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.

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.

It will be interesting to see what happens tomorrow - I think the whole press speculation about a lot of late punters holding them via CFDs rather than cash is just that - speculation and absulte bollocks. If I held them from e.g. 20% higher than where they closed today, whther it was CFDs or cash I would be cacking myself today.


50p/60p is the zone I am watching. Below here and the last person to sell out please switch off the lights.

You pointin' at anyone Limpy! ;-)

Who? Me? No, never... ;-]

I wasn't, honest - just plucking figures

M :)

Dil - whatever you say! We all have our crosses to bear. However, I can sell BPRG at the touch of a button. You can't just get up and carry your house across the Severn Bridge. :)

I must say that a company that waited for the share price to have fallen by 50% (and it seems like they have had a lot of shareholder pressure to comment before now) before issuing this statement really stinks!
I hope it bounces so I can short it!

Nice one Limpy. Damn, I missed your take on the top at 130p, where did you post again?

:)

Hey, I would have been buying them at 130p..they were going up and all that..just wouldn't be holding them 50% lower...!

:-)