THE INVESTMENT COLUMN: York shareholders could pay dearly for setbacks
Wednesday 02 February 2005
York could do with a little less hype if Mr Sadler is to triumph. Its broker reckoned the cream will end up selling pounds 150m a year for hard-to- treat infections. This guess might turn out true, but there is so much to prove that to use it to argue the share price should be 1,600p (which it did) is voodoo economics.
Yesterday, York paid pounds 5m with its inflated shares (up 10p to 110p) for Molecular SkinCare, a private company with treatments for psoriasis and to repair the skin barrier, damage to which might cause eczema. Both products are yet to prove themselves in the clinic.
York has pounds 5m in the kitty to fund these projects for a year or so, but shareholders will pay a heavy price for setbacks. Avoid.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 5 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...