CSL - CSL Limited

[mullokintyre]

The Australian sees CSL going to $300 based on a ridiculously expensive drug for the treatment of Haemophilia.

A patient in the US has become the first person to receive the world’s most expensive drug, Hemgenix, as CSL begins to commercialise its treatment for haemophilia B.
At $3.5m a shot, Hemgenix aims to effectively cure patients in one dose, replacing regular infusions that can cost more than $20m over an adult lifetime.

Analysts had been anticipating a quicker launch of the drug, which the US Food and Drug Administration approved last November, and initially expected that it would send CSL shares soaring above $300 again.

Part of the reason why commercialisation has been slower than expected is that health funds have been reviewing coverage of Hemgenix on a case-by-case basis.

But CSL has confirmed that more than 60 per cent of the US population has health policies covering the cost of the one-time only gene therapy.

An Australian launch is understood to be several years away, with the drug currently before the Therapeutics Goods Administration.
CSL Behring vice president for North America, Bob Lojewski, highlighted the cost savings to the health system, despite the high upfront price.

“Discussions between CSL Behring and the payer community on the value proposition offered for Hemgenix have been positive, which is reflected in the policies that have been written,” Mr Lojewski said.

“As part of our longtime promise to patients, CSL Behring is thrilled to mark this latest milestone of the first commercial patient having received Hemgenix and look forward to continuing to deliver this paradigm-shifting treatment to the haemophilia B community.”

Haematologist Matthew Ryan administered the first dose of the drug to patient in Wisconsin and said it was a “long-awaited advancement” for people with haemophilia B – a debilitating illness that plagued European royalty in the 19th and early 20th centuries and affects about one in 40,000 males today.

Lets hope it works for the sufferers of haemophilia.
Mick

 

[dyna]

Got another 10 grand worth this morning at $ 269 .00 .
Patience pays off in this game .
Now if only I could always follow my own good advice .
Next entry ? I'm thinking $ 250 . A fair way off , so not getting my hopes up .
So tempted to dive back in this arvo but there are a lot more buyers than sellers at the moment. Better to wait for the close and see what the bigshots rake in after 4 pm .

 

[Dona Ferentes]

This has been quite a slide since the update. And not a conviction yet that a base has formed.

 

[mullokintyre]

This has been quite a slide since the update. And not a conviction yet that a base has formed.

View attachment 159355

Fallen enough for me to take a parcel.
mick

 

[peter2]

CSL looks like it's another stock that's been sold down irrationally (oversold), but I'm not going to argue with the market and buy some yet. I'll just add it to the watch list and wait for a rally to start.

 

[Craton]

SP ran up thanks to Covid, since then lower highs and lower lows, PE now just shy of 40, $370M forex hit, boom big gap down, more downside to come me thinks.

 

[dyna]

more downside to come

I wish that were so , but I now have to reconsider my woolly -thinking $ 250 target.
All the big volumes today went through in the after market trading.
Instos !
May have to bite the bullet real soon . looks like the bottom is pretty near .

 

[Craton]

I wish that were so , but I now have to reconsider my woolly -thinking $ 250 target.
All the big volumes today went through in the after market trading.
Instos !
May have to bite the bullet real soon . looks like the bottom is pretty near .

No worries. If I was a day trader, I'd be looking at CSL from a different angle too.

 

[DrBourse]

May as well butt in again on the CSL conversation.
IMO, Irrational Exhuberance has always ruled CSL.
IMO CSL was Overvalued back on 17/12/21 when their SP was at $273.00, their IV at that date was $176 to $215.
As at today 17/6/23 the CSL IV is well below $200,
So IMO another two 10%+ drops are well overdue.

The sheep notice that someone sneezes, then within a short time the sheep hear that CSL has developed a vaccine or whatever, So, then the the Expert Brokers an Analysts of the world issue rave reviews, so the sheep do what sheep always do, they chase the SP up to ridiculous heights.
Then a few months later the whole process repeats.
CSL are only doing their job, so the Analysts should not be ramping the stock for just doing their job.... Grrrrrrrr..
Crawling back into my cave now....

Well 17/6/23 to Today 12/7/23 = the predictable 2nd 10% drop - Only one more small drop to come.....
An IV done 4/7/23 = $225 to $258..... And that is a pretty generous call.....

Even then CSL will have 8 Resistance lines to cross.....

WATCHOUTDOWNUNDER....

Cheers....
DrB.

 

[DrBourse]

Well 17/6/23 to Today 12/7/23 = the predictable 2nd 10% drop - Only one more small drop to come.....
An IV done 4/7/23 = $225 to $258..... And that is a pretty generous call.....

Even then CSL will have 8 Resistance lines to cross.....

WATCHOUTDOWNUNDER....

Cheers....
DrB.

Sorry, forgot to attach the CSL Chart....

 

[Dona Ferentes]

things got interesting about 3:30pm. Usually this is a feature of opening or closing auctions, but that was a concerted selling off. More to come or is that it?

 

[peter2]

Interesting, another $10 to fall to get to the bottom of its current monthly range.
The green box also represents the 50-62% retracement of the last impulsive move up.

This dip looks likely to provide a good risk/reward opportunity as the medium and longer term outlook for CSL is promising.

 

[rcw1]

Good morning

• CSL raised to Buy; $313 target: CLSA

Kind regards
rcw1

 

[DrBourse]

rcw1 - B careful with CSL.....
Other Expert Analysts are not happy with CSL....

CSL still falling IMO ......
IV is $225 to $258 ATM....
Cheers M8

 

[DrBourse]

IMO, FOMO will begin to take hold of CSL from here on....
Don't be a Sheep......
Following the Sheep invariably leads to the Slaughter House...

 

[UMike]

IMO, FOMO will begin to take hold of CSL from here on....
Don't be a Sheep......
Following the Sheep invariably leads to the Slaughter House...

Haven't agreed with some of your analysis's but you seem right on point on this one.

Goes to prove. Taking modest profits are better than blindly holding on long term.

Can I ask??? What is FOMO?

 

[DrBourse]

Fear Of Missing Out

 

[UMike]

Fear Of Missing Out

I Read you.
As a bottom picker and with Cash in the super I am looking for a bottom on this one.
We are not there yet.
Stating the obvious this is a company that is too big for the layman to understand.

Standing outside the Corral observing.

 

[DrBourse]

The Sheep in the paddock next to me (The FOMO Mob) jumped onto the CSL bus yesterday….

Now, today 19/7/23, at abt midday they are not so sure the bus is heading in the direction they want to go….….

A Red Candle, Hesitant Indicators, Loss of Momentum, No real ‘Driver’ behind the rise, and several other -ives (like Analysts spruiking massive rises) make me nervious….

I’m probably wrong, but there are not enough +ives 4 me yet….. I’ll wait for the next bus, should be here within a few days, then I’ll know which direction it’s heading, Upstream, or Downstream…..…..

Anyone that bought in late yesterday must be very worried atm....

I reckon they should have waited till the Full Financials were released B4 jumping on board….

Cheers...
DrB.

 

[DrBourse]

Looking back at yesterdays action, to me, it looks as though the Algo Traders created a late Green Candle and a ST Uptrend (abt 2pm), that was prob what got the Sheep a bit excited - Dunno - just an observation.....