Bioprogress is a stock I have been in and out of quite a few times since it floated in May but not much mention here on the Investors' Room. Does anyone else follow this stock. I see it is up 1.5p today and a few good buyers seem to have appeared.

It's gonna be a Frantic Friday - to follow a Thunderous Thursday and a Worrying Wednesday - what must the nutters over the road be doing with such a sound and reasoned RNS - ?????

Psion - yes. PON moved like this in 1997 when all its new stuff was to be the next big thing. Went up to 5, back down to 2 and all sorts. Two years later it hit 70 before collapsing. My take on BPRG is that we are at the 1997 stage in its development......fun to find out anyway!

Spot on bones,at least we have a product.

And yes i made a couple of pound,,and took a risk.

At least this news afterhours has created a bit of volume in the ADR's across the pond... :-)
Glad I closed my long at the death. Because I havent a clue where it will open. Probably wont get a good feel until some volume kicks in, mid morning. Should be fun though.

Can't say I'm too enthused by the statement.

The positives are a given and well known, though things appear more toned down than previously, particularly the quote from the CEO regarding generating revenues and profits from licensing and the timeframe involved. He also appears to be losing patience with the nutters. "This is frustrating for some of our Shareholders who like to see short term results." could be construed in several ways, but "leave me alone" is how I interpret it, politely!!

As for the negatives, there's a few too many for my liking. Markets don't like exceptional charges and they don't like litigation dragging on. I'm not sure I like the cash/cashburn not including exceptionals either. I don't like "significant exceptional cost" in relation to SEO. 15m doesn't stretch far with this, the cashburn expected and the likely need for new plant to service these big contracts.

Gawd knows what we'll see tomorrow, but I'm not overly confident it'll recoup the last few days crash any time soon.

Bones - you'll not worry as you're looking 3,4,5 years hence, but you are not in the majority I believe!! ;-))

Hmm, his comments, frustrating for shareholders who like to see short term results..

Don't think many shareholders like having their investment pluge rapidly by 50% in a few weeks... and to say that is too much to ask is ridiculous

Bones. "Uncertainty cleared". Does that mean one can see the uncertainty clearly!!

Sorry!!

I would like to buy more but my holding in proportion to my total holdings advises me. Good luck to the buyers, if they are considering buying to-morrow, but remember it take longer to build a price than to demolish.

Good Hunting. As long as it is not for foxes.

Emp,fair value. Well call it what you will over the last 12 months say , there has been roughly a 1 difference between high/low sp , people where going for this in feb and calling the turn in march big time , same scenario aug calling the turn still at presant . Even on both turns people where bottom feeding looking for value {limiting there risk on the downward spiral all the time it has fallen further}they where not to know that,,but they all new the situation,,they where looking at .
You can look at ta,fundamentals,what little there is on bprg and what do you find not a lot.
What about the poor sods that bought above 1.20,,and they where happy with that price .Hindsight its a wonderful thing & i am sure you know more about bprg than myself & i respect you for that,,but thats not to say you no better,,be lucky /dave..

Goodluck gh.

Jumpin , he's allright though , didn't he flog a shedload a few weeks ago ?

Al , "exceptional items" always make me laugh , check out the number of companies who year after year hide behind "exceptional items". Next year's exceptional item will probably be "start up costs" year after "expansion costs" and then "redundancy costs".

Dil - yes! I don't like exceptionals either, especially those that are currently indefinable, but spiralling.

Am re-assessing the idea of longing this even now. Stuff the good things the punters like, it's what the big boys/girls like (or don't like) that will drive it and they don't like uncertainty!

dd - isn't the CEO called Graham Hindsight?

;-)

Company issues what amounts to a profits warning and they are throwing a party in some places.

Forgive me for being naive, but the only thing this 'announcement' confirms is that the loss has increased to around 7m from 3.8m (interim results). No mention of convertible bonds, Citadel or any sound reason for SP falling by around 50%. The rest of the stuff is just newsy stuff, personally I'm disappointed.

Al,i thought it was the old liverpool boss,he also had a few excuses,,gerrard hindsight.

Smoke and Mirrors, Lorna? It happens.

Makes you wonder what the Board level Finance Director thinks of all this - whoops nothing - they ain't got one.
Looking at the Board people are basically investing in one man. The same clever bugger who raised money with a hedge fund. Well to be fair he did cream some off first so maybe not so dumb.
Still can't happen again - hang they got an option on a futher 5M oaaa better stick to premium bonds this stuff too hairy for me.

Evening folks. Haven't / daren't look over the road but still holding here from 98.5p (oooooh I hear you all scream). My holding is paid for in cash and i'm interested in where the company is in ten years. I might lose the lot. It is (was!) about 7% of my total capital so not a disaster if it all goes wrong. Would have been nice to have sold for 35% profit - so nearly pulled the trigger but this time it always was meant to be a long term buy.

I'm taking the Bones view (as he got me interested in them), however as Big Al says let's see a base form before going long. I chickened out at the bottom last time, not going to make the same mistake twice. However, as it's so volatile I think I might buy a few more as a trading stock and try to make a bit back as well without touching my initial investment.

................possibly!

=;-0

Easy to be negative here but the statement also says the 2004 Stanelco legal costs will not be quantified by year end so the credit for their reimbursement (which will be 100% from Stanelco and via insurance) will not come into the 2004 accounts. So the legals are written off in 2004 and so hits the result hard. The reimbursement I would think was originally pencilled in for 2004 too but now will be pure profit in 2005 instead. On top of that will be hopefully large damages which may well be a good 7 figures (bloody should be) but the hearing won't be til early 2005 to determine them. That is pure profit in 2005 too.

The Biotec situation is a profit warning, agreed. BUT, six months ago, Biotec wasnt a part of BPRG - any profit is more than we expected then.

Most importantly, Wyeth/FMC (the 20 year scenarios) is still on track. That is the big story the company pursued from the outset and the reason I bought.

Biotec and Court case are short term issues. The court case is a positive since BPRG will be net gainers financially and have secured important IP. As for ongoing costs, fast-growing businesses have to fund the expansion. Only those that mis-manage it fail. The ones that do it well succeed enormously. At the end of the day/week/year/decade, you take your choice with BPRG.

The old saying is that in the short term the market is a voting machine, in the long term it is a weighing machine (Warren Buffett I think said that). We can argue all day long about this and that minutae but it doesn't weigh the company long term.

(hey, damn fine weed - let's have another drag.........)

bones sounds good to me - pass the whackey backey
M:)

Bones , those "exceptionals" ... wouldn't count on 100% of them being recovered.