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OPT - Opthea Limited

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Sean K

Sean K

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Circadian provides management and funding for the development and commercialisation of Australian biomedical research. It has major holdings in Optiscan, Metabolic Pharmaceuticals, and Antisence amongst others. It also maintains an active research and development program.

For those interested in getting into a biotech, this offers a potentially lower risk (multi project) entry.

Has come off recent lows and been generally heading up for the past few months, forming a giant cup. Looks set to reach $2.00 - the next level of resistance.

With biotech becomming more the flavour of the month recently, might see more attention on this.

Will add in some more detail on their investments soon.

www.circadian.com.au

(not holding)

(I did have Optiscan a while ago)
 

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Circadian Technologies presents at Three Tickers Twenty Minutes

Buchan Consulting is pleased to invite you to our next 'Three Tickers, Twenty Minutes' event on Wednesday 31st August.

The Australian Healthcare sector continues to mature and yield exciting opportunities for investors. Meet and hear from three biotechnology companies with strong prospects for growth and opportunity in 2011/2012. The event includes special commentary from leading healthcare analysts and presentations from:

- Cogstate (ASX.CGS)
- Circadian Technologies (ASX.CIR) and
- Allied Healthcare (ASX.AHZ)

To register to attend please email tdonovan@bcg.com.au

Rialto South Tower
Level 25, 525 Collins Street
Melbourne VIC 3000

Time: 5pm - 7pm.
Date: Wednesday 31st August

3 x 20 minute presentations commence at 5pm.
Drinks and appetisers served following the presentations.
 
On December 14th, 2015, Circadian Technologies Limited (CIR) changed its name and ASX code to Opthea Limited (OPT).
 
I like the look of the chart and the latest movement appears to be driven by the following announcement, which I have got no idea what they are talking about

https://www.asx.com.au/asxpdf/20190722/pdf/446s1tyb6zzv70.pdf



Closed above $0.85 signalling a BO, there doesnt appear to be huge volume on this stock which flags some liquidity concerns for me but one to watch. It has also previously broken $1 in 2017 so that will be the next resistance and tartget ( $.98 to $1 )

 
I was a little late to the party today as PRU position closed this morning which freed up some $$$

in today @ 0.89

 
Well not often I have a win but I am very happy today.

Closed my position this morning at open @ $2.20 (146% gain) after resumption of trading halt.

 
OPT up a whopping 132.4% to $2.01 today after it announced good news concerning its OPT-302 Combination Therapy.

I haven't been following OPT but couldn't help but notice today's huge share price increase. This must have been the announcement holders were waiting for.

Nice to see someone here profited from today's announcement.
 
Trav. said:
Closed my position this morning at open @ $2.20 (146% gain) after resumption of trading halt.
Click to expand...

It's hit a high of $4.15 today. An incredible performance in the last month.

The last few weeks has seen five Change in Substantial Shareholding notices and one Becoming a Substantial Holder notice. A number of funds are taking big bets on OPT and they have done very well so far.
 
Saw this picked as a yearly competition entry.
Looks very promising but phase 3 isn't till 2021 on my reading.
This will keep price from rising too much next year in my view.

From the old circadian technology company, smart guys so definitely on my watch list.
 
My tip for June competition

OPT - Opthea is a developer of novel biologic therapies for the treatment of eye diseases. The key attraction to the company for me is the OPT-302 combination therapy. Last year Opthea delivered very strong Phase 2b study results. If its Phase 3 trial proves just as successful, then the future could be very bright for the company. The current standard of care treatments for wet age-related macular degeneration and diabetic macular edema had sales of over US$3.7 billion and US$6.2 billion in 2018. Another positive is that Opthea has a very strong balance sheet and appears well-funded to see OPT-302 through its trials.

 
There's a bit of a write up on OPT in the Weekend Australian, focusing on the pathway to being a player in one field, rather than running with a scattershot approach in biotech. A focus on the CEO and how she's doing.

 
.
mentioned in

The small and mid-cap biotechs poised for a big breakout

...according to HB Biotechnology’s Charlie Williams.
www.livewiremarkets.com
.
.
Domestically, one of the biggest data readouts in the next 12 months will be Opthea (ASX: OPT).

We rarely have large Phase 3 trials conducted by Australian companies and Opthea have two readings out in 2025. Their phase 2 data in wet age-related macular degeneration (wet AMD) was compelling and, should these be replicated in Phase 3, this will be a significant stock-moving event.

While the stock has traded down with funding overhang in recent times, with their last capital raise completed in June 2024 and enrolment completed, Opthea appears to have sufficient cash to make it through the first of their two Phase 3 trials, expected in early 2025.
 
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*****LOGIC BEHIND CHOICE OF FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION***** @mullokintyre

A fairly 'up and down' / 'topsy-turvy' performance during the 2024 calendar year for Opthea Limited (OPT), however the shareprice ended up towards the north-side towards the end of the year and above both 10 and 30 day moving averages at that stage. There appears to be a bit more volatility in this stock compared to the ASX 200 Health Care Index (XHJ), which could be either a blessing or a curse for OPT, however recent momentum over the past month tends to suggest more upside should the prior resistance from the beginning of December 2024 be overcome and then utilised as support for further bounce. These factors, along with the charts suggesting continuing bullish sentiment, maintain logic for choice within the stock tipping competition.

 
2025 competition pick. This is my binary bet for the year. With two phase 3 trials to be completed and reported on, this is all or nothing time this year. Replication of the 2B results and this is of to the races
 
***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION - @mullokintyre *****

January 2025 - Following on from the initial logic of choice for Opthea Limited (OPT) at the end of last month, the shareprice has now broken past former consolidation from November 2024 after forming an outside week in mid-January and respecting 10 and 30 day MA's to the upside. Charts are now suggesting to observe the market reaction around the open of $0.935 from 17th October, which has the potential to act as a support/resistance area.



Weekly notes available at the following TradingView link:

 
Solid run up for the month. Should see this strength continue as we get closer to the results of the first of the phase 3 trials.
 
Volume steadily rising recently. Took a position at @ 85c
 

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