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BLT - Benitec Biopharma

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Re: BLT - Benitec Limited

Yes I think you're right about the speculative bit and people dumping it quick in uncertain market times.

BLT looks like it's just sliding on small volume trades with less 'convinced' holders jumping ship. I guess one could analyse this and conclude that it's not an indicator that something bad is coming next week. If I saw some big volume and a downward movement in a weeks time I'd suggest we'd be heading for further issues with patent and IND trial.

I think it's time to keep the faith - top up if you're brave - and wait another week or so.

I'm going to sit tight until something shows up in the trading volume.

Good luck guys.
 
Re: BLT - Benitec Limited

Looks like this stock is gearing up for a run. Daily MACD about to cross. A brief test of 13.5c last week. News of legal deal / HIV trials imminent.
 
Re: BLT - Benitec Limited - share entitlements

Hey all

Did anyone read the newspaper article in last day or so about restrospective rules and regulations coming into place shortly to cost investors money. What I read is that what is proposed is that investors who take up share entitlement offers for shares at below current market values, then sell them at market rates for profit, are up for being taxed twice on the profit.

The first will be income tax when the shares are aquired, then when they are sold the profit will be subject to capital gains tax. And this is going to be introduced retrospectively at some immanent future point in time.

Does anyone know anything more about this? It will sure make a difference to my deciding to take up any new issue offers and if any bonus shares are going to be subject to that year's income tax then what is the bonus?

They plan to double tax us on these little gains. I am quite dismayed.

Vida
 
Re: BLT - Benitec Limited

I thought this only applied to renouncable issues as opposed to non-renounceable. Meaning it only applies to issues that you can sell immediately on market rather than the ones you have to subscribe to/for ????
 
Re: BLT - Benitec Limited

britishcarfreak said:
I thought this only applied to renouncable issues as opposed to non-renounceable. Meaning it only applies to issues that you can sell immediately on market rather than the ones you have to subscribe to/for ????
Click to expand...

Maybe I should find the original article I read and review it again, but I can't find it Oh well, wait and see what happens. Where is Benitecg going lately? It doesn't look promising but doesn't look hopeless either

Its fallen enough for me to consider buying in again now
 
Re: BLT - Benitec Limited

Vida,

Didn't you have SM's email address? Or receive an email from her once?

Do you think you could drop her a line and ask about the trials?

There's been no disclosure of any kind regarding the commencement of the trials. Previous announcements inferred that everything was good and recruitment was to be scheduled - post toxicity screening or something...

What the hell is going on here? There's been nothing. We really should have had something. Is there something going on behind the scenes that prevents them from disclosing progress? Is the patent issue preventing trials? Is there a problem with toxicity levels? Is there a problem with the delivery mechanism for the trials?

We're all sitting waiting for this to be cleared up and clearly something's going on that BLT are not telling their investors about.

Meanwhile the SP drops more and more because NOBODY has any idea publicly about the state of affairs.
 
Re: BLT - Benitec Limited

Yeah I did email with Sue a few times. I will contact her again and get back to you with her response, if there is any.
 
Re: BLT - Benitec Limited

Thanks Vida,

Looks like a good time to buy in. Anyone with a big holding took their position a few months ago - est. an average of 15-17c for most of the big boys. Seems that this is just small time trading of people that don't understand the stock - or are trying to close tax losses before june 30th. Are you going to get back in at these attractive 11.5-12c figures?
 
Re: BLT - Benitec Limited

Have you already emailed ??? Thus gettihng the announcement today.

"Commencement of HIV Study in Humans in Los Angeles, ie the first human clinical trial. Stock is up on this about 17% "

I would be interested in the time frame of these trials and how long until there is results from them?
 
Re: BLT - Benitec Limited

12 Months til results. The question I have now is what sort of intermediate updates can we expect on progress. The SP could die in 12 months along with the patients if the trials are unsuccessful. Sorry to be negative....

This is good news though.
 
Re: BLT - Benitec Limited

Ferret's MARKET REACTORS - what's hot and what's not
12:16, Wednesday, June 13, 2007

BENITEC (BLT) up 2.5c to 14c: Heavy buying follows news Benitec
has commenced its first HIV human clinical trial in collaboration with
City of Hope, a biomedical centre near Los Angeles.
 
Re: BLT - Benitec Limited

That was weird. I emailed Sue and the announcement came out the following day. She emailed me back with the announcement attached

I haven't bought back in yet, I am hesitating now with this but I may regret it one day. I have some funds to invest but want to make wise decision rather than gamble at the moment. I am still thinking about it. Not getting too excited yet at the news but the market obviously did for a bit.

I am holding lots of options so still participating but not over confidently.

Good luck to everyone !!
 
Re: BLT - Benitec Limited

I bought in again this week !!! Had some extra funds and the sp was down to .11c and at the mark where I would be buying in at less than I sold for a few months ago. So have my original holding back now and some plus a holding of both options - covered on all angles. Its not a huge investment, just a fraction of my total portfolio which is overall doing very well but BLT could outdo them all if it all goes as we hope it will over next year or so.
 
Re: BLT - Benitec Limited

As I've stated before we need a roadmap of events. Without a roadmap and something to look forward to / measure progress by we'll all get bored and sell out.

I'm holding a lot! Not as much as I had at the start of the year but I'm definitely overweight in this stock. Feeling a bit silly actually as we're down a lot at the moment from the recent 22c high.

There's a lot going on in the RNAI space and I'm not sure BLT will get the glory. We've got a good management crew it seems. We've also got trials in progress and a chance at the real head turning stuff i.e. AIDS results... but if the patent doesn't stand then I don't see how the price will stay above 10c. BLT's response to the USPTO looked pretty good to me but there are so many external forces (with lots of cash) that could find a way to kill this off.

Dare I say it but I think this might not work out how we expect it to. I'm certainly less confident than I was a few months ago. Sorry to be negative but my confidence took a knock when we saw really shabby market response (a blip to 15c) then continual fall when the AIDS Trials ann came out. Surely this should have deserved a better response.

I got my first packet at 6.5c back in Nov/Dec last year. Since then we've had a deal done for IP usage + we've had AIDS trials start + we've lost patents and have challenges on the main one.... is 11c (today's SP) a fair value based on the last 6 months of events?
 
Re: BLT - Benitec Limited

What was your sell price? This stock did go up by 800%??

There have been opportunities to exit. Whether on hype or not, you had an opportunity to take profits.

To be 800% up and not cash in at all seems a bit silly. Seems very much greed got the better of you.

6 cents to 48 cents doesnt happen very often. Dont want to rub it in but just surprised. The market always has profit takers, and there no losers who make 800%. Sorry....

In the short time frame you could have used your profits to invest in blue chip companies.. and had a reliable steady investment.

Either way hats off to picking it up at 6.5 cents you're still up around 80%

Which is great..

How good is hindsight!

p.s

I purchased YML at 17 cents and sold at 24 cents. Ouch!
 
Re: BLT - Benitec Limited

This is still a gamble and always was, no change really especially if anyone is merely looking for short term profits, they have come and gone. I would not put too many bets down on it right now for windfall gains in short term, but have invested in the stock and with patience I trust I will be rewarded in the long term. I bought my first holding in BLT in Nov 06 at .07cents and held it through to its really big highs then saw it plunge and sold it at .115 in a panic earlier this year. So now I have my original parcel back and I am still in profit and am not risking too much but have a lot to gain if it all goes well in future.

I don't care what the market is doing to the stock at the moment, what counts is what is happening to the business. The day traders and such will do what they will and we have no control over it, and neither does the company. The best we can do is just keep what we can afford to and sit on it patiently until things are clarified and this may take some time and it may happen sooner than we think. We just have to wait and see and take a risk but only as much as we can afford to. I am being very prudent with this one.
 
Re: BLT - Benitec Limited

TRADING HALT!
WILL HAVE TO BE GOOD NEWS AS I SOLD OUT ON THURSDAY FOLLOWING FRUSTRATIONS AFTER BUYING IN TOO HIGH!
 
Re: BLT - Benitec Limited

In all probability this is an update saying that the USPTO has progressed but is still under assessment (as can be seen on USPTO site) OR this is about a deal being done with the use of BLT's IP by someone else. I can't think of anything else this market sensitive at this point.
 
Re: BLT - Benitec Limited


I can't produce any paper facts but i did notice that right on the death on Fri BLT was trading @ 10c and someone took a pacel and pushed it to it's close @ .115. I know this because I had an order in for 10c as this was good support levels for me. I missed out so we'll see what happens when trading resumes.
 
Re: BLT - Benitec Limited

Yes I saw that too but the volume has been very low lately and I didn't read too much into it. What did surprise me was the 30odd% jump in the BLTOA's mid last week. But again the volume was too low for me to read much into it.
 
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