ANP 16.7% 10.5¢ antisense therapeutics limited

Antisense- green alert to ??

  1. 258 Posts.
    I don’t have a valuation for antisense primarily because it is still a research company and there is no earnings to base the information on. Having said that I recall some time ago some brokers calling it at least 50cents+ based on the potential of their research. That was possible then when the sentiment for the biotech sector was very good. We should therefore discount that valuation heavily by say at least half.

    Anp has support of a major pharmaceutical and biotech company and I think in the last few months has indicated that it progressing along well. Hopefully we should see some results soon. I notice this morning that the market depth has been buiding up from the 10cents level. The last time it came down to this level it sprang forward to about 15cents. It looks like the tax selling may well be done and people are picking up the stock again for a rebound. At this level it seems that downside is limited (lowest was 10.5cents) with good potential for a bounce especially if we get a good announcement.

    Have a look yourself and see if you agree.
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