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.

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...!

:-)

Limpy, hehe! I think you are the first chartist on here who clearly has not read the RNS (as I know you don't). All other traders here revert to "fundamentals" when it suits their case....funny that!

You see, you made me dig it out..Shares mag 29/07/04:

"If there was a prize for most volatile share of the year, BioProgress (BPRG) + would definitely be on the short list. The past six months have seen the price climb from 70p to 160p, then back below 60p recently. The 50p/60p area is the key support for this one and while above here further strength is expected with the May highs around 90p the first target. "

I didn't buy them then though ;-(. And I will edit this when the chardonnay wears off tomorow or the FSA will be around to put a cap in my ass,

lol limpy
ok up or down tomorrow?
I say up --- paper trade and all that :)

Okay, M, I say quiet day tomorrow, watch next week for direction.

Arrange the following into a popular well known phrase

fence the sit on

SENTENCE IF HOT?

lmao

Up and then down more. after the news definitely a Jam tomorrow share and don't know what they are doing with the money they have or have not

HENCE SET FIT ON?