TD1 - TALI Digital

[Gurgler]

Re: AVX - Avexa Limited

If I choose not to trade the rights and do nothing, will they just post me the invitation to take up the right i.e. buy (2 for5) at .53?

Or do I have to do something specific? As I'm overseas atm, I'm not able to read all correspondence I might be receiving.

I own AVX, it goes without saying.

 

[Go Nuke]

Re: AVX - Avexa Limited

Hmmm....
Im not ashamed to say...but being new to shares. This is a new step for me.

Ive bever been given rights before...lol.

Im guesing that from what you guys have said, you get the "right" to pay 53c/share, then however many you buy then converts to a regular share.?

My girlfriends old man is a financial planner, but I like to learn my own way:>
Either way..i better start saving.


So, whats the expiry date then?


thx guys.

 

[Go Nuke]

Re: AVX - Avexa Limited

Has anyone received their paperwork yet?

I haven't.
Just read the prospectus online.

:aliena:

 

[Gurgler]

Re: AVX - Avexa Limited

Hmmm....
Im guesing that from what you guys have said, you get the "right" to pay 53c/share, then however many you buy then converts to a regular share.?.

Yup, that's how I read it see section 3.1 p.18

So, whats the expiry date then?

19 April, (according to p.5 of the 60 page doc - I haven't read it all!)

That doc also said dispatch was Tues 3 April, so any day now. Except I'm overseas - I have found the answer to my previous question - 'complete the Entitlement and Acceptance form accompanying the Prospectus' - doh!

 

[Go Nuke]

Re: AVX - Avexa Limited

Well...no paperwork yet.

If I dont get it by tomorrow I spose I will call them.

 

[Struzball]

Re: AVX - Avexa Limited

I bought a few of these today, WilsonHTM forecast them to be up 140% in 12 months. Anybody else bought recently?

 

[Ruprect]

Re: AVX - Avexa Limited

Yes, i had some before the share offer, so got some extra at .53. Have also picked up another small parcel today.

One of the brokers who gives tips in the Sunday Herald Sun, cant recall which one (dont know if that was Wilson?), had Avexa as a buy rec last weekend, they have a price target at $1.80, which is quite a substantial premium to its current 71 odd cents.

We might currently be seeing some sellers who have bought into the placement, taking profits. There was a 2 shares for 5 deal at .53, but they also allowed oversubscription (I didnt have enough cash at the time to get too many more unfort!)

I think it has solid potential, phase 3 trials will put it into the scope of doing a deal with a major pharma, or indeed takeover action. Just my opinion.

 

[ozeb]

Re: AVX - Avexa Limited

bought this stock a few weeks back and it hasnt stopped falling. really testing my patience here...was there some bad news that i missed?? or is this a minor correction? i sure hope it lives up to its expectations...

 

[Struzball]

Re: AVX - Avexa Limited

bought this stock a few weeks back and it hasnt stopped falling. really testing my patience here...was there some bad news that i missed?? or is this a minor correction? i sure hope it lives up to its expectations...

I suppose it's still just a correction from just after they announced successful phase II results. I wouldn't sell now if I bought weeks back, but I'm in it for a year or so, not the very short term.

 

[Gurgler]

Re: AVX - Avexa Limited

bought this stock a few weeks back and it hasnt stopped falling. really testing my patience here...was there some bad news that i missed?? or is this a minor correction? i sure hope it lives up to its expectations...

Hey, Ozeb, this is probably a little retrace - after all the hoopla over the share placement. This stock is worth the patience if you can spare it IMO. Have you read the recent Bioshares info. Send me your email address by PM and I'll forward it to you.

 

[harriss2]

Re: AVX - Avexa Limited

I suppose it's still just a correction from just after they announced successful phase II results. I wouldn't sell now if I bought weeks back, but I'm in it for a year or so, not the very short term.

Watched this stock on open this a.m. and was please it opened at .72. Went to other stock opening, and when I came back to avx, a couple of minutes later, a trade of 3,000,000 had gone thru'. The thing is, the low price was not .69. When I came home from work, had a look at the close, and noticed an announcement. Had a read, and Fibre Optics has sold 3,000,000 of their shares at .69. They still hold over 18,000,000. Had no idea what had happened as the volume for the day was over 6,000,000. Some insto must have bought 3,000,000 this a.m., but as I said, the low price was not .69. The price hadn't changed from .72
Don't know how they work these things.

 

[Purple XS2]

Re: AVX - Avexa Limited

In medical terms, AVX appears to be doing exceptionally well, now it's all up to the business end. I hold about $8,000 worth, which is as much as I'm comfortable with any biotech stock.

On the subject of rights, as a holder of 2600 AVXR rights I did of course buy all my entitlement; the fine print provided for any holder to apply for more then the actual rights held, so I applied for another 2,400. (all at 0.53). Curiously, I was successful in getting all the extras, a handy bargain. It pays to read these things carefully.
Makes we wonder though, the extra 2,400 was a bit too easy; was there a lot of caution out there in the AVXR holders?

All in all, I'm happy to hold.

 

[Go Nuke]

Re: AVX - Avexa Limited

Well i was watching this stock for awile around the 53c ish mark..then the offer came out, so i bought some just to get into the offer.

Unfortunately by waiting for the share offer the price went skyward for a bit.

I bought at 96c {really spewing i held off for so long before hand}, however I guess if it does get to $1.80...Im happy with that.

It looks like we will be waiting for quite some time for anything to happen i think.
These trials will take there time.
Does anyone know what the next ann might be about that could be positive for us and when?

 

[Ruprect]

Re: AVX - Avexa Limited

Well i was watching this stock for awile around the 53c ish mark..then the offer came out, so i bought some just to get into the offer.

Unfortunately by waiting for the share offer the price went skyward for a bit.

I bought at 96c {really spewing i held off for so long before hand}, however I guess if it does get to $1.80...Im happy with that.

It looks like we will be waiting for quite some time for anything to happen i think.
These trials will take there time.
Does anyone know what the next ann might be about that could be positive for us and when?

Buying at .96 shouldnt leave you too far down, if you got some of the placement at .53.

Im not sure there will be an announcement for a while. But in my opinion, this one will slowly move higher over the next year. It already has two brokers who have a target price in the high $1's. Thus, the more they recommend this one to their people, the more interest there will be.

Its going to take some time for those who bought in on the the placement to sell down and take their profits. Plus, this one was trading well well below its current price since listing.

It deserved the re rating in my opinion, and will just take some time. Im holding, and will hold for the medium to long term.

 

[Go Nuke]

Re: AVX - Avexa Limited

Perhaps it could become a takeover target for someone luike Glaxo-Smith Klein?

Avexa has had some real success with its projects by the looks.

 

[Sprinter79]

Re: AVX - Avexa Limited

"Avexa (ASX:AVX) announced today that it has been awarded an Australian Government
Commercial Ready Grant worth $4.3m AUD to develop a new generation of HIV antiviral drugs
using ‘fragment based drug design,’ a non-traditional research methodology. Avexa will work with
CSIRO’s Molecular and Health Technologies division to discover inhibitors of the HIV integrase
enzyme which conventional techniques are unable to identify. This program can also be applied to
other antiviral targets."

As such, the sp is up 2.5% at the time of writing this

 

[Ken]

Re: AVX - Avexa Limited

Considering avexa as a long termer for the bottom draw, how is the time line looking for AVX.

I understand biotechs take a while to mature, is there anything significant on the horizon, a number of brokers have valuations of $1.50 -$1.80.

I think it will have another run at some stage, where is support for this? around 60 cents now?

 

[the barry]

Re: AVX - Avexa Limited

Considering avexa as a long termer for the bottom draw, how is the time line looking for AVX.

I understand biotechs take a while to mature, is there anything significant on the horizon, a number of brokers have valuations of $1.50 -$1.80.

I think it will have another run at some stage, where is support for this? around 60 cents now?

They are hoping to start phase 3 trials at the end of this year and all going to plan, go into production at the start of 2010. They have a presentation in june i think at a medical conference which will hopefully create some exposure. This is definatly a long term hold with a lot of potential. No hiv drug that has gone to phase 3 hasn't gone onto production.

 

[Go Nuke]

Re: AVX - Avexa Limited

Well its turning into a real DOG at the moment!

No signs of pulling up. I thought it might stop at around 59-60c seen as that was the price of their recent share purchase plan..but nope..its still falling.

I hope something is announced soon as i dont really have a stop set as Im a long termer and really have no idea when a stock will cease its decline.

Having bought at a high price to get access to the shares being offered at 59c..Im nott oo impressed at the moment

 

[Sprinter79]

Re: AVX - Avexa Limited

I've got a stop in at 51.5c just below recent 'support'.

There are a bunch of buyers lined up between 53-54c and a bunch of sellers at 60c, so it will probably bounce around between those two prices for a while.