Stockbailx
"Profit Compoundd" Rules
- Joined
- 10 May 2021
- Posts
- 632
- Reactions
- 508
One bird in hand is better than two birds in bushIs really a hidden gem...Little bird' y tells me to expect stronger gains from IMU next wk interesting to see how it pans out...
At the outset a long time holder of IMU but now got nervous:Trying to get back in to the good books is Imugene who had this to say;
Investment View: Upgrade to Buy (Spec), Valuation raised
The key changes to earnings include the 6% dilution to shares on issue from the recent $90m capital raise. The company now has c. $130m in cash. We have increased the clinical trial spend in the period FY22 – FY25 and now expect IMU will spend at least $30m annually on development. The long dated years of the DCF have been amended to include potential future revenues from the onCARlytics program, now expected to commence clinical trials in FY23. Valuation is raised to $0.52 from $0.25 and we upgrade to Buy (Spec). The potential of these new therapies may be attractive to future development partners.
I am personally very excited about the transformational opportunities we are developing. I encourage you to continue to follow our progress.
IMU has gone south again this morning.At the outset a long time holder of IMU but now got nervous:
View attachment 131411
- A director Dr. Leslie Russell a world-class pharma expert who only joined in 2019 https://www.proactiveinvestors.com....aceutical-executive-to-its-board-218913.html; https://static1.squarespace.com/sta...1559573706876/IMU_FA_Newsletter_Jun19_web.pdf) sold out some 30 pc of her holding in a systematic way :https://www.asx.com.au/asxpdf/20211011/pdf/451j82dcg75mv6.pdf
- prices are going south in a systematic way
- Investor presentation was apparently good https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
@finicky - sorry to miss your query . I have sold off IMU about two months back.If @Miner still holding - IMU chart is suggestive of a significant low made off 21c.
Last three weekly candles: indecisive doji, hammer reversal, decent sized white.
Been superficially looking at two other Paul Hopper associated companies which might have got to buyable levels although their charts are not yet showing reversals: RAD and CHM.
WeeklyView attachment 139261
Nov last year; .... Should've been a Flipper?Put another pair of bails on the stumps. its not bowled out yet...Down 25% LBW.....bowled middle stump (yorker)
@Iggy_Pop I am sure no one was expecting the bouncer in May to strike off the wickets in one stroke.IMU quarterly looking positive, but the recent correction pushed the price down a bit. Hoping we will get a bounce during May. From the other aspect of IMU, the company is developing a range of new treatments that seek to activate the immune system of cancer patients to identify and eradicate tumors , which is a great cause for humanity, and would be great to see some positive outcomes.
Iggy
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