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Astex Pharmaceuticals, AŞ Message Board

bobby673 103 posts  |  Last Activity: Nov 10, 2015 9:21 AM Member since: Mar 27, 2010
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  • bobby673 bobby673 Nov 10, 2015 9:21 AM Flag

    I see a number of messages on this board complaining about the time of the conference call.
    Note, there are a number of smaller USA companies that do not have conference calls because they are not required by the SEC. I am encouraged that GURE has conference call after earnings release and also get a number of good questions after their conference calls. I have owned GRUE shares for many years and continue to buy additional shares whenever the price falls below $1.50. Because this is a China company the shares are very under valued. They have continued to grow their business and they are profitable with lots of cash on hand and a positive cash flow.

    Sentiment: Strong Buy

  • OPCO has done a great job in the last 1 1/2 years. They became profitable over a year ago and they have continued to grow revenue and profits. OPCO is and has been under valued. Unfortunately, OPCO has never had a good Investor Relations firm to help promote OPCO to the investment community. I am not sure if their current IR strategy will be effect, however I hope that we will see increased volume in the stock. Typical volume is below 10,000 shares per day. I was glad to see that OPCO was up slightly today on 40,000 shares.
    This stock should be trading at over $2/share and an average minimum daily volume of at least 50,000 shares/day.

    Sentiment: Strong Buy

  • bobby673 bobby673 Sep 14, 2015 5:28 AM Flag

    It does not matter when it started, the offer price could have been changed in the last week. Many offering and/or mergers start long before they may or not be finalized. The $17 offer price was too low considering that the stock price was above $20 for 10 days prior to the offer and the analysts had moved up their target price above $20 prior to the offer.

    Sentiment: Strong Buy

  • Reply to

    The $17 Offering Price by EFOI too Low!!

    by bobby673 Sep 11, 2015 11:41 AM
    bobby673 bobby673 Sep 12, 2015 11:39 AM Flag

    Robert
    They could have raised more money at $25 without reducing the market cap by more than they obtained by killing the stock price with a $17 offer. The higher the market cap the easier it it to obtain additional money if needed for expansion. The insiders were able to make more money with the $17 offer than did the company. That is typical insider trading.

    Sentiment: Strong Buy

  • Reply to

    The $17 Offering Price by EFOI too Low!!

    by bobby673 Sep 11, 2015 11:41 AM
    bobby673 bobby673 Sep 11, 2015 4:17 PM Flag

    Basically, if you read comments by bobby673 it is clearly explained and there was no reason for the company to offer stock that far below the 10 selling price. As highlighted this offer been above the $25. Management bad a big mistake and crushed the market cap.

    Sentiment: Strong Buy

  • Reply to

    The $17 Offering Price by EFOI too Low!!

    by bobby673 Sep 11, 2015 11:41 AM
    bobby673 bobby673 Sep 11, 2015 2:26 PM Flag

    amelanchere, The $17 was a very bad offering price, if you would not sell your stock for $17 there is even a less reason for the company to offer company shares at $17. As I highlighted earlier $25 should have been a minimum . Typically a company announces after the close and the price is based upon something near the closing price. EFOI lost more in market cap than any monetary gain. This was a large loss in market cap created by the company. It would be like Apple whose share price is trading above $100 to offer their stock at $80. In addition, I hope you recognize that there was a lot of insider trading yesterday and before the SEC announcement this morning and that is illegal!! I am glad that Jockne40 filed a complaint with the SEC. Remember EFOI trade at this price before 2010 and before they had any profits or the Navy business.
    This was a fire sale when the house was not burning!

    Sentiment: Strong Buy

  • Reply to

    $17 is the floor

    by reesecup2323 Sep 11, 2015 12:43 PM
    bobby673 bobby673 Sep 11, 2015 1:19 PM Flag

    Yes paper work had to be filled however if can be changed if the $17 is no longer appropriate. The $17 has not been appropriate for the last two weeks. The official filling was yesterday with the SEC. Note the reduction in the market cap for EFOI in just two days. This was just a bad decision by everyone involved in the process. A lot of money was made by insider trading in the last two days and that is illegal.

  • Reply to

    The $17 Offering Price by EFOI too Low!!

    by bobby673 Sep 11, 2015 11:41 AM
    bobby673 bobby673 Sep 11, 2015 12:10 PM Flag

    Jockne40 I am glad you filed a complaint!! There was a significant amount of insider trading yesterday. SEC needs to get involved!
    Amelanchere The stock price should not need to bounce back to $25, it should be above that price now. As you know I have been a long time investor in EFOI, and I think that the management team has done a great job over the last year. This stock is worth more than $25 and that should have been the minimum offer price by EFOI. Think about all the investors that purchased stock above $25 in the last week. I have read your posts and I know you thought the price should be over $30. Would you have sold your stock last week to me at $17? I would have bought all your shares on Monday at $17 and actually been happy to buy them from you on Monday at over $19. So why would you think that $17 was reasonable? Just a very bad decision by management and the board.

    Sentiment: Strong Buy

  • There was no reason for the company to come out with a $17 price at this time, check the trading volume and pricing for the last 10 days (do you see a price below $18)? In addition, the last 10 day total trading volume was over 12.6 M shares.
    Date Open High Low Close Volume
    9-10-2015 27.98 29.17 22.86 $23 1,771,300
    9-9-2015 28.28 29.2 27.25 $27.84 1,034,200
    9-8-2017 26.3 28.75 26.29 $26.65 1,753,000
    9-4-2015 23.33 25.77 23.11 $25.77 550,500
    9-3-2015 25.9 27.27 23.5 $23.89 1,159,000
    9-2-2015 23.7 25.76 22.95 $24.78 1,212,600
    9-1-2015 20.5 23.5 20.25 $22.36 948,200
    8-31-2015 20.41 23.65 20 $21.90 1,174,000
    8-28-2015 20.01 22.5 19.57 $22 1,155,800
    8-27-2015 20 22.47 18.6 $19.57 1,886,700
    The $17 was a ridiculous price!! In addition, the insider trading yesterday caused the price to drop to $23 on 9-10-2015. At a minimum the offer price should have been $25!! This was a bad decision by the upper management and the board of directors! No reasons to reduce the stock price and stock holder value.

    Sentiment: Strong Buy

  • bobby673 bobby673 Sep 11, 2015 8:53 AM Flag

    I agree with sagesb10. This was a clear case of insider trading. I hope that SEC investigate the trading on EFOI. I have read the official SEC release (after market close) and it was written in a way that was unclear. This morning EFOI filed an SEC Form S-3 check sec.gov. This stock has been crushed for no real reason and horrible timing for EFOI to file their Form S-3. With this latest filing I believe there need to be a class action suit.
    The upper management and board of director have fail the fiduciary responsibilities.
    Frustrated long term investor that had my sell order in early yesterday morning for half my shares before the insider trading occurred.
    I would have been buying back this morning on the opening.

    Sentiment: Strong Buy

  • Reply to

    Roth versus The Street Sweeper

    by advancedchemtec Aug 20, 2015 7:52 AM
    bobby673 bobby673 Aug 20, 2015 12:23 PM Flag

    Looks like Roth was correct in their upgrade of EFOI and The Street Sweeper (Sonya Colberg) made another mistake!! She wrote her article one day too early, she talked about how EFOI could not compete with their larger competitor (I guess she did not recognized that EFOI has a better product and better value proposition).
    If The Street Sweeper was an ethical source they would have an article today highlighting how EFOI just won all the replacement fluorescent lighting for the entire Cleveland Clinic system. The Street Sweeper better cover their shorts on EFOI before they loose more money and have to reduce their staff.

    I was wondering if anyone on this message board has asked Mad Money Cramer about EFOI? Cramer should give a positive review after recent growth, excellent earning, positive conference call, and excellent news today about the Cleveland Clinic.

    Sentiment: Strong Buy

  • It has been a couple of good weeks for EFOI (good annual meeting, good earning, good growth and very good conference call). Now it appears as if EFOI had good presentations/meetings this week at analyst conferences. Jefferies Conference was 8-10-2015 and Oppenheimer Conference 8-11-2015. EFOI is now getting the good news out to the investment community. They have a lot of good information to provide to investors. Nice to see a positive movement in the stock!

    Sentiment: Buy

  • Reply to

    There It Is! Thank You EFOI!

    by amelanchere Aug 5, 2015 8:33 AM
    bobby673 bobby673 Aug 5, 2015 9:53 AM Flag

    Great results, exceeded my expectation for the quarter. Glad to see they closed the UK office, great decision it was a drain on EFOI and a money loser.
    It was nice having an opportunity to meet a number of you at the last annual meeting.

    Sentiment: Buy

  • bobby673 by bobby673 Jul 21, 2015 10:44 PM Flag

    I plan on attend the EFOI annual meeting tomorrow. Please let me know if there are any key questions you might want me to ask at the meeting.
    There seems to be some confusion on this message board regarding the meeting. I am beginning to wonder how many of you are actual stock holders of EFOI stock. EFOI has met their SEC obligation by sending out the proxy statement on June 18, 2015. Owners of EFOI can either vote prior to the meeting or at the meeting.
    EFOI and other publically traded company are not required by SEC to provide additional information prior to the meeting. I hope that the stock holders of EFOI have read the proxy statement and voted accordingly.
    Looking forward to meeting some of you at the meeting tomorrow.
    I have attended every annual meeting since 2010, and I purchased stock in 2011 through early 2015 prior to the recent increase in price and volume.

    Sentiment: Buy

  • By Jim Swanson June 25, 2015 9:25 AM
    In a report published Thursday, HC Wainwright analyst Carter Driscoll initiated coverage of Energy Focus Inc (NASDAQ: EFOI) with a Buy rating and $11 price target. The analyst believes that the company has almost completed its strategic turnaround and is well positioned for strong growth going forward.
    There have been a number of recent positive articles about EFOI including the one from H.C. Wainwright, and Zacks.
    Energy Focus (EFOI) Worth Watching: Stock Up 8.1% - Tale of the Tape
    By Zacks Equity Research June 26, 2015 8:44 AM
    Energy Focus, Inc. (EFOI) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. The stock has risen 29.1% in the past one-month time frame.
    The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
    Energy Focus currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
    I find this extremely encouraging considering that I have owned and purchased shares in 2011, 2012, and 2013 when very few analysts followed EFOI and those that did recommended selling EFOI in the $0.20 to $0.35 range (prior to 1 for 10 reverse split). Check the strong sell rating by The Street Ratings from 2011, 2012, and 2013. Back in those days the shares traded in the 10,000 to 20,000 shares per day range and that was when there were 10 times as many shares outstanding. It was difficult to buy 10,000 shares in those days (equivalent to 1,000 shares today).
    The Navy business is great, however the commercial business has significant competition. Even at $10/share and the low market cap EFOI could be purchased by one of their large competitors to simply use the Navy business to market

    Sentiment: Buy

  • I listened to the earnings conference call and I thought there was too much focus on potential NG. A number of questions focused on dividends. Personally, in my opinion paying a dividend should not be a priority; however, I do like the idea of using some of the cash to buy back stock. Buying back shares of GURE helps show investors that the company believes in themselves and that they current stock price undervalues the company. After listening to conference call I did not expect to see the stock price move up.
    GURE would be significantly higher in price if it was not a China company and the fact they do not have a real investors relations person/firm. I am in the chemical industry and I have followed this company for a number of years. They have a great balance sheet and very good cash flow and have grown revenues and profits. The price of bromine has been at all time lows while GURE continued to make a profit. The United States, Israel, and China are the three largest producers of bromine. The two of largest companies in the industry are Albemarle Corporation and Israel Chemical. In recent months, both Albemarle and ICL have announced substantial price increases for bromine. Albemarle announced a 30% increase in bromine prices and Israel a 20% increase, the China bromine prices have not caught up to these price increases but should continue to move higher. In addition, GURE has accelerated its transformation from a manufacturer of raw materials into an integrated producer of value added downstream products with the recent acquisition of Shouguang City Rongyuan Chemical Co., Ltd. (SCRC), a leading manufacturer of materials for human and animal antibiotics in China and other parts of Asia. Those are the facts. Note, I have not even mentioned the potential for NG.
    In my opinion it is important for GURE to hire a good investor relations (IR) firm. This would provide visibility to additional investors.

    Sentiment: Hold

  • bobby673 bobby673 Nov 13, 2014 12:34 PM Flag

    I thought that this was a fair conference call. Based on the earning release and conference call, I do not see this stock moving up very quickly. Military/Navy business has been very good. But very little progress on the commercial side of the business. Not sure why they have not closed the England facility. I have not seen any progress in the European market or global market. The commercial business has been discussed for years but with little progress. Hopefully the additional sales force will show positive results next quarter. I think that over all things are moving in a positive direction but some tough decision must be made for example in Europe. In my opinion, costs could be reduced by closing the office and hiring sales reps on a commission basis. This is definitely a hold and I also think the current price is too low. Stock should be a minimum of $11 ($1.10 per reverse split). Need a good IR person to promote company to investment community.

    Sentiment: Hold

  • bobby673 bobby673 Feb 17, 2014 9:21 AM Flag

    Great list, however it is also important to know their average purchase price. Funds that bought low could exit fairly easily for a nice profit. Those that bought near current levels are more likely to stay in for the longer term and hopefully better profit margins.

  • Reply to

    $12 in frankfurt

    by mameen76 Feb 17, 2014 5:26 AM
    bobby673 bobby673 Feb 17, 2014 9:11 AM Flag

    Thanks, that is not a big drop. How many total shares traded of aria in frankfurt?

  • Reply to

    $12 in frankfurt

    by mameen76 Feb 17, 2014 5:26 AM
    bobby673 bobby673 Feb 17, 2014 7:39 AM Flag

    What is the real price range for Ariad Pharma in Franfurt today?

    Sentiment: Strong Buy