Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to Haoma,Gilgongo,Raasu,Wasron,Steffers0, for Donating to support the site

Rene plc

Discuss Shares, buying selling, tips and deals
Alaric
Lemon Quarter
Posts: 3746
Joined: November 5th, 2016, 9:05 am
Has thanked: 13 times
Been thanked: 731 times

Re: Rene plc

#235053

Postby Alaric » July 9th, 2019, 12:46 am

I doubt most users of TLF would have a clue what this AIM share is objectively worth. Judging from the movements in the share price, that applies just as much to the outside world. It doesn't make a profit and doesn't pay dividends. One thing going for it or not going for is a Woodford connection.

Despite what is suggested about high yielders just returning capital, you can attempt to value dividend payers as if they were Corporate Bonds or Preference Shares, so there is something of an underpin to the share price. That said "investment grade" Corporate Bonds have yields around the same as the FTSE 100 dividend yield, so anything above would head into "junk" status if it were a Bond.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235058

Postby SentimentRules » July 9th, 2019, 1:29 am

Alaric wrote:I doubt most users of TLF would have a clue what this AIM share is objectively worth. Judging from the movements in the share price, that applies just as much to the outside world. It doesn't make a profit and doesn't pay dividends. One thing going for it or not going for is a Woodford connection..


In January 2018, most thought they knew the value of Vodafone, plus treated it as if a bond. It's turned out to be more punishing than 3/4's of AIM stocks. And a lot of other bluechips where valuations failed miserably over the last few years. However i have no interest in doing any valuations. If i think a share is cheap but the market money is against that , il be shorting it anyway. And Vice versa. My valuations mean nothing. Market money values it... The biggest folly? Classing a value share (all shares are value shares) As if a bond. What risk would you attach to a 10% yield bond? Well double that for a supposed income stock. Because a bond it isn't.

Don't misunderstand me. It is achievable to run an income portfolio over a long period with little change. But you have to weed it periodically. Or derisk the capital and let it weed itself.

AIM stocks I generally agree. Shouldnt touch them. Unless via a small cap etf maybe. Definetely not as individuals. But sometimes a specific area of interest, or elements within an area of interest , are not available on the ftse 350. And have to try select that area in AIM . But of course only if you believe drivers exist somewhere else out there around the globe.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235059

Postby SentimentRules » July 9th, 2019, 1:44 am

Personally I love high yielders. Pretty easy knock 30 to 50% out of one stock in 12 months (just cap - i never hold ex div dates). Just time the spurts. Takes maybe 2-4 entries to achieve that in a year. 1-2 of those will be shorts. . But pays a hell of a lot more than just holding it for a few paltry percent. And much less risk. Not holding for all the drama dates that amount to little even when good data anyway.

I attach say, a risk of 20% higher in a high yield stock, than one with no dividend. That's my view.

There is no confusion in low to no yield stocks. All investors are in on their percieved company valuation.

But stocks with high yield get skewed. Because a lot of stupid money is there, blinded by yield. So you have to assess that extra risk element for valuation. Not easy price it. So i just play it

gbjbaanb
Lemon Slice
Posts: 565
Joined: November 4th, 2016, 1:17 pm
Has thanked: 168 times
Been thanked: 108 times

Re: Rene plc

#235151

Postby gbjbaanb » July 9th, 2019, 12:29 pm

SentimentRules wrote:Decided to buy this at 243p if the price comes Monday to Wednesday. Got out too early on the last spurt but 243p will let me back in at last exit price.

Price and volumes are truly perfect supports re institutiinal interest (imo) Just need 243 to be showing higher than daily average volume on strike.

Anyone else looking at this? Any views?

Initial target will be to retest 320p and assess moneyflow there. Seems ok on the sharepad fundamental dashboard too or stockopedia. Nothing scary anyway. And sector won't pull rug under feet at this time.

243p mid price.


there is a board on here called "Trading My Way to A Million" that is all about day-trading and oither short-term trading. If this is what you're about, perhaps it would be better if you posted more of these kind of posts there instead. This board (and most others) are much mroe of a slower, analysis based forums where we generally discuss potential and fundamentals to a stock. There's also a technical analysis board that will deal with more of price movement predictions that sounds more your style.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235176

Postby SentimentRules » July 9th, 2019, 1:17 pm

I appreciate that. But my target here is 33%. Not something an investor would be glad of?

Just because i aim for it in four weeks instead of four years, doesn't make it 'not an investment ' . Even income investors surely couldn't look away from such capital returns. Capital efficiency. 6 years of income in four weeks capital

Thanks for those boards. There are trades id look at and know where to post them now. Thank you.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235184

Postby SentimentRules » July 9th, 2019, 1:35 pm

gbjbaanb wrote:
SentimentRules wrote:Decided to buy this at 243p if the price comes Monday to Wednesday. Got out too early on the last spurt but 243p will let me back in at last exit price.

Price and volumes are truly perfect supports re institutiinal interest (imo) Just need 243 to be showing higher than daily average volume on strike.

Anyone else looking at this? Any views?

Initial target will be to retest 320p and assess moneyflow there. Seems ok on the sharepad fundamental dashboard too or stockopedia. Nothing scary anyway. And sector won't pull rug under feet at this time.

243p mid price.


This board (and most others) are much mroe of a slower, analysis based forums where we generally discuss potential and fundamentals to a stock. There's also a technical analysis board that will deal with more of price movement predictions that sounds more your style.


I analyse a stock probably deeper than most. Fundamentally and technically. It's wrong to assume that speed = trade. And slow = Invest.

Return targets are the true measure. If i was targeting 10 points you'd call it a trade. Targeting 33% is targeting via investment.

If you mean your analysis is for income? I have to analyse this too. I have to analyse all participant types in a stock to evaluate . Everyone should. Whatever their style.

gbjbaanb
Lemon Slice
Posts: 565
Joined: November 4th, 2016, 1:17 pm
Has thanked: 168 times
Been thanked: 108 times

Re: Rene plc

#235201

Postby gbjbaanb » July 9th, 2019, 2:14 pm

I don't want to get caught up in the back-and-forth chat that this thread has become, but if you'bve analysed these stocks, write up all youre findings and let us know. See the ones on the company analysis boards for examples of what other people have done when they analyse stocks. So far, your reports are 1 sentence review of where you think the price will be.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235207

Postby SentimentRules » July 9th, 2019, 2:20 pm

Yes my friend. And as you can see, succinct and efficient. I dont need to try show my intelligent path to conclusion . Just call it. No time wasting. Next deal.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235209

Postby SentimentRules » July 9th, 2019, 2:21 pm

You wouldnt buy based on my analysis. So i just call it. Then check or do your own analysis and decide. You would anyway. Even if i posted mine here. Not wasting my time doing that.
Last edited by SentimentRules on July 9th, 2019, 2:23 pm, edited 1 time in total.

AleisterCrowley
Lemon Quarter
Posts: 3655
Joined: November 4th, 2016, 11:35 am
Has thanked: 774 times
Been thanked: 817 times

Re: Rene plc

#235210

Postby AleisterCrowley » July 9th, 2019, 2:23 pm

So you basically just guess then...

Works some of the time.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235211

Postby SentimentRules » July 9th, 2019, 2:24 pm

If you wish to see see that way...then sobeit.

Not doing bad today considering most stocks are getting hit. Lucky guess...again

PinkDalek
Lemon Quarter
Posts: 4584
Joined: November 4th, 2016, 1:12 pm
Has thanked: 1076 times
Been thanked: 1230 times

Re: An idea for SentimentRules

#235239

Postby PinkDalek » July 9th, 2019, 3:53 pm

gbjbaanb wrote:there is a board on here called "Trading My Way to A Million" that is all about day-trading and oither short-term trading. If this is what you're about, perhaps it would be better if you posted more of these kind of posts there instead. This board (and most others) are much mroe of a slower, analysis based forums where we generally discuss potential and fundamentals to a stock. There's also a technical analysis board ...


SentimentRules wrote:I appreciate that. But my target here is 33%. Not something an investor would be glad of?

Just because i aim for it in four weeks instead of four years, doesn't make it 'not an investment ' .


The board is entitled Trading my way to a million but has the sub-header Honest reporting on shorter-term trading activity and ideas

It may well suit your style and you could have a Topic entitled SentimentRules, should you so wish. Within that Topic, it is simple to change the title on an individual reply, as you go along. As I have done above for illustration. It'll be a lot easier to see your previous posts too, all in one Topic.

The board is here viewforum.php?f=7

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235241

Postby SentimentRules » July 9th, 2019, 3:58 pm

Thank you. If I have any trades I will post them there.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235243

Postby SentimentRules » July 9th, 2019, 4:02 pm

A lot of the time when i short, it's an investment too. Granted an investment in sentiment or demise. But given we all introduce capital risk for some form of return.. Same thing. Investment.

gbjbaanb
Lemon Slice
Posts: 565
Joined: November 4th, 2016, 1:17 pm
Has thanked: 168 times
Been thanked: 108 times

Re: Rene plc

#235260

Postby gbjbaanb » July 9th, 2019, 4:52 pm

AleisterCrowley wrote:So you basically just guess then...

Works some of the time.


DYOR! GLA! This one's going to be big. Get in now! Last Call! :D

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235262

Postby SentimentRules » July 9th, 2019, 4:54 pm

Haha. You must like seeing me declare a buy for a change. I dont do it often. Nobody follows a shorter so they can't blame me for their buys lol.

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235272

Postby SentimentRules » July 9th, 2019, 5:11 pm

Got your eye on US Tech 100 ? Watch the whole house of cards crumble once she relents. Be alright here though. Safe haven lol

IronPyrites
Posts: 17
Joined: November 6th, 2016, 2:08 pm
Has thanked: 1 time
Been thanked: 5 times

Re: Rene plc

#235351

Postby IronPyrites » July 9th, 2019, 9:32 pm

Hi SentimentRules

Many thanks for introducing an investment I would probably not look twice at. Of course this doesn’t mean it won’t make you money :-)

Reunion (RENE)

ReNeuron Group plc is a UK-based global leader in the development of cell-based therapeutics.

It produces 'off the shelf' stem cell treatments, without the need for immunosuppressive drugs.  The Company's lead clinical-stage candidates are in development for disability as a result of stroke and for the blindness-causing disease, retinitis pigmentosa.  ReNeuron is also advancing its proprietary exosome technology platform as a potential delivery system for drugs that would otherwise be unable to reach their site of action.

Currently it is loss making.

MC 81m
Negative PE (Free cash flow is also negative)
No yield
PTBV around 2.2 
Forecasts show it making a loss until after 2020 (-20m in 2020)
Preliminary results are out on 11th July in 2 days

However in 6 months the sp has risen 367% (Mostly in March/April this year)
https://www.londonstockexchange.com/exc ... ml?lang=en
They presented at the Global Life Sciences conference in London in April:
http://4965zs3ha2l125fk78zkozo3.wpengin ... -FINAL.pdf
With retinitis pigmentosa as their main thrust.

And it had net cash of around 28m in June 2018 reducing to 25m at the interims in December.

The directors also appear, to some extent, to have their interests aligned with share holders:
https://www.investegate.co.uk/reneuron- ... 31129582V/
Though barely 1% of the shares between them.

In April they indicated:

Latest results show sustained and further improvement in vision at 60 and 120 days in first patient cohort of Phase 2a study of hRPC cell therapy in retinitis pigmentosa
https://www.investegate.co.uk/reneuron- ... 00102128X/
This appears to be based on 3 patients.
In September last year they announced:
‘ethics committee approval, the first clinical site has been initiated in the US Phase IIb study with our CTX cell therapy candidate for stroke disability’
‘We expect the PISCES III study to be one of two pivotal studies required to support a marketing authorisation for the therapy in this indication.’
‘A further announcement will be made when the first patient is treated in the PISCES III study.’
This happened in January this year.
https://www.investegate.co.uk/reneuron- ... 00054800A/

OK so this appears to be a biotech company valued at 81m on the basis of its research and development programme focussing on retinal pigmentosa (hRPC) and stroke treatment (CTX-derived exosomes) , that has yet to make any profit and is not predicted to do so until after 2020. It has more than trebled in value in the last 6 months.
Clinical trials are under-way with both its products in the US.

So what is the investment case here?
Well in March this year the sp was 72p it is now 255p so in March the MC was around 23m. With 28m in the bank and 2 programmes under clinical trial in the US this looked a reasonable investment to my mind. There was a solid safety net of cash and relatively slow burn (3m from June to December) so the programmes were in for free.
Now it looks less attractive with no foreseeable profit for at least 2 years and 60m pitted against the success of the clinical trials and eventual commercialisation of their therapies.
The market has also been a little more wary with a 3% drop in sp in the last month.
Great investment if you were in before March, less so now IMHO.

Regards
Iron




 

Alaric
Lemon Quarter
Posts: 3746
Joined: November 5th, 2016, 9:05 am
Has thanked: 13 times
Been thanked: 731 times

Re: Rene plc

#235361

Postby Alaric » July 9th, 2019, 9:56 pm

IronPyrites wrote:Currently it is loss making.
 


There is presumably some influence on recent prices from its presence in the Woodford funds.

From https://portfolio-adviser.com/woodford- ... rma-giant/
we learn
A breakdown on Reneuron’s website shows him owning the bulk of the group’s issued share capital at 35.39% as at 12 March 2019. The Aim-listed company makes up 0.93% of the Patient Capital Trust and 0.24% of the Woodford Equity Income fund respectively.


It's the type of Company you might expect to find in the Patient Capital Trust, but not generating income would appear not to make it suitable for a fund with "Equity Income" in the title. It's AIM quoted, but even so, wouldn't it be difficult to unload volumes in a hurry at near the quoted price?

SentimentRules
Lemon Slice
Posts: 308
Joined: July 6th, 2019, 11:28 am
Has thanked: 34 times
Been thanked: 21 times

Re: Rene plc

#235363

Postby SentimentRules » July 9th, 2019, 10:08 pm

Large volumes? Probably. Not sure. Not bothered looking at a typical order book day. I dont buy these at levels where liquidity would concern me so.


Return to “Share ideas”

Who is online

Users browsing this forum: No registered users and 3 guests