By Tom Winnifrith | Tuesday 17 February 2015
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Lets be upfront, RMPC owns this shares and since I often say that all brokers notes are worthless piffle I cannot make an exception here. However broker Hybridan has initiated its coverage of Optibiotix (OPTI) with a very bullish assessment indeed.
It writes: We have valued OptiBiotix by the sum of its parts, assessing the company’s development pipeline’s ability to capture share of the enormous markets they address, and where appropriate citing relevant recent corporate transactions. Based on relatively conservative assumptions, our valuation suggests a current valuation of £153.5m which we have discounted by a further 75% reflecting the early stage of its product pipeline. This suggests an indicative valuation of £39.6m or 48.9p per share on a fully diluted basis, some 145% above the current price.
Whatever. You can read the full note HERE
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