Sunday 27 March 2011

LT Buy PRR.AX

Another Aussie biotech. Sound company which, based on Prima's proposed 3 - 4 year growth plan and market potential and comparisons with Dendreon US:DNDN, should see the 3 year plan PRR has instated proved successful as PRR will be a 30 - 35 bagger based on a US share price $6.50 - $ 7.50 USD in today's terms. And dont forget to add in the 15 - 20 % potential additional price increase allowance for the devaluation in Aussie dollar ... which will happen as it heads back to 80 - 85 c ( bonus ). This is not included in my bagging calculations.

Dual listed shares will tend to mirror each other and we expect the US to take the lead. Can't wait... the waiting is nearly over.... looking forward to following PMBD on the US ticker with some late nights coming up.

1 comment:

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