NEU 2.17% $21.22 neuren pharmaceuticals limited

Hottod I agree with your comments about selling NEU : "The funds...

  1. 182 Posts.
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    Hottod I agree with your comments about selling NEU : "The funds taking, say 13m shares @$1.40 in this CR certainly wouldn’t object to their “windfall”, nor would Karst Peak which was sold its 14m shares @$1 by Lang Walker. If anything, these funds coming on board at this stage (for 5c and 7c pre-consolidation equivalent) increases the likelihood of a nearer-term, low-ball acquisition. Imo."

    Prior to NEUs fund-raising announcement I wrote to the Chairman against the 'management incentive' proposition and said NEU should be sold now if management didn't think $8/share could not be achieved within a reasonable time frame (months not years). My target is $8 per share (holding for 15 years), but I'm even more convinced NEU should be sold now albeit at a $4-$5 low-ball price. There are other good market opportunities for funds right now without the same long-term, technical, management & commercial risks.

    Hedge Funds will win again....but that's their game and they're good at it. After 15 years waiting, I'll happily go and win on something else !

    Not professional advice : do your own DD


 
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Last
$21.22
Change
0.450(2.17%)
Mkt cap ! $2.705B
Open High Low Value Volume
$20.76 $21.43 $20.70 $7.892M 373.7K

Buyers (Bids)

No. Vol. Price($)
1 596 $21.22
 

Sellers (Offers)

Price($) Vol. No.
$21.26 1054 1
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$21.24
  Change
0.450 ( 2.73 %)
Open High Low Volume
$20.76 $21.42 $20.73 102057
Last updated 15.59pm 28/03/2024 ?
NEU (ASX) Chart
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