Benitec - BLT

[Jollyrodger]

Gee whizz folks. I reckon this one could be the next SBM. Pressing upwards at the moment on ever increasing volumes.

Some of the similarities to SBM include good fundamental assets in
its IP as with SBM's gold fields, long downward trend being broken
by a bottoming out and range bound trading for a long time currently threatening break out. Series of legal and partner spats resolved. A capital restructuring. And in September interest from un-named outside parties.

The cap restructure was made with an option attached exercisable
@32c in 08. It was a non-renounceable rights issue which means no
secondary market available for those who didn't want to take it up.
Which suggests to me the underwriter, in co-operation with the
directors as sub-underwriters, wanted in with leverage out to 08.
This is where the little guy gets stuffed over by the big guy. The big guy in this case was Citibank associated. [:0]

The IP infringment litigation was resolved, according to them successfully. Financial details are suppressed but I believe their patent was upheld which means licensing fees etc from those using the IP. In other words an up tick in revenue with no exclusive arrangements to the opposing party. Meaning potentially more revenue from other licensee's in the future. I think this is being challenged at the moment which means it must be valuable if the licensee wants exclusivity.

Further, looking forward they expect to have two trials go to phase
1 next year. One for HIV and the other for Hep C. Monte Carlo
valuation should raise the inherent value along with increased
licensing fees as these do. However they also raise the cost base.

Market cap is nearly $23m @15c. Most of that is cash value.

[ananda77]

Looks like you're right. BLT trading at the 2001 price level and from a technical point of view has good changes to go into an uptrend.

Williams%R150 gave a strong Buy-Signal accompanied with good volumes. The last Buy-signal of that order happened back in August 2002 resulting in a strong uptrend with a High of value-134

DMI40 bullish with DI+ above DI-. However, ADX just bottoming out from a loooong downtrend and has not given a buy-signal just yet.

Currently long in BLT.

Kind Regards

[ananda77]

Jolly:

blt(asx): rising wedge = continuation signal of down-trend...sold out with a small loss on this one...too much "holding space" needed for my liking.

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[tracker]

um nice

tracker

[slam]

Good pickup Jolly
Cheers
Slam

[cloggs]

what do these guys actually do?

[Doc]

You would have to be an idiot to throw money at this outfit. Any investor or company willing to throw money their way to bail them out will lose out big time. Never made a cent, and never will. They have no product. RNAi is old news, multiple companys and institutions claim the same patents (with much deeper pockets) and the research can be duplicated. RIP Benitec.

[Lizard]

Maybe time to pull Benitec thread back out of oblivion.

Some very positive recent developments on the IP and Graham '099 patent. Key IP in the RNAi field - and seems this field has finally started to emerge into commercial arena, so there's potential for a royalty goldmine.

Still a high risk punt - minimal capital could still see the valuable IP diluted or played to the vultures.

(Enumerate, are you still holding the BLTO?)

[STRAT]

Hi Liz. Are you on this? Nice rise but it looks like it might be done.

[Lizard]

Hi Liz. Are you on this? Nice rise but it looks like it might be done.

Hi Strat, No, I don't hold. Have too many spec punts to be playing with at the moment. However, I think it could be an interesting one to follow - hard to put a number on the value though.