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.

Found by win2003 on ADVFN..looks good

http://www.foodnavigator.com/news/news-NG.asp?id=54108

Exelleent find

shares rising today - 70p

BioProgress increases production capacity with purchase of two soluble film casting lines

http://www.uk-wire.com/cgi-bin/articles/200408170700060246c.html

BioProgress expands film-making capacity

17/08/2004
UK-based BioProgress, the manufacturer of dissolve in the mouth films, has bought two soluble film casting lines allowing it to boost its production capacity to meet growing demand for the novel delivery format.

The company, which focuses on innovative delivery mechanisms for the pharmaceutical markets, also supplies dissolve-in-the-mouth' breath freshening strips and vitamin film products to companies including UK pharmacy chain Boots.
Boots is considered the first to market with its vitamin C strips but the technology is expected to be used increasingly in the nutritional products industry to carry ingredients including energy-boosting nutrients and herbals.

Such products are said to be in the pipeline with new product launches anticipated early next year in both the US and UK markets.

Graham Hind, chief executive of BioProgress, said the acquisition would allow the firm to take full advantage of the current global shortage of soluble film casting production capacity.

"The shortage is due to extremely strong global demand for 'dissolve-in-the mouth' products and the lack of both expertise and capacity to meet the demand, he said.

The US-based premix company Watson has recently established an entire separate division to concentrate on making film strips for its customers and to meet anticipated demand. In a recent interview, Walter Zackowitz, managing director of international sales at the firm, said Watson was seeing a lack of competition in the technology and had the potential to develop as much capacity as it wanted.

BioProgress new lines, acquired for US$225,000 each from Valence Technology BV following the closure of its facility in Newtonabbey, Northern Ireland, will add significantly to the UK firms production capacity.

Each has around three times the film production capacity of the current film casting line at BioProgress Florida subsidiary BioTec Films. The current line has capacity to generate annual revenues of around $10 million in sales of breath freshening and vitamin film products. The new lines, expected to start producing film by the first half of 2005, will increase the company's revenue to around $70 million.

The lines were also significantly lower in cost than a new purpose built line, which can cost in excess of ₤1 million.


http://www.foodnavigator.com/news/news-NG.asp?id=54187>#

With the above news, it is most likely that it is going upwards. Buy at 78p now.

This is the kick in the pants start the stock so badly needed to break though - now if it can only keep going, I expect some of the institutions are getting interested - very cheap given that the extra capacity will come on stream to positively impact earnings in the current year and the demand for soluble coatings is insatiable - this looks like a very good deal.

Two nice successive closes above the top of the early February gap. Tonights is in the gap. Not much volume, so still the possibility of a pullback, but it's looking good.

Still got the 80-90p area to get over for real long term movement, though.

Hmmm. Must admit I'm interested again. Just been back to the zoo to find there's over fifteen thousand posts since I last had a look. Shall I read them all???? Don't these people have a life?!

80p looks like strong resistance so going to put a limit order for a few (with the option to top up if it breaks out) around 75p and see what happens. Good luck to all :-)

SC - the zoo is a complete farce full of complete idiots who sincerely believe the world revolves around BPRG. They do not have a life outside this company, but I think many are up to their eyeballs in it from far higher than the current price and their whole future seems to depend on how it performs.

Very sad.

Am tempted to grab a few for the bottom drawer too.

Whats happened?

Big Al - Hi - BPRG still looking good, it will get increasingly interesting if today rise holds. I suspect that many of the hardened inhabitants of the 'zoo' have significantly reduced their average price in recent weeks.

There is a lot of hot money now waiting for the NAS float in four weeks but the conversion to ADR's might soak that up.

Next stop 90p?

aol - posts crossed.

I've got her thru' res now.

I suspect there are going to be institutional buying next week. Buy now at 85p today

100,000 buy just went through - these are breaking through 90 pence and volume is robust - expect a surge.

clean air from here.

Ends the day at 94p! YESSSSSSSSS!

Well that was fun and not an RNS in sight!

120p looks like the next resistance point, might actually see these in profit sooner than I thought!! LOL!!!

PTH