Intro:

CEN www.cenes.com - recently got large institutional ownership - Glaxo Smith Kline. An approx 2.5 bagger in 2003 from 3p to 8p, that is now in much better shape going forward in 2004. Has previously reached over 3.


Broker recommendations recently turned to:

ING Financial Markets 17-Oct-03 BUY
Eden Group 4-Dec-03 BUY
Evolution Beeson Gregory 9-Dec-03 BUY


Products:
Morphine Substitute. Huge worldwide market! - hence Glaxo.

The company is focused on the development of morphine-6-glucuronide (M6G) and CNS 5161 in the indications of acute and chronic pain.

Phase two and three trials underway for various large market products. etc

Major Institutional share ownership:

249.20m 1p Ords
Avlar Bioventures Fund II 9.14%
Active Capital Trust PLC 8.51%
Barclayshare Noms Ltd 6.10%
Prudential 5.82%
GlaxoSmithKline 5.33%
NY Nominees Ltd 4.51%
HSBC Global Cust Noms 764685 3.21%
Pershing Keen Noms Ltd 3.15%
A G Goodman 5.78%(dup) - Director
Other Dirs 0.16

Outlook:

(30/09/03) Interim Report: ch - "The termination of the CeNeS/Elan relationship, our pain-focused late stage pipeline and our strong cash position mean we are well positioned to move forward"



Any thoughts.

ticker - have a look at the chart!

its looking stonking
newsflow could be good
Expect Nomura to do some serious ramping.

Pharmaceutical companies are always liable to fly, is the general consensus this one will?

I don't mind it not flying overnight so long as we have a steady rise each day.

Agreed ticker, just like it's moved for the last five trading days - +.25, +.25, +.25, +.75, +1 --------and today?

Up another .25 today. Personally this is the kind of little penny share I love, it just keeps slowly ticking up. These other volatile penny lunatics are a nightmare to deal with!

after reading KAT's doc from post no7, think this is a very risky punt...widows and orphans etc....but will follow this one, can't help bieng a cynical o.b., pharma's do fly - but both ways.

Another nice tick up today and looking strong for next week

Glad to see everybody is happy! - but Might be time to take some profit and wait for a retracement - then buy more!? Difficult call.

My other punt FFA on the Penny share 20004 punt is also up > 30% this year so far with more to go. Planestation group looks interesting in the interim.
Will be doing some more research over the weekend. Good luck folks.

had a good write up in last months scsw
www.scsw.co.uk

This stock has really taken off since Friday without any news. Has anyone any ideas why??

Don't know ticker, but there is some serious buying going on again this morning.

I suppose we don't really need a reason if it goes on up without news :)

Just gone up again today on no news - I wish the rest of my portfolio was like this!

Yes, me too. Price is down a little bit today, but I guess that must be profit taking. Scottie, do you think there is something in the air??