BLT - Benitec Biopharma
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Re: BLT - Benitec Limited
I have a small holding that i bought at 20.5 cents.
Where will support lie for BLT?
Is the stock finished are we heading back to 2 cents... or has there been to much progress for that?
I want to get more, but dont know what price to get them at.
Are we going sub tens again?
I have a small holding that i bought at 20.5 cents.
Where will support lie for BLT?
Is the stock finished are we heading back to 2 cents... or has there been to much progress for that?
I want to get more, but dont know what price to get them at.
Are we going sub tens again?
Re: BLT - Benitec Limited
Wow Ken you ask potent questions and whose opinion is worth anything? I have a relatively inexpensive holding I bought at .07 cents and am just intending to hold it for long term. I think the company has big potential, CSIRO and Pfizer etc think so and they would know. These dips are common to the share market on speculative stocks when some iffy news is announced which should be ignored. I doubt share price will return to .02cents but one never knows, stranger things have happened. If it does I will buy a lot more at that price. We just wait & see and patience is a virtue in the sharemarket.
I hold CMP and bought some at .70cents a few years ago, and as it fell I just kept buying more, until it fell to .06 cents then I increased my buying, and now its up to around 20 cents lately and I am in a pretty good profit zone. So patience does win out and if I think its a good company I simply stick to it. That's my strategy anyway.
Wow Ken you ask potent questions and whose opinion is worth anything? I have a relatively inexpensive holding I bought at .07 cents and am just intending to hold it for long term. I think the company has big potential, CSIRO and Pfizer etc think so and they would know. These dips are common to the share market on speculative stocks when some iffy news is announced which should be ignored. I doubt share price will return to .02cents but one never knows, stranger things have happened. If it does I will buy a lot more at that price. We just wait & see and patience is a virtue in the sharemarket.
I hold CMP and bought some at .70cents a few years ago, and as it fell I just kept buying more, until it fell to .06 cents then I increased my buying, and now its up to around 20 cents lately and I am in a pretty good profit zone. So patience does win out and if I think its a good company I simply stick to it. That's my strategy anyway.
Ken said:
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Re: BLT - Benitec Limited
I'd say 6.5c tentatively as a possible support if it gets below 10c BUT so many people will be feeling burnt right now that I don't think there's a support anywhere. Your guess is as good as mine. My average buy price is now 12.7c and I'm feeling mildly safe.
The biggest question at the moment is when will the HIV lymphoma tests commence? Some news in this space would send the SP back to or above 20c no trouble I reckon. I'm holding 'til that gets announced.
I'll vomit if the SP goes much below 10c.
I'd say 6.5c tentatively as a possible support if it gets below 10c BUT so many people will be feeling burnt right now that I don't think there's a support anywhere. Your guess is as good as mine. My average buy price is now 12.7c and I'm feeling mildly safe.
The biggest question at the moment is when will the HIV lymphoma tests commence? Some news in this space would send the SP back to or above 20c no trouble I reckon. I'm holding 'til that gets announced.
I'll vomit if the SP goes much below 10c.
Re: BLT - Benitec Limited
m.
It's called a stop-loss for a reason, I figured a ~40% drop in share price was enough to cut & run. I didn't have much skin in the game, so my loss wasn't particularly painful, I'll put it down to "education" and move on.britishcarfreak said:I'll vomit if the SP goes much below 10c.
m.
Re: BLT - Benitec Limited
I wrote an email to Benitec (see below) asking a few questions. The CEO phoned me and told me that the particular patent in issue is a very important and enabling patent, although they have 60 patents running across 19 jurisdictions. This one is essential to Benitec's success. She said that they have access to CSIRO's legal team which is Blake Dawson Waldron and they have a tremendous IP team which are working hard to get the patent approved. This can take another six months and they are hoping to achieve this by then. SHe said that their substantial legal costs are covered by their IP insurance and Benitec does not have to pay the costs.
She said that the re-examination is not a rejection of their patent application, but part of a long ongoing process that began quite a few years ago. She said she has been getting quite a few enquiries about Benitec and the patent this week, and they are also concerned about the drop in share price. I hope this information is of some assistance.
***************
As a shareholder of just a few months, I am concerned at the fall in share price this week. Is this a sign that the company is in trouble due to the patent re-examination of Michael Graham's bio-technology? Does the company's prospects hinge on this particular patent? How dependant is Benitec on the patent's survival and is CSIRO funding the legal challenge to the USPTO's rejection of the patent in its current form? Is the patent application being rejected in total or does it merely need modification? Is it possible for you to answer these questions?
I wrote an email to Benitec (see below) asking a few questions. The CEO phoned me and told me that the particular patent in issue is a very important and enabling patent, although they have 60 patents running across 19 jurisdictions. This one is essential to Benitec's success. She said that they have access to CSIRO's legal team which is Blake Dawson Waldron and they have a tremendous IP team which are working hard to get the patent approved. This can take another six months and they are hoping to achieve this by then. SHe said that their substantial legal costs are covered by their IP insurance and Benitec does not have to pay the costs.
She said that the re-examination is not a rejection of their patent application, but part of a long ongoing process that began quite a few years ago. She said she has been getting quite a few enquiries about Benitec and the patent this week, and they are also concerned about the drop in share price. I hope this information is of some assistance.
***************
As a shareholder of just a few months, I am concerned at the fall in share price this week. Is this a sign that the company is in trouble due to the patent re-examination of Michael Graham's bio-technology? Does the company's prospects hinge on this particular patent? How dependant is Benitec on the patent's survival and is CSIRO funding the legal challenge to the USPTO's rejection of the patent in its current form? Is the patent application being rejected in total or does it merely need modification? Is it possible for you to answer these questions?
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Re: BLT - Benitec Limited
I went in ealier at 13.5. Pure guess work on my part though as to what the bottom on this will be.
I went in ealier at 13.5. Pure guess work on my part though as to what the bottom on this will be.
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Re: BLT - Benitec Limited
Yep. I got some more at 13c.
I'll learn my lesson one day though. Every time I chase something falling - thinking I'm getting something as a bargain - I always get shafted. But this time I'm hoping I'm better informed that the usual punter and therefore expect to win out over the long term.
But honestly - my reasoning was as follows:
1) Typical market overreaction to something they didn't even understand
2) News was old hat anyway as it was covered previously and has been going since 2004 apparently!
3) There's still upside potential for their other IP sets - but I don't fully understand how much.
4) Takeover potential still exists
Yep. I got some more at 13c.
I'll learn my lesson one day though. Every time I chase something falling - thinking I'm getting something as a bargain - I always get shafted.
But this time I'm hoping I'm better informed that the usual punter and therefore expect to win out over the long term.But honestly - my reasoning was as follows:
1) Typical market overreaction to something they didn't even understand
2) News was old hat anyway as it was covered previously and has been going since 2004 apparently!
3) There's still upside potential for their other IP sets - but I don't fully understand how much.
4) Takeover potential still exists
Re: BLT - Benitec Limited
There 1/4 report also out, nothing flash.
Has been very volatile. Good if you know whats coming.
Was it really worth being put on a trading halt? Maybe that has added to drop we have seen.
Trading halts seem some what dramatic.
There 1/4 report also out, nothing flash.
Has been very volatile. Good if you know whats coming.
Was it really worth being put on a trading halt? Maybe that has added to drop we have seen.
Trading halts seem some what dramatic.
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Re: BLT - Benitec Limited
Yes: Trading halt did seem severe. Scared the crap out of me most of last night as I didn't want to lose all my gains from the last few months. Well no point getting upset now as I'm back to breakeven.
Capital raising would really annoy me right now... and this is still coming. If capital raising had of been the announcement today then we could have had a raising exercise at around 17c - but now we'll probably not see SP go back up for weeks/months and the capital raising may well happen close to 10c mark. Add to this a potential 20% dilution of SP due to Bremner options issue and things look even worse.
That's the downside.
I think anyone that went hard for the BLTO options (remember they went beserk) might be pretty uncomfortable right now as the (was it) 29c trigger is pretty high and due some time around March wasn't it?
Yes: Trading halt did seem severe. Scared the crap out of me most of last night as I didn't want to lose all my gains from the last few months. Well no point getting upset now as I'm back to breakeven.
Capital raising would really annoy me right now... and this is still coming. If capital raising had of been the announcement today then we could have had a raising exercise at around 17c - but now we'll probably not see SP go back up for weeks/months and the capital raising may well happen close to 10c mark. Add to this a potential 20% dilution of SP due to Bremner options issue and things look even worse.
That's the downside.
I think anyone that went hard for the BLTO options (remember they went beserk) might be pretty uncomfortable right now as the (was it) 29c trigger is pretty high and due some time around March wasn't it?
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Re: BLT - Benitec Limited
just speculation... but I might go and have a look at how they've been fairing.
just speculation... but I might go and have a look at how they've been fairing.
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Re: BLT - Benitec Limited
BLTO Last trade 3.7c down-2.3c (38.3% today)
BLTO Last trade 3.7c down-2.3c (38.3% today)
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Re: BLT - Benitec Limited
At close today there were about 160odd sellers listed. Now a few hours after there's only 75 sellers listed. What do you all make of that? It was hovering around 120-140 or so all day.
At close today there were about 160odd sellers listed. Now a few hours after there's only 75 sellers listed. What do you all make of that? It was hovering around 120-140 or so all day.
Re: BLT - Benitec Limited
The patent in issue obviously is a very important one to the company, and very important to the company who is challenging the patent in litigation against Benitec. I hope it is all settled in favour of Benitec of course. We have to wait and see what happens over the next six months. They are going to reply to the re-examination issues as soon as they can and they hope the patent is simply approved this time. This is a possibility the CEO said. Then of course, the share price will spike again like you wouldn't believe I imagine.
The patent in issue obviously is a very important one to the company, and very important to the company who is challenging the patent in litigation against Benitec. I hope it is all settled in favour of Benitec of course. We have to wait and see what happens over the next six months. They are going to reply to the re-examination issues as soon as they can and they hope the patent is simply approved this time. This is a possibility the CEO said. Then of course, the share price will spike again like you wouldn't believe I imagine.
Re: BLT - Benitec Limited
My strategy with BLT is to accumulate.
Its disappointing the share price has dropped but is it opportunity for going long on this?
I was not aware about BLT untill the start of the month.
I am a lot happier buying at current levels than at 20 cents plus.
When BLT makes or breaks, it will either be a long way ahead of 13 cents or a long way down....
My strategy with BLT is to accumulate.
Its disappointing the share price has dropped but is it opportunity for going long on this?
I was not aware about BLT untill the start of the month.
I am a lot happier buying at current levels than at 20 cents plus.
When BLT makes or breaks, it will either be a long way ahead of 13 cents or a long way down....
Re: BLT - Benitec Limited
I'm still in good profit mode on the stock since my original purchase of Benitec in November 06, so I think I will just pretend the big spike never happened and the current level is, in that light, in a very very good zone ;-)
we cannot get too greedy, although next time a share spikes so much so fast, like 400% in one day i am selling ... this time i am sitting it out
I'm still in good profit mode on the stock since my original purchase of Benitec in November 06, so I think I will just pretend the big spike never happened and the current level is, in that light, in a very very good zone ;-)
we cannot get too greedy, although next time a share spikes so much so fast, like 400% in one day i am selling ... this time i am sitting it out
Ken said:
Re: BLT - Benitec Limited
Yeah well, its clarified now that Benitec's IP insurance company is paying for the legal work and they have been making deals with the big guns regardless of this patent issue which commenced in 2004 and it was not a secret. So it should all go well, and this downturn in the share price is an overreaction and will be corrected. On checking, it seems the share price is currenty back to where it was approximately 10 months ago, so there we are, going backward but also going forward ...
Yeah well, its clarified now that Benitec's IP insurance company is paying for the legal work and they have been making deals with the big guns regardless of this patent issue which commenced in 2004 and it was not a secret. So it should all go well, and this downturn in the share price is an overreaction and will be corrected. On checking, it seems the share price is currenty back to where it was approximately 10 months ago, so there we are, going backward but also going forward ...
sydneysider said:
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Re: BLT - Benitec Limited
I agree with your statement - but we must note that the risks of the graham patent family are increasingly moving up. Accordingly the SP should have moved down - which it did.
I wholeheartedly believe the market has overreacted BUT it will be hard to get it to react positively. Although if someone LARGE wants to take a bigger position I guess it could happen pretty quick.
Long term I'm still confident that we're ok but the immediate future will be very shaky and test nerves for long-term holders that have an entry price close to current SP. (like myself )
I agree with your statement - but we must note that the risks of the graham patent family are increasingly moving up. Accordingly the SP should have moved down - which it did.
I wholeheartedly believe the market has overreacted BUT it will be hard to get it to react positively. Although if someone LARGE wants to take a bigger position I guess it could happen pretty quick.
Long term I'm still confident that we're ok but the immediate future will be very shaky and test nerves for long-term holders that have an entry price close to current SP. (like myself
)