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Latest Forum Topics / Biosensors  Post Reply
Is Biosensors a good buy?
wb1931
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02-Nov-2008 22:33     
 
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By the way, I think it is indeed a blessing in disguise that the JWMS deal did not go through.

I have a hard time trying to understand why is it that their 50% stake netted only US 1 mil from the revenue of US 6 mil which is lower than Wei Gao's stake. Do they really need to spend US 5 mil per quarter on marketing in China? After all, JWMS's product is within the top 3 locally plus the fact that their product is made in China thus at a much lower cost.

Also, I have noted that after the Co bought over the unit from Wei Gao, it made a loss for the first time. And I wonder why?

Perhaps, someone can share with me their thoughts?
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wb1931
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02-Nov-2008 22:25     
 
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For the record, I am not Bengster and if you can, name one medical device co (without any pharma background) that has a drug to its name in DES industry.

Perhaps one of the biggest fault in Singapore home-grown Co is their failure to exploit the advantage at hand. However, we could not discount the fact that medical device Co is poorly understood.

One example is Conors which does not make a profit, yet bought by JNJ for a huge US 1.4 bil which turns out to be a bad investment. And until today, JNJ is still trying to fully use the cigar butt it bought.

 

 

 

 
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dcang84
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01-Nov-2008 15:14     
 
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<I also would like to take this opportunity to thank Bengster for his updates and insights into DES industry.>

R u one of his clones. Bengster, no need to use multimonikers to defend yourself.

<Perhaps, most of us have been drawn in due to optimism at this Co's potential and the size of DES industry. After all, this is the only Singapore home-grown Co which has become a formidable competitor to market leader, >

Reminds me of another home grown market leader-CREATIVE. Look where they are now.

<One has to be amazed at the fact that this Co is able to come up with its own proprietry coating technology and drug within 7 years (including CE approval) from the time it enters the segment via purchase of Occam in year 2001. >

Errr. Wats your point? There are so many medical devices company. BIG is just another one. Please spare the the proprietary crap coz they have limited lifespan too. It is not as if it will last forever.



wb1931      ( Date: 31-Oct-2008 18:15) Posted:



I also would like to take this opportunity to thank Bengster for his updates and insights into DES industry.

Perhaps, most of us have been drawn in due to optimism at this Co's potential and the size of DES industry. After all, this is the only Singapore home-grown Co which has become a formidable competitor to market leader, JNJ with exception for matching revenue.

One has to be amazed at the fact that this Co is able to come up with its own proprietry coating technology and drug within 7 years (including CE approval) from the time it enters the segment via purchase of Occam in year 2001. Not to mention that this is not even a pharmaceutical company to begin with.

For those who is very curious and have never visited this Co, it would be best to do so to truly have an appreciation of how far they have come.

However, like any other companies in this challenging times, it has to quickly generate significant revenue streams (no less than US 100 mil) to propel the Co forward and to support its vital activities (clinical trials and R & D).

 

 

 
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bengster68
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01-Nov-2008 00:57     
 
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Hi abc2xyz, i already have a feeling the 2nd 50% JWMS acquisition deal will not go thru in Sept.

The top economist in Singapore Prof Tan Kee Giap from NTU already said GDP growth for Singapore for 2009 will be around zero %. He expect a slow U-shape recovery in 2010. He also said Marina IR will be delayed before the official news is out.

 http://www.sghousing.com/2008/10/21/ntu-don-sees-protracted-recession-u-shape-recovery/

In 1997/98 in was only limited to Asia financial crisis. The dot-com / tech boom and strong electronics exports to USA and Europe pulled Asian economies up quickly. This time its global financial crisis and global protracted recession. Back in 2001 to 2003 recession, it was low interest cum super easy / fraudulent credit that fuelled economic rebound. Now deleveraging in progress and credit is being cut off significantly. Without this credit fuel, the recovery will be much slower than 2003 time. Got to becareful of many huge hedge fund collapse draging the whole market down. Credit Default Swap and other derivatives involving multiple trillions is another scary thing. I think the banking system may be overly regulated in future after the dust settle which may hamper recovery. I think we will be in for a very tough time ahead and better be prepared. This time like not so simple.



bengster68      ( Date: 24-Sep-2008 17:57) Posted:

Tomorrow's Straits Times "Mind & Body" got more articles about
Biosensors: The Proven Best Stent Developer In The World.
Biodegradable polymer (Biomatrix) and Totally Polymer-Free DES (Biomatrix-Freedom) is the way to go!!!

I feel there is a possibly that M&A could happen around end 2008. The 2nd JWMS deal is issuing too much new shares and very dilutive to existing shareholders (140m + 40m + 20m option), a total of 180m potential new shares to WeiGao. I think BIG has a current total issued shares of around 1.05B shares. Perhaps BIG should use licensing deal with JWMS to extract out some royalty fee from EXCEL DES sales for technology transfer and using BIG's limus on biodegradable polymer patent. BIG should have the first cut of profits from EXCEL DES sales via royalty, then split the remaining profits at 50:50 with WeiGao. BIG can also appoint JWMS as sole distributor for future products like Biomatrix in China when approval is obtained in end 2008. 180m new shares to WeiGao is very dilutive to existing shareholders, esp with regards to any M&A windfall.
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wb1931
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31-Oct-2008 18:15     
 
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I also would like to take this opportunity to thank Bengster for his updates and insights into DES industry.

Perhaps, most of us have been drawn in due to optimism at this Co's potential and the size of DES industry. After all, this is the only Singapore home-grown Co which has become a formidable competitor to market leader, JNJ with exception for matching revenue.

One has to be amazed at the fact that this Co is able to come up with its own proprietry coating technology and drug within 7 years (including CE approval) from the time it enters the segment via purchase of Occam in year 2001. Not to mention that this is not even a pharmaceutical company to begin with.

For those who is very curious and have never visited this Co, it would be best to do so to truly have an appreciation of how far they have come.

However, like any other companies in this challenging times, it has to quickly generate significant revenue streams (no less than US 100 mil) to propel the Co forward and to support its vital activities (clinical trials and R & D).

 

 

 
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PensionAlterEgo
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31-Oct-2008 17:52     
 
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TCT2008 Concludes with Presentation of Positive Data for the CYPHER(R) Sirolimus-eluting Coronary Stent
WARREN, N.J., Oct 30, 2008 (BUSINESS WIRE) -- This year's Transcatheter Cardiovascular Therapeutics annual meeting, also known as TCT2008, concluded recently with two important data presentations on studies that resulted in significant clinical differences between the CYPHER(R) Sirolimus-eluting Coronary Stent and Medtronic's Endeavor(R) Stent. In both SORT OUT III and the Western Denmark Heart Registry, the CYPHER(R) Stent was associated with significantly lower rates of stent thrombosis and revascularization (the need for another procedure) than the Endeavor(R) Stent.
In the randomized trial SORT OUT III, the incidence of heart attacks (myocardial infarction: Hazard Ratio (95% CI) 3.47 (1.14 -- 10.5) p=0.03) and definite stent thrombosis (Hazard Ratio (95% CI) 4.62 (1.33 -- 16.1) p=0.02) were significantly lower in patients receiving the CYPHER(R) Stent compared to those receiving the Endeavor(R) Stent. While the mortality rates were similarly low between the two products (approximately 2.0 percent each), the CYPHER(R) Stent was associated also with significantly less ischemia-driven target lesion revascularization at nine months than the Endeavor(R) Stent (Hazard Ratio (95% CI) 4.19 (2.10 -- 8.35) p< 0.0001). SORT OUT III involved more than 2,300 patients.
"SORT OUT III once again demonstrates excellent sustained clinical outcomes for the CYPHER(R) Stent and further shows that there are important differences between drug-eluting stents, in this case the CYPHER(R) Stent and the Endeavor(R) Stent," said Campbell Rogers, M.D., Chief Scientific Officer and Head, Global Research and Development, Cordis Corporation.
The SORT OUT III data were followed at TCT2008 by the Western Denmark Heart Registry, which also included the CYPHER(R) Stent and the Endeavor(R) Stent. At two years of follow up, the CYPHER(R) Stent had significantly lower rates of all-cause mortality (Adjusted RR (95% CI) = 1.34 (1.04 -- 1.71) p=0.02), lower rates of definite stent thrombosis in treated lesions (Adjusted RR (95% CI) = 1.78 (1.06 -- 3.00) p< 0.05), and target lesion revascularization (Adjusted RR (95% CI) = 2.25 (1.42 -- 3.56) p=0.0005) than the Endeavor(R) Stent.
"There now have been five different sets of data from randomized clinical trials and registries -- Endeavor III, SORT OUT III, ISAR TEST III, the SCAAR diabetes data and the Western Denmark Registry -- in which the CYPHER(R) Stent outperformed the Endeavor(R) Stent in key outcome measures," Dr. Rogers noted.
In another clinical trial -- ZEST AMI -- the CYPHER(R) Stent had less late loss and a lower rate of restenosis compared to the Taxus(R) Stent and the Endeavor(R) Stent in patients undergoing angioplasty for the treatment of a heart attack. The three products were comparable in terms of major adverse cardiac events or MACE, which was the primary endpoint of the study. The CYPHER SELECT(R) Plus Sirolimus-eluting Coronary Stent, a third generation of the CYPHER(R) Stent now available outside the U.S. and Japan, recently received CE Mark in the European Union for the treatment of heart attack (acute myocardial infarction).
"We continue to be gratified by the outstanding performance of CYPHER(R) compared with other drug-eluting stents. The breadth of clinicalsafety and efficacy dataand the long-term follow-up data on patient outcomesassociated with the CYPHER(R) Stentare unmatched by the competition, and this gap continues to widen," Dr. Rogers concluded.
>> well the truth is that Cypher is still a very good stent and their thrombosis values are still low when compared to so called newer stents like Endeavor. Endeavor has been bragging about their low values of thrombosis.
So for Biomatrix to be on par with Cypher for late thrombosis value up till now is considered still encouraging. And to be fair to Cypher, the late thrombosis values that was initially a scare was probably based on the new ARC definition while the old BMS values were based on a different scale. So people were kinda fooled by this disparity in thrombosis values. See http://www.medscape.com/viewarticle/546575 for more details.
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dontalkrubbish
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31-Oct-2008 16:46     
 
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 Alert Admin 		BIG better shoot up soon. One Technology can very easily replaced by another. If BIG takes too long to recover, someone might come up with a better technology.. then where will BIG be...?


abc2xyz      ( Date: 31-Oct-2008 16:30) Posted:



Hi Beng, looks like you abandon ship because of the "unsuccessful" M&A acquiring the additional 50% of JWMS and this has been the deciding factor coupled with your hefty losses.  Had you not lost heavily in some blue chips, I believe you might still hold on, since it is nobody's fault from the rejection of China to approve the complete taker.  Furthermore BIG has re-phrased as a result of this that there are going in other options to boost profitability for the company and the failure of a complete takeover does not prevent it from profitability as BIG still hold 50% of JWMS.  I am heavily invested in BIG also and die die will hold on to this baby if it means selling other counters to wait for 1 or 2 years.  However I disagree with your picture of a gloomy future. We are already in the gloomy present, and once we have information in the very near future that the nation is coming out from the technical recession, who can say we will not see big boom in the stock market?
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dontalkrubbish
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31-Oct-2008 16:38     
 
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 Alert Admin 		BIG better shoot up soon. One Technology can very easily replaced by another. If BIG takes too long to recover, someone might come up with a better technology.. then where will BIG be...?


abc2xyz      ( Date: 31-Oct-2008 16:30) Posted:



Hi Beng, looks like you abandon ship because of the "unsuccessful" M&A acquiring the additional 50% of JWMS and this has been the deciding factor coupled with your hefty losses.  Had you not lost heavily in some blue chips, I believe you might still hold on, since it is nobody's fault from the rejection of China to approve the complete taker.  Furthermore BIG has re-phrased as a result of this that there are going in other options to boost profitability for the company and the failure of a complete takeover does not prevent it from profitability as BIG still hold 50% of JWMS.  I am heavily invested in BIG also and die die will hold on to this baby if it means selling other counters to wait for 1 or 2 years.  However I disagree with your picture of a gloomy future. We are already in the gloomy present, and once we have information in the very near future that the nation is coming out from the technical recession, who can say we will not see big boom in the stock market?
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dontalkrubbish
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31-Oct-2008 16:35     
 
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BIG price is now so attractive, but yet you sell. Hope you're right.



bengster68      ( Date: 31-Oct-2008 11:00) Posted:



Sad to see this forum end up like that. Once and for all:

Bengster = ATK (no other nicks) 

Happyday = 787180 = Television

1. Bengster lost a lot of money esp on BIG and other blue chips. He is not holding BIG shares now. He seldom sell BIG shares except on 2 occaisons. Once immediately after CE Mark when price was on clear downtrend, bought back at over 70cts and sold again in Sept/Oct because he need money.

2. He is not an angel investor of BIG and his cost price is not 20cts.

3. He don't want to elaborate too much what made him changed his mind on cutting his BIG holdings at severe losses. He may be wrong on his latest view about BIG and don't want to create unnecessary fear that may affect other people's position who are still holding on to BIG. 

4. BIG will not go bankrupt over this prolonged recession. Just that Bengster's view on BIG's M&A has changed and he decided to let go BIG shares for the time being. There is still M&A chance for this company but most likely it will not happen by end 2008. There is a chance he may buy back again if he see certain events and conditions.

5. He can honestly said that although he have made some bad calls on this stock at times, he was not trying to lure "sacrificial lamps" into buying this stock when prices are soaring and he is dumping. He also reminded forumers never chase a soaring stock.  

6. Think carefully about his last advice and it is actually not unprudent and not intended to Hai Si Ren:

.....<<If you need $ or don't feel comfortable, better sell some. If you can hold, then hold. But if you are thinking of buying, better DON'T buy BIG now because BIG's share price is still in "fragile" state and still in a very dangerous situation.

Don't be greedy and bet your life in this type of market. Better sell some (not only restricted to BIG shares) if you need the money (within 3 years) or cannot afford to lose the vested money. Safety and survival is the most important criteria now. No questions asked. Better take care of your family as the first and most important criteria.>>   
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abc2xyz
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31-Oct-2008 16:30     
 
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Hi Beng, looks like you abandon ship because of the "unsuccessful" M&A acquiring the additional 50% of JWMS and this has been the deciding factor coupled with your hefty losses.  Had you not lost heavily in some blue chips, I believe you might still hold on, since it is nobody's fault from the rejection of China to approve the complete taker.  Furthermore BIG has re-phrased as a result of this that there are going in other options to boost profitability for the company and the failure of a complete takeover does not prevent it from profitability as BIG still hold 50% of JWMS.  I am heavily invested in BIG also and die die will hold on to this baby if it means selling other counters to wait for 1 or 2 years.  However I disagree with your picture of a gloomy future. We are already in the gloomy present, and once we have information in the very near future that the nation is coming out from the technical recession, who can say we will not see big boom in the stock market?
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sharejunkie
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31-Oct-2008 15:24     
 
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Firstly, Bengster, a big THANK YOU for sharing so much of your knowledge with us in the past and I hope you will continue to do so as you overcome your current personal financial difficulties.

For myself, I'm still holding 100+ lots, of course at a loss, but I'm still investing monthly with a very long term view as I believe this company has a very bright future ahead, with or without M&A. Hopefully before the market turns around, I can reach jackjames average price.  :)

xiaomage, your posts are always funny in a tragic sort of way. But take a wider view that you would have suffered losses in ANY stock during this unprecedented downturn. If I had invested in my current so-called "blue chip" company, I would be sitting on even greater losses compared to BIG! Anyway, the silver lining is that I'll be REALLY looking forward to new share option issues.

Looking ahead over a longer time frame, the combined worldwide effort to rescue the financial system is also unprecedented and will likely result in an unprecedented boom in stock markets. Remember how Asian countries recovered after the Asian Financial Crisis, well this is now going to repeat on a global scale. So make sure you're on this ride and don't forget to enjoy the scenery!  :)
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01550615
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31-Oct-2008 14:53     
 
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 Alert Admin 		That why you r given an elite titleSmiley

jackjames      ( Date: 31-Oct-2008 14:45) Posted:



ha ha.. bengster the more you explain the more people will attack you....

and others please don't think we buy this because of bengster.. oh please.. bengster is not God okay, ha ha..

my share holding of biosensor only 20 lots.... averaging price now is $0.3867

is it hard to break my breakeven cost, use your brain to think... 6 months cannot reach, 1 year lo.. still cannot 3 years can gua... ha ha.. anyway, that's only 20 lots... cheers.
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jackjames
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31-Oct-2008 14:45     
 
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ha ha.. bengster the more you explain the more people will attack you....

and others please don't think we buy this because of bengster.. oh please.. bengster is not God okay, ha ha..

my share holding of biosensor only 20 lots.... averaging price now is $0.3867

is it hard to break my breakeven cost, use your brain to think... 6 months cannot reach, 1 year lo.. still cannot 3 years can gua... ha ha.. anyway, that's only 20 lots... cheers.
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ironside
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31-Oct-2008 14:26     
 
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 Alert Admin 		Bengster, thank you again for responding, and sharing your views, I wish you well! Earlier one forumer caution that our investment should not be merely based on forum posting, should learn TA and FA. Definitely, we should do our due-deligent before investing our hard earned money! Fortunately, I still can afford to hold on to my shares (with huge paper losses!) Bengster, I think you may be too pessimistic this time, I do not think the Financial Structure will collapse. Some experts said that Europe will recover around end 2009, and USA may take an additional year. Hopefully, during this period there is no major terrorist attack !
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bengster68
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31-Oct-2008 13:14     
 
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 Alert Admin 		I used to hold over 6,000 lots of BIG. I start selling because i realise i have miscalculated my M&A hypothesis especially the probability and timing of M&A happening and the ferocity of this bear market. Business and market conditions has turned very horrible, i need money so i chose to cut loss on my stock positions instead of exposing my money to more risk. Taking care of my own business and family should be the top priority instead of hoping to recover my losses and bearing more stock market risk. In times like these, survival through this crisis is the most important, not to be greedy or hope to salvage back as much losses as possible which may not happen soon. The market is always there next time. I have to survive thru this crisis first and i cannot risk of not able to surviving thru. "Dangerous position" is due to vicious cycle market mechanism which can happen anytime again. Even if BIG remains independent, BIG will make real SOLID profits eventually 2 years down the road but can the savage bear market wait for BIG to start showing SOLID profits? My personal believe is the stock market has not hit the bottom yet.   
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trader88.sg
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31-Oct-2008 12:22     
 
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A very good lesson can be learnt from BIG saga here in this forum:

Never rely solely on others' opinions for taking positions because no one knows what is really behind their mind. Just treat others' opinion as a reference. Blame no others for relying too much on their views. Learn some investment skills be it TA or FA and make one's own decision.
 
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ironside
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31-Oct-2008 11:50     
 
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Hi Bengster, thank you for responding to this forum though you have sold all your BIG shares. (all 3000 lots ???)

Before the Financial Tsunami you were very positive on BIG, now at the very low of $0.24 you advise people ....But if you are thinking of buying, better DON'T buy BIG now because BIG's share price is still in "fragile" state and still in a very dangerous situation.

I was influenced by you in certain degree to invest heavily in BIG, I hope you can elaborate 'in very dangerous situation'. Pls. share you thinking in giving up your 3000 lots, thks.
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allright
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31-Oct-2008 11:43     
 
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 Alert Admin 		I too lost when I had to sell some from margin but (stupidly???)still kept balance. Bengster good luck and I hope you keep us informed as we believe you are very knowledgeable. This whole market is so bad that even blue chips get hammered.
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ekekeg
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31-Oct-2008 11:17     
 
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Thank you bengster.  To reply us and admit your losses in BIG itself, show you are a gentleman. In this market, every share investor who has shares will lose some money little or much; no matter which counter.

Thank you also for pointing out who is Happyday,Television and 787180.

Good Luck, and hope to see you investing in BIG in future.

If you have good news on the counter, let us all who are still stuck hear about it.



bengster68      ( Date: 31-Oct-2008 11:00) Posted:



Sad to see this forum end up like that. Once and for all:

Bengster = ATK (no other nicks) 

Happyday = 787180 = Television

1. Bengster lost a lot of money esp on BIG and other blue chips. He is not holding BIG shares now. He seldom sell BIG shares except on 2 occaisons. Once immediately after CE Mark when price was on clear downtrend, bought back at over 70cts and sold again in Sept/Oct because he need money.

2. He is not an angel investor of BIG and his cost price is not 20cts.

3. He don't want to elaborate too much what made him changed his mind on cutting his BIG holdings at severe losses. He may be wrong on his latest view about BIG and don't want to create unnecessary fear that may affect other people's position who are still holding on to BIG. 

4. BIG will not go bankrupt over this prolonged recession. Just that Bengster's view on BIG's M&A has changed and he decided to let go BIG shares for the time being. There is still M&A chance for this company but most likely it will not happen by end 2008. There is a chance he may buy back again if he see certain events and conditions.

5. He can honestly said that although he have made some bad calls on this stock at times, he was not trying to lure "sacrificial lamps" into buying this stock when prices are soaring and he is dumping. He also reminded forumers never chase a soaring stock.  

6. Think carefully about his last advice and it is actually not unprudent and not intended to Hai Si Ren:

.....<<If you need $ or don't feel comfortable, better sell some. If you can hold, then hold. But if you are thinking of buying, better DON'T buy BIG now because BIG's share price is still in "fragile" state and still in a very dangerous situation.

Don't be greedy and bet your life in this type of market. Better sell some (not only restricted to BIG shares) if you need the money (within 3 years) or cannot afford to lose the vested money. Safety and survival is the most important criteria now. No questions asked. Better take care of your family as the first and most important criteria.>>   
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bengster68
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31-Oct-2008 11:00     
 
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Sad to see this forum end up like that. Once and for all:

Bengster = ATK (no other nicks) 

Happyday = 787180 = Television

1. Bengster lost a lot of money esp on BIG and other blue chips. He is not holding BIG shares now. He seldom sell BIG shares except on 2 occaisons. Once immediately after CE Mark when price was on clear downtrend, bought back at over 70cts and sold again in Sept/Oct because he need money.

2. He is not an angel investor of BIG and his cost price is not 20cts.

3. He don't want to elaborate too much what made him changed his mind on cutting his BIG holdings at severe losses. He may be wrong on his latest view about BIG and don't want to create unnecessary fear that may affect other people's position who are still holding on to BIG. 

4. BIG will not go bankrupt over this prolonged recession. Just that Bengster's view on BIG's M&A has changed and he decided to let go BIG shares for the time being. There is still M&A chance for this company but most likely it will not happen by end 2008. There is a chance he may buy back again if he see certain events and conditions.

5. He can honestly said that although he have made some bad calls on this stock at times, he was not trying to lure "sacrificial lamps" into buying this stock when prices are soaring and he is dumping. He also reminded forumers never chase a soaring stock.  

6. Think carefully about his last advice and it is actually not unprudent and not intended to Hai Si Ren:

.....<<If you need $ or don't feel comfortable, better sell some. If you can hold, then hold. But if you are thinking of buying, better DON'T buy BIG now because BIG's share price is still in "fragile" state and still in a very dangerous situation.

Don't be greedy and bet your life in this type of market. Better sell some (not only restricted to BIG shares) if you need the money (within 3 years) or cannot afford to lose the vested money. Safety and survival is the most important criteria now. No questions asked. Better take care of your family as the first and most important criteria.>>   
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