1. Most Discussed
  2. Gainers & Losers
MBP 3.0¢

stock to watch

  1. moneyrain

    343 Posts.

    Metabolic Pharmacuticals is due to release the lastest phase 2 trial results by the end of the month. Volume has been increasing in the last few days in anticipation of these results.

    However, Circadian Technologies CIR holds 34% of Metabolic and generally rises as MBP does. This is due because each CIR share equates to 1.3 MBP shares.

    Along with their other holdings in AML, ANP, AXN, OIL and their cash on hand equates to each CIR share being worth about $2.20 at todays closing prices.

    So CIR is trading at a 40% discount at the current price.

    Also Packer & Co. Ltd have been slowly increasing their holdings over the last year and now have at least 8.6% according to their latest ASX announcement. I worked out the average price paid by Packer & Co. Ltd and it is approx $1.95. And by my calculations they have bought 32% of the shares sold on the ASX between 4/02/2002 and 6/01/2003.

    In addition the value of CIR's holdings in Amrad (CIR owns 21.64%) should increase in the near future when AML completes the sale of their Melbourne property, as they reported recently ($50M+). The property sale price is higher than AML's current company valuation based on the share price.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.