What a great looking company I just came across by accident... its currently trading at 30.75p. . A great looking venture capital company specifically in the pharma space. They have just secured fresh funding of 10 million with expected revenues of 33.69 million (up 3.3 million on last year) despite this performance in a tough climate, the share price is half that of the high's from last June.
This is expected to be their second year of profitability and although volumes are currently low, I think that results out on 30th June will provide a nice upward movement.
I'm also happy to hold this one as it provides a nice safety being in a typically defensive sector that will still perform in bear markets.
I'll be looking to purchase at the 30p mark. Target 50p.
I have since read a lot more on this and am a little more nervy about placing this trade. if anyone plans on following me in, keep stops tight as this is a risky play. Longer term though I think this is a good buy.
ReplyDeleteFor those that decided to read on through this comment - you can have the details here. EPIC = SPH, Sinclair Pharma