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.

shamona - 22 Sep 2005 15:50 - 2047 of 2060
Nice recovery today, bodes well for the coming days.

Only 4 trading days till interims now, should get a run up to them.

And then a nice run down, what a load of crap this company is!

Dil,

You are good value I'll give you that :)

Now you know I am not a ramper and have been out of this for some while (last sale at 68p) but seeing as the market has since put these down to 27p, are you still saying they are 27p too expensive? :)

If you do, I think that makes you no better than the "rampers" on the way up who see a limitless sky ahead. So, my question to you Dil is, do you have a serious answer to the question - when would you buy these from a pure trading point of view? By that I mean, are you relying on the charts and if so will you only buy when they have safely cleared 160p? Or are you truly besotted by the share in a reverse sense.

If your answer is "never, they are a crock of sh*t" then I'll draw my own conclusions, but I am genuinely interested in a bear's view :)

Oh, did I not say? I've bought these back today at just under 28p. The reason is because all the "derampers" (shall we call them that?) are focussing on the historical results and past management. In my opinion, I am buying a new company, new management, new strategy. Sure it is a risk, like all tech or bio shares, but it's a damn sight less of a risk than the poor boobies who mortgaged their houses and paid 150p during the euphoria.

Anyway, I like to be open with my purchases and sales, no abuse necessary :)

It seems to have gone very quiet on here. Now there is no need to speculate about how crap the figures are/were going to be I'd have expected all those knowledgeable rampers to be out in force.

Perhaps the truth is not as palatable as was thought it was going to be.

Might be worth picking a few of these up for a recovery when they get under 20p...

[EDIT - our posts crossed Bones - my comments weren't aimed at you - just in case you thought they were]

Hi MG, perish the thought! Not bad though, an hour for the posts to cross!

mg

The results were brilliant, have you no idea how to read an rns?

80% reduction in cashburn whilst improving the business at the same time, enough money to last 4 years and thats without any revenue.

This will now break into profit in the first half of next year on the FMC deal alone.

Some of you really need to buy some books on how the market works, the early responses here were clueless at best; hang your heads in shame lol!

Bones ... no I don't think they are worth 28p and I believe you have been ripped off.

Its hard to place any value on a company like this as its just a huge gamble imo even buying on chart signals.

I prefer to buy when chart and fundamentals are both good but have often bought when just one is bullish. Problem here is both chart and fundamentals are bloody awful.

Good luck , maybe I'll join you at 160p.


Shamona .... get real .

Hey Bones .... could be worse , you could have bought YOO :-)

dil

Do you know anything about this company?

You're explanation their was laughable at best, thick as shit at worst!

ps Thought you were only returning when you had something meaningfull to add to the debate, seeing you and others run to make smart arse comments after the mm's had unjustly marked this down first thing was a pitifull sight to behold. Are you really that sad a man in real life?

Shamona, I have just bought these back but not because of the results, which couldn't have been any less "brilliant". They were awful, and demonstrate what a fine mess Graham Hind got the company into. After having grafted for some major deals, he seemed unable to grasp that it could not be run as a one man band any more.

I now regard this as a recovery stock in the sense that a new board is in place with a very different agenda to Hind. It is also a potential (I stress potential) growth stock but the work to commercialise the stuff is a long job.

Dil, have I been "ripped off"? Dunno mate! How many people have bought solid profit earners, established growth stocks etc only to see them go bust in a year. We all stand to be "ripped off" by shares. It's a game we play.

I am also encouraged by the relative lack of hype that's left in the share. It's still active but I believe a lot of the hot air (not all of it) has escaped. A lot of guys were seriously burned. The share has bumbled along around 30p for ages on relatively little volume.

I don't expect much action to be honest. It'll probably bumble around for a while yet.

It was meaningful to all but you shammy.

Take your point Bones but I prefer to play the percentage game.

bones

The losses were know about due to the profit warnings of earlier this year, what was important was the cashburn rate, cash at hand and the forward looking statement; all three exceeded my expectations and were "brilliant" imo.

These figures were for up to the end of June, these were Mr Hinds figures; the new guys have shown that in 4 months they've turned the company around.

Where do you see the bad news as I appear to have missed it?

dil

Grow up.

Could I interest you in YOO too?

Right up your street shambles.

Now only half a point down, not bad considering fid sold half a million(announced yesterday), seems the market agree's with me.

Onwards and upwards.

Death to the ambulance chasers;-)

lol ... I was here before anyone even thought of ringing for an ambulance

Well, that's me told then ;)

Back to school for me - I obviously need to revise my trading style.

How does it go again - follow a stock (blindly) down to 20% of it's market high, wait until it loses twice as much as the year before - then strike. I haven't read that in any of the texts I've found. Perhaps you can enlighten me on an appropriate reading list.

MG - one lives and learns :)

Shamona - my post made it clear why I bought. I agree that the finances are being brought under control etc but the historical results (and you said the results are "brilliant") were shocking, a total loss of control by previous management. I agree that the market was aware of this already and that is why the share price has been at 30p for ages. There were no shocks in these interims and no positive surprises either except confirmation that the new broom is sweeping efficiently. I think it more likely the lack of bad news will encourage a sense of recovery. That is my take and the reason for buying. We will find out in time.

Fair play, all the best!

A bit like one of those psychological tests - you see what you want to see - or what you've programmed yourself to perceive.

Interesting.

And you're definitely right there Bones - always room for learning new things - if you keep your mind open ;)