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Re: AVX - Avexa Limited

noooooooo!!!
these stocks seem to have taken a lil bit of a bum dive lately
.
 
Re: AVX - Avexa Limited

is anyone taking up there 7cent options ? thoughts ? im still undecided, but may well take another dip in the not sure ocean

jonny
 
Re: AVX - Avexa Limited

jonnycage said:
is anyone taking up there 7cent options ? thoughts ? im still undecided, but may well take another dip in the not sure ocean

jonny
Click to expand...


Yup took the plunge after a long think and took my full entitlement. Prospects of a rise in price within the next 3-6 months represents a reasonable risk - given Phase 3 results being released within that period. With my break-even now reduced from 35.6 to 26 cents by this splurge, I see I have little to lose long term given the projected value of ATC alone.

So, forever the optimist and taking the long term view.
 
Re: AVX - Avexa Limited

Hey Guys

I am taking the plunge as well....this is more of a noobie question but I have made the payment via way of BPAY and have therefore paid for the issue.

Do I need to also send in the form down the bottom by Monday 27th or is the payment suffice.

I note that it says to return it BUT on the back it says by making payment by these means you accept the terms of the offer anyways.

Thanks in advance
 
Re: AVX - Avexa Limited

I also Bpayed mine it says on the back of the form if you bpay you accept and dont need to send in form.
 
Re: AVX - Avexa Limited

justiceotp said:
I also Bpayed mine it says on the back of the form if you bpay you accept and dont need to send in form.
Click to expand...

Thank for the reply. I see that now...trust me not to read the fine print below the fine print! haha
 
Re: AVX - Avexa Limited

couldnt resist either, took up my full entitlement, plus a little more if they give it to me.

glad that there are a few of us then!

jonny
 
Re: AVX - Avexa Limited

Anyone crunched the figures for the latest quarterly report?

From my newbie eyes, they have 12761000 cash and burned 7715000 in the last quarter = cash for one more quarter before more financing needed?

Is this a correct reading and is it a cause for concern? I know all these biotech / pharm development firms burn cash to produce the R&D so I'm not sure how to interpret such figures (as opposed say a 'conventional' firm where you can look at their income, expenditure and debt levels in a 'conventional' sense)
 
Re: AVX - Avexa Limited

The rate of cash burn will vary as they are in testing stage and they also have just done a stock option so they will have some extra cash coming in from that.
 
Re: AVX - Avexa Limited

justiceotp said:
The rate of cash burn will vary as they are in testing stage and they also have just done a stock option so they will have some extra cash coming in from that.
Click to expand...

AVXR rights issue oversubscribed, by about about 10% or so. Avexa will look to satisfy the extra applications with a modest placement of shares over and above those created by the full issue of shares arising from the original offer.
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00949075

Much of the demand came from enthusiastic holders who applied for additional shares over and above their AVXR rights. Curiously, some 40% of AVXR rights were not exercised; odd because the rights were tradable in the open market, so a lot of holders neither traded nor exercised.

So the good news for Avexa is that whatever budget they had in mind for the next few months is now funded.

It wouldn't surprise me if there's another rights issue before the year is out. If no nice people in white hats come along with a partnership deal, and if shareholder support remains strong, why not?

Disclosure: I held and exercised AVXR, and applied for and will now presumably get great gobs of additional shares.

In this one till the party's over.
 
Re: AVX - Avexa Limited

another positive annoucement today which is welcome : )

when do our rights issued start trading ? this week i thought
jc
 
Re: AVX - Avexa Limited

Purple XS2 said:
In this one till the party's over.
Click to expand...

Wondered why this one was ascending of late (is that an accurate observation, chartists?):


Seems there has been some news brewing (out today):

Avexa signs option agreement for HIV program
Melbourne, Australia, 4th May 2009:
Biotechnology company Avexa Limited (‘Avexa’) (ASX:AVX) today announced that it has entered into a 6 month, worldwide exclusive option agreement with Tibotec Pharmaceuticals relating to its HIV integrase program. The option provides an exclusivity period for the two companies to formalize a collaborative research and license agreement while Tibotec continues to review the Avexa HIV-1 Integrase Inhibitor drug program portfolio.


Let's hope the party's just beginning, eh, Purple?
 

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Re: AVX - Avexa Limited

Can anyone shed any light on why AVX's price plummeted today over 15% today? At one point it was about 20% down. Most of the recent news has been quite positive on this company.
 
Re: AVX - Avexa Limited

wow AVX did get smashed today.

Thats the biggest volume in over 2 years!

No idea why though.
Sell off of rights shares if they have started trading??
 
Re: AVX - Avexa Limited

Thanks Go Nuke. I just checked a previous avx announcement and it looks like you're right. The new shares were supposed to be entered into the holders' security holdings today.
 
Re: AVX - Avexa Limited

spot on guys, got my new options yesterday, would say some people
sold them off straight up, but no point in that just yet!

jc
 
Re: AVX - Avexa Limited

Also a newbie but I think what it means is that the two companies have agreed to have first dibs on any cooperative deals they like to sign

e.g. if AVX has a breakthrough on the agreed compound / subject and Tibotec wants to licence it they get the first bite of the cherry.

Its kinda like an agreement to enter into a contract
 
Re: AVX - Avexa Limited

Clear breakout happening here.

Good stuff for those who took up the rights issue.

16c might be resistence
 
Re: AVX - Avexa Limited

seems that way, last couple days very positive trading : ) interesting to see
where the next platform begins

which is welcome!

jc
 
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