.. | ||||
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sengsk
Senior |
09-Nov-2012 09:56
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Biosensors International Group (BIG) announced that it
did a share buyback yesterday. We understand that this is the first ever share
buyback done by BIG since its IPO in May 2005. The transaction price was
S$1.1127. Although the amount is relatively small at 1.5m shares (just 0.09% of its total shares outstanding), we believe this sends a positive signal to investors and could set a precedent for future share buybacks. The share buyback also makes a lot of sense, in our view, given BIG’s large net cash position of US$331.7m (as at 30 Sep 2012). It would also provide BIG with more flexibility as compared to paying out dividends since we believe that BIG is a growth company and would likely reinvest most of its proceeds into growing its business. Maintain BUY and fair value estimate of S$1.69 |
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steadylar
Veteran |
08-Nov-2012 21:18
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From the Edge, today........... CIMB Research cut its target price for medical device maker Biosensors International Group to $1.79 from $1.82 and kept its ‘outperform’ rating, citing risks of weaker licensing income from Japan and potential price cuts in other countries. Biosensors shares were down 1.3% at $1.125, and have plunged 21% since the start of the year, compared with the 26% rise in the FTSE ST Mid Cap Index. Biosensors said on Wednesday its second-quarter net profit rose 22.7% to $28.2 million from a year earlier, helped by higher product revenue. The brokerage cut its earnings estimates for Biosensors for 2013, but noted that its product profitability remains strong and valuations are at an attractive low level. CIMB said Terumo Corp, which licenses Biosensors’ drug-eluting stent technology for a royalty fee, has stated that it will be fighting to claw back market share lost, which should offer respite to Biosensors’ licensing revenue. Biosensors maintained its expectations that 2013 revenue will grow at 20-30%, as a royalty agreement negotiated with Terumo should offset competition and any mandatory price cut, CIMB said |
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steadylar
Veteran |
08-Nov-2012 21:01
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THANK YOU for the news! Good job Bios, to buy back shares at $1.11, shows company is confident abt their prospects and boost sentiment towards the share too. Recall Wilmar buying back their own shares at $3? wow, that had provided a floor since. This wil be a multi bagger once good sentiment returns to the mkts. Up up and away.
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starlene
Elite |
08-Nov-2012 20:35
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Biosensor after mkt close(6.50pm) reported to have purchased its share at about $1.11...seems this will be the floor price..next level will shoot back to 1.16-1.18 then back to 1.22-1.24 | ||||
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starlene
Elite |
08-Nov-2012 20:26
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What is this..can lend $$ to finance more purcahse of Biosensor?
1.12 is very strong support.......can consider buying .........chart shows a huge double bottom and positive MACD divergence on the weekly chart...............i think this share buy back will be the signal ....
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hudson222
Member |
08-Nov-2012 20:24
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starlene
Elite |
08-Nov-2012 20:15
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starlene
Elite |
08-Nov-2012 19:47
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No wonder today short while it touched $1.095...close at last Fri 2 Nov at $1.12 looks like its floor price is 1.11...not very far away from pte placement/conversion of shares at 0.925 this year March 2012
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