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.

65p got to hold if 55p region is not to be revisited IMO.

;-)))

Strange that it went down more on the last couple of days on much lower vol? Vols not as low since June.
tomorrow will be interesting to see how the MMs behave

Jumpin - indeed.

Up a couple of p just now.

Uptrend seems to have held. Nice looking hammer now.

Now up 7.58%

MMs behaved exactly as I thought they would!

Nice one Jumpin

Big Al-Hammer? Where did the carpenter come from?very strange this BPRG;-)

thanks for equis link,very good

JC, m8. Looking after all the "average-downers".

LOL!

Don't need a book in charting, just watch for the "bend at the end of the trend". See one?

If we have to get technical, there is always the uptrend in RSI in chart above not to mention higher low (or 1-2-3) at 60p. Not entirely surprising as 60p was a pig to breakthrough going north.

Off to kiss the Blarney Stone now. Hope I don't fall off.

Saw it the other week Bones. ;-))

Still not an uptrend, but stands a decent chance of getting one underway. Still think 75/80p gonna be tricky, though. She'll be on a flyer when/if it happens.

Bones-we've got shooting stars,hammers,black holes,do we really need the Blarney Stone as well?LOL

emailpat - LOL!

Rather disappointed to see a lack of anything today. Price dropped, no volume, etc. In fact lowest volume in 3 months!!

PRM might have made people realise what can happen if news does go against you.

Ne'er mind - next week's another week (funnily enough), so we'll see what happens, but definitely getting the impression the fizz is going, be it "up-fizz" or "down-fizz". Typical closed period?

BioProgress appoints JPMorgan for US Nasdaq listing
http://www.uk-wire.com/cgi-bin/articles/200408040700155964b.html

Brokers note finally out. Interesting that they say "as broker to the company we make no recomendation and leave investors to draw their own conclusions as to the value of the company. Thought they might have said stonking buy !

Janus, sounds like CS do not know how to value the company then!!

Janus, thats probably they are going to be replaced with alarger and more commited broker, who will put the interests of BPRG and its shareholders first.

CS are a bunch of crooks

Year to December 2003A 2004E 2005E 2006E
Turnover (m) 0.9 5.4 14.4 32.8
Pre-tax profit (m) (1.7) 1.5 5.9 13.1
EPS (p) (3.4) 1.3 4.1 8.0
P/E (x) n/a 46.1 14.6 7.5
Cash (m) 1.8 12.0 14.1

I especially like this bit:

In summary this is a disruptive technology in one of the worlds largest
industries. Given the strong Intellectual Property that exists on the
technology, operating margins should be very strong and profitability in
2006/07 enough to drive forward the valuation. Our estimates for 2006
should be viewed as conservative, with the companys own internal targets
being 3x our estimated level of profitability.