Australian (ASX) Stock Market Forum

IMM - Immutep Limited

Jump to new
Some pretty serious volumes going through again today.

Price took a hit but VWAP was 20.4 cents.

Given that nasdaq listing approval was supposed to take 90 days at the outside as posted on 30/09/10 it must be getting very close now.

Looking at these volumes I'm thinking some big boys are loading up to onsell to Bank Of New York Mellon as ADR's when PRR lists.

Now the JP Morgan conference is the biggest in the world for biotech where PRR is presenting next week.

So potentially we have a gigantic new tech savvy investor base that could be clamouring for a piece of the action via the ADRs which are going to trade at 30 to 1.

Say initial interest in the US is 10 million shares on the Nasdaq =300 million less on the ASX.

The past four days trading have seen about 100 million change hands. Someone is loading up.

IMHO once the Nasdaq listing is confirmed (presumably there are no logical impediments to this happenstance) ASX holders are probably going to be less likely to release their shares to Mellon and there is going to be a huge liquidity squeeze.

The timelines for Cvac are drawing closer to registration and sales as well. And the really long term thought is how Cvac will perform clinically against breast cancer.

I'm weighted in now for my SMSF and will be following with interest.

:)
 
A good news day!

Says a lot for PRR when they can give their financial backers the flick and then said backers waive the exit fee and then ask for a piece of the company to invest in!

Management must be extremely confident of the companys future. Mr market liked it as well.

Happy days!

:dance:
 
Agreed.

Been waiting for these to move for a while now; still holding the shares issued as part of the capital raising some time back. Issued at 15c, I think. You can almost feel in your bones that more gains are coming - investors are now seeing what we've been seeing. The potential is manifestly gigantic, the roadshow and NASDAQ listing is but a small step in a stock with a market cap of just, wait for it, $151m. Dendreon, the US equivalent, has a market cap of $5.3b - yep, that's BILLION!

2012 can't come quick enough.
 
Whoa! Someone just got their shopping basket out!

Only nibbles on the buy side were the bots at 23 cents and now whooshka!

It will be very interesting to see what happens when the NASDAQ occurs!

:bekloppt:
 
Slipperz said:
Whoa! Someone just got their shopping basket out!
Click to expand...
Yep - nice big bite:
TIME . PRICE . UNITS . VALUE
12:02:18 PM . 0.240 . 1,000,000 . 240,000.00

Lots of other cross-trades occurring and a few more medium bites:
TIME . PRICE . UNITS . VALUE
12:08:54 PM . 0.245 . 133,695 . 32,755.28
12:08:32 PM . 0.250 . 100,000 . 25,000.00
12:08:23 PM . 0.250 . 100,000 . 25,000.00
12:07:55 PM . 0.250 . 200,000 . 50,000.00

The fish are biting!
 
zzaaxxss3401 said:
Yep - nice big bite:
TIME . PRICE . UNITS . VALUE
12:02:18 PM . 0.240 . 1,000,000 . 240,000.00

Lots of other cross-trades occurring and a few more medium bites:
TIME . PRICE . UNITS . VALUE
12:08:54 PM . 0.245 . 133,695 . 32,755.28
12:08:32 PM . 0.250 . 100,000 . 25,000.00
12:08:23 PM . 0.250 . 100,000 . 25,000.00
12:07:55 PM . 0.250 . 200,000 . 50,000.00

The fish are biting!
Click to expand...

More like sharks by the size of those bites!

Afternoon run on....where will we close 28 cents ?
 
Hey guys,
New to PRR and this thread - I stumbled across it the other day and have been blown away with it's potential the more I read. It's also nice to think of investing in a company that's making a really positive difference in the world, too.

Reading through the company presentation I noticed they were talking about a possible market share of 10-25%, which at current values would be 360 million plus per year... but I can't find anything which suggests a rough guide to profit margins. Is it too early to say what productions costs are likely to be, or am I just missing something?
 
Much too early to talk production cost numbers. We have a couple of years still of trials to do.

Next big news- confirmation of NASDAQ listing (days away)

Next next news- phase iib safetytrial results (sometime this quarter)

We just had big news- Springtree is now an investor instead of a funder.

Springtree got in at 20c.

Resistance at 25c may now be support

Poss trading range before NASDAQ ann is 25-30 imo

This is the 'new normal' i was talking about

I wonder if those posters back on Dec 31st that didnt want to get in at 17 and were waiting for 10c again are in the game :)
 
ubtheboss said:
I wonder if those posters back on Dec 31st that didnt want to get in at 17 and were waiting for 10c again are in the game :)
Click to expand...

Good point. Also, for the last week (or more!?), the buy-to-sell ratio has been bordering on 10 to 1!; not too many keen to sell, so don't complain later if you ain't on board.
 
down >6% so far today after a solid week of losses last week - do you guys reakon this is just on the back of no news when news was expected (nasdaq listing etc)? or is there something im missing?
 
My stop got triggered today so I am out, retracement levels may be a factor in where it stops assuming no news influence.

(click to expand)
 

Attachments

  • PRR 240111.png
    PRR 240111.png
    30.1 KB · Views: 23
Boggo said:
My stop got triggered today so I am out, retracement levels may be a factor in where it stops assuming no news influence.

(click to expand)
Click to expand...

Sorry if this is a dumb question but do you use a specific method in expecting a certain retracement level? ie 38.2% because of the quick decline of the price or something like that? forgive my ignorance
 
Fibonacci retracements *can* reflect significant support/resistance lines. They should be used carefully and possibly in conjunction with other indicators. Even if you do decide to use them it's always going to be a subjective choice as to what retracement level to BUY in and SELL out. It will be different for different people.

I am curious as to why that retracement level represented a significant SELL for you however; PRR was always going to pull back from the local peak. But if you are trading, not investing, it does make sense.

jimmyizgod: As an example of how people interpret them differently I have 20c (the 38.2% as in Boggo's chart) as a significant retracement level on my PRR charts. That is actually a BUY for me (to top up existing holdings)
 
lucifuge said:
Fibonacci retracements *can* reflect significant support/resistance lines. They should be used carefully and possibly in conjunction with other indicators. Even if you do decide to use them it's always going to be a subjective choice as to what retracement level to BUY in and SELL out. It will be different for different people.

I am curious as to why that retracement level represented a significant SELL for you however; PRR was always going to pull back from the local peak. But if you are trading, not investing, it does make sense.

jimmyizgod: As an example of how people interpret them differently I have 20c (the 38.2% as in Boggo's chart) as a significant retracement level on my PRR charts. That is actually a BUY for me (to top up existing holdings)
Click to expand...

cheers guys - reading through definitions of things like fib retracements is all well and good, but seeing them happen in a stock you are following and having that confirmed by you guys is far more educational and informative.
 
ASX/Media Release
1 February 2011
FIRST COHORT SAFETY DATA REVIEW SUCCESSFUL
IN CVac PHASE IIb TRIAL
Safety review of first CVac
TM
Phase IIb trial patient group complete
Excellent safety data
Another step forward with important US FDA components of
manufacturing
Randomised component of trial now open





looks like a good day
 
lucifuge said:
jimmyizgod: As an example of how people interpret them differently I have 20c (the 38.2% as in Boggo's chart) as a significant retracement level on my PRR charts. That is actually a BUY for me (to top up existing holdings)
Click to expand...

Looks like the 38.2% was the level, quite often though I see a bounce off the 38.2% level only to see it reverse and come back down to the 50% to form an ABC pattern.

(click to expand)
 

Attachments

  • PRR 310111.png
    PRR 310111.png
    32 KB · Views: 12
Boggo said:
Looks like the 38.2% was the level, quite often though I see a bounce off the 38.2% level only to see it reverse and come back down to the 50% to form an ABC pattern.

(click to expand)
Click to expand...

Well if it does, makes it easier to buy more. :)

Important to point out here, that as interesting as the 50% level is, it is NOT a Fibonacci retracement level. Presume its included as a guide.
 
Top