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Is Biosensors a good buy?
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yiming2000
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19-Jun-2013 10:59
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Friend starlene, I am in the USA and won't be attending Rowsley AGM. I would love to meet you there if I could. Please report on what you see on June 24.   You are the guide to good fortune.  |
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topdog22
Senior |
19-Jun-2013 08:25
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I agree that the management is lacking on many fronts, not the least is managing shareholder expectations and clear communication!!!  (BTW what ever happened to Chinese approval of BIG stent??)      BUT  there are many reason why holders, individual and institutional sell stock.  Funds try to show a profit for their investors and as this investor apparently has a profit they may want to recognize that profit to offset losses on other investments thus providing a positive return.  In other parts of the world tax consideration may drive purchases and sales by funds or individuals.    The value of the Sing Dollar vis a vis other currencies  may also drive sales or purchases. In the US they have  " witching hours" that occur every quarter or 1/2 year.  Triple witching hour is the last hour of the stock market trading session (3:00-4:00 P.M., New York Time) on the third Friday of every March, June, September, and December. Those days are the expiration of three kinds of securities:  Stock market index futures   Stock market index options   Stock options.  On those same days in March, June, September, and December, Single-stock futures also expire, so that the final hour on those days is sometimes referred to as the quadruple witching hour.    These events occur but are NOT a result of the underlying stock's fundamentals or prospects. The fundamentals of the Company are sound BUT management has NOT been able to successfully gain support from investors and monetize the value.  Management MUST bring in advisors that know how to drive shareholder value before that value dissappears.  |
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matrixxx
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18-Jun-2013 23:20
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Norges Bank sold 720 lots ceasing to be a substantial  holder. They rather take the cash and load it on better counters?   Hint is already given, by bank some more.   |
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pineapple123
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18-Jun-2013 18:19
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whatever the stock price is, biosensors is definitely a fundamentally sound company.   value investing is about holding on to a stock which an investor feels has good fundamentals and ignore any market noise whatsoever.   however, the performance of this stock, fundamentally sound as it might be, is definitely not due to market noise, and is definitely not reflective of its fundamentals.   if this rumour is true, i have to say that the company has slipped up in this aspect.   it has to be accountable to investors and not let its stock be 'moved' by one single investor.   i havent heard of such a story before.   cutting my losses will be going against my philosophy but looking at the current situation i really dont know whether i should make an exception.
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starlene
Elite |
18-Jun-2013 16:44
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Yiming2000..somtimes better to go in and out..sell and buy back again..make > $$..BTW are u going for Rowsley AGM Mon 24June?   Last thur and fri june 6-7,Rowsley tested 50cts n I managed to take profits so today june 14,shd hve bottom out as the selling pressure for 1 week up liao..manage to pick up 42.5cts-43cts because for past 1-2mths Rowsley managed to stay> 40cts     Approval of warrants will be on 2H 2013 but AGM on 24June is for normal end of year reporting,,wonder why Rowsley so special FYE 31DEc 2012 by right b4 march 2013 shd hve conducted AGM ,,,why so late ? 
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Tomique
Master |
18-Jun-2013 16:29
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If it goes to 1.05, I will sell all and wait for below 80 cents to double buy. Sg Biotech counters hard to chiong.   Those that choiong are now in private hands, delisted. 
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Cookie
Member |
18-Jun-2013 16:24
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ssoooo anemic this... hope it ain't terminally ill |
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infancybird
Senior |
18-Jun-2013 15:23
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Cannot be confirmed but there is rumour .........that a big previously loyal investor of Bio has changed of heart( exhausted and disappointed) and has gone into a sell mode. He had unloaded millions of share( bought at about 60-70 ct)  and has  about balanced 40 million more share to either ``sell `` OR  ``hold``. The company is aware of his presence and has so far absorbed about 32 million share thru a share buy back. I hope this i-seller guy  could quickly unload all his holding to give Bio a new life.....@ note....this is just a rumour I heard and cannot be confirmed.
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pineapple123
Member |
18-Jun-2013 14:38
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this stock is seriously becoming a mystery to me. also, no info on the dividends at all. | ||||
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matrixxx
Member |
17-Jun-2013 23:34
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Bro yiming, dun do that, it may be suicidal.   a.    It is foolhardy to make a second trade, if your first trade shows you a loss’.  ‘Never average losses’ . Let that thought be written indelibly upon your mind ~ Jesse Livermore. b.    As for good stocks and bad stocks, there are no such things there are only stocks increasing in price and stocks declining in price. ~ Nicolas Darvas. c.    To invest or speculate successfully, one must form an opinion as to what the next move of importance will be in a given stock. But don’ act on your opinion “UNIT THE ACTION OF THE MARKET ITSELF CONFIRMS YOUR OPINION” remember “Markets are never wrong. opinions often are.” ~ Jesse Livermore. d.    A speculator must believe – Behind any major stock market movement (either in a stock or in the indices), there is an irresistible force . That is all he/she needs to know. It is not good to be too curious about all the reasons behind the price movement. You risk the danger of clouding your mind with non essential. Just recognize that the movement is there and take advantage of it by steering you speculative ship along with the tide. Do not argue with the condition, and most of all, do not try to combat it. ~ Jesse Livermore. e.    Often money that is just sitting can be later moved into the right situation at the right time and make a vast fortune. PATIENCE- PATIENCE-PATIENCE is the key to SUCCESS NOT SPEED. Times is a cunning speculator's best friend, if he uses in the right time. – Jesse Livermore.
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matrixxx
Member |
17-Jun-2013 23:26
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1.07 is an important pivotal point to watch.   Break this support and ....., bro yiming, u want to hear good news or bad news?    
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infancybird
Senior |
14-Jun-2013 13:57
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IMO, don`t buy as i-seller is blocking at $1.10 with plenty more to sell to press. You notice today that even though buying from Ask side out numbered Bid volume by almost 5 times but yet the stk only go up by miserably 1cents only with i-seller blocking at 1.10.  When i-seller sells, it only take him or her a few hundred thousand share to sell down and easily by 1 cent or more. Look like today price will stay at 1.05 at close .
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riclew
Member |
14-Jun-2013 13:37
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Just don't buy. Observe first ba.. it will eventually go up.. it's just when.. | ||||
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p_for_profit
Member |
14-Jun-2013 13:11
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yeah my hand was itching to pick up some at 1.09 but didnt have guts
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yiming2000
Senior |
14-Jun-2013 11:55
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Friend Riclew, I am scared but Biosensors is a very profitable company (net profit 23%). It has no debt and big cash hoard more then $500 million. Yet, it's stock price has dropped to very scary level. Good thing is that the volume is not high. Just a few million here and a few million shares trader there. WE know Biosensors has 1.7 billion shares outstanding.    I wish I have the guts to buy and pick up more Biosensors stock at such low levels.   |
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riclew
Member |
13-Jun-2013 10:43
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Do not sell.. it will come back up eventually one..
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yiming2000
Senior |
13-Jun-2013 10:40
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Friend dippyboy, you are spinning a really dark picture for us who are vested.    We   are all holding tight to our shares till the storm of fear is over.  |
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dippyboy
Member |
12-Jun-2013 23:02
Yells: "Plsdoyourownhomework.Personalopinion,Disclaimerapplies." |
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  NAV has alot of   complicated goodwill inside which was revalued by auditors. Tangible nav excluding goodwill is like 1/4?   fraction of current with most of it cash. Given $500m of debt interest,it is possible to cut 25% off current earnings. It remains to be seen if acquisition earnings can offset interest cost. Unlikely , since restructuring needs at least 1-2years before true contributions can be accredited.Furthermore acquired companies is unlikely to be cheap since good companies wont sell cheap so EVA wont come in till 1-2years later.   In the absence of funds pushing up the stock, 80c support could easily be tested which was about the price founder exited.More downside on fund exiting on disappointing earnings and continued erosion of royalties and substitutes appearing. Thereafter , synergies from acquisition and china healthcare demand could bounce it back in the future. |
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kelvinLim123
Master |
12-Jun-2013 21:36
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I short this counbter at 1.135 yesterday. wish me luck | ||||
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infancybird
Senior |
12-Jun-2013 20:55
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By simple calculation of one cent drop per day, it will take only another 100 days for Bio to reach zero  value , by about late Oct 2013. Is this what the i-seller is aiming to achieve? Must accumulate money to buy this stk when it touches below 30 cts.
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