Benitec (BNIKF)Benetic (BNIKF) Any thoughts on the large percentage (13%) drop in share price on Friday – down to $1.48? I could find no news on the topic, so I assume that it is a function of profit-taking rather than event-driven?
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Benitec (BNIKF)"
That is correct! Mostly i would associate it to the delay in dosing the first patient! The correct is definitely a gift for those who want to load up on shares or planning to enter at lower levels!
We might even see $1.35 but i don’t see it staying there for long with lot of good things planned this year!
I am glad that your interpretation of Friday’s BNIKF dip aligns with my (novice) assessment. Since I have been persuaded of the merits of BNIKF – and I’m excited about the prospects for quantum improvement (and possible cure) for thousands afflicted with HCV and other major diseases. In that context, I took advantage of the share price drop to double up on my holdings. Thanks, Subramania!
Sure! Good to know! It is tough to be patient but i believe the rewards are too high in this one if ddRNAi technology is successful!
After dosing, what results can we expect first? HEP C or HIV? That will be the indicator for when to buy up BIG! So make sure your money isn’t tied up!
Thanks for the detailed feedback, rstickle. So far, it’s been a great St. Patty’s Day!
Does anyone know why BLT holders are already voting on the second placement and BNIKF holders have not heard a thing ie. no proxy information etc. Strange?
Nick I believe it is because the BNIKF shares are OTC and this makes it much tougher for the company to track down investors of record. The company can locate the BLT.AX investors without much trouble.
David B….thanks. I am beginning to realize that and understand. Next question, do you own BNIKF or BLT? The vote is irrelevant to me as I would vote yes. Are BNIKF equivalent to BLT ? We are still owners of Benitec, correct?
that is correct! they just trade under a different symbol here!
Pannobhaso has written another ddRNAi article on SA.
Here is the link to the SeekingAlpha article from today:
http://seekingalpha.com/instablog/19837781-pannobhaso/2771933-ddrnai-is-in-the-eye-of-the-beholder
Benitec long and strong: nice summary RS on the recent investor meeting. Thank you very much. Prudent Optimism sums up the management approach and this heartens me as an investor.
RS: did you post this on any of the other irregular biotech sites? was an excellent write-up and would love to have it shared with them.
……posting for email followups….
Me too
Terrible day for Benitec stock as some have the jitters due to the delay in the trial at Duke University. This is a volatile long term investment so load up on more shares if you have the capital. Dr. KSS picks winners (DRTX just panned out) so his #1 pick might falter in the short term, but hold fast or , even better, add on the dips for the long term.
David B. you have been an outstanding contributor, and I couldn’t agree more. I am fully loaded with 90% exposure. I am thinking about converting from BNIKF to BLT on the ASX market.
Anyway David, you have had a great track record.
Formerly, Nick S
Thanks for the nice comment Nick. Right now we are all a bit beat up but this is a marathon, not a sprint.
I’m a new holder. Bought last week at 1.26 and added some tonight at 1.08. Stock will likely be weak until the company signs up some participants in the trial.
I want to be as optimistic as The crowd. David you do have good instincts. But I am waiting with bated breath regarding Dr. KSS’s decision about adding on this dip or not. Later
Jana–perfect timing is virtually impossible but I would say that Benitec is an excellent buy at the current level. You could even put in a limit order for .95 and you might just get it. Go in with a small position and wait and watch until it begins to turn around and add to your positon.
R.I.P. Internet: 1 Explosive InterWorld Stock to Profit HUGE When the Web Goes Dark .
What company/ticker is this teaser ?
What do your senses tell you now?
Don’t know if anyone posted this May 12th Benitec trial update, here it is just in case:
http://www.asx.com.au/asxpdf/20140512/pdf/42pkng61rx74k0.pdf
Hi Robert, the “current” discussion is now on the blog “Hepatitis with a C: Right Now Someone You Know Has It (and Doesn’t Know)” so you might want to re-post there
Thanks Cyndy, just checked it and looks like it was posted there.
Thanks
So, just received word from my brokerage service of a non-mandatory reorganization or tender offer for BNIKF, which currently expires on 12/31/2018. I cannot determine if this is good news or bad news. I rode the share price down over the past month or so to where it is today, and would rather not lose any more than I already have. I do know I need to take action if I want to keep my shares. Anyone else have a pulse on this?
I got the same alert from my broker but there were no details in the email. I’m guessing it is because of the new ADR with symbol BTEBY.
–MJ