BioProgress Gains Ground on Talk Big Seller Has Gone

The Evening Standard (London, England), February 4, 2005 | Go to article overview

BioProgress Gains Ground on Talk Big Seller Has Gone


Byline: MICKEY CLARK

SHARES in BioProgress are showing signs of a revival after a spell in the doldrums, which is good news for what is traditionally one of the most heavily traded stocks on AIM.

To describe BioProgress, which rallied 101/4p to 753/4p yesterday, as a small company is disingenuous because it boasts a stock market value of almost [pounds sterling]90 million and enjoys a quote on Nasdaq in New York. But in City terms, anything less than [pounds sterling]100 million is considered a tiddler these days.

It has been a helter-skelter ride for the group's shareholders in the past year, the price dropping from a peak of 1473/4p in March to a low of 563/4p in July. It then rallied to 130p in October before falling back to 621/4p last month.

BioProgress has many interests, ranging from vegetarian alternatives to gelatine pill coatings, biodegradable nappies and colostomy bags. Bulls of the company have been on the back foot of late, saying a big seller of the stock has been thwarting them. More than five million shares changed hands yesterday amid whispers that the seller had finally been cleared out of the market.

Now hopes are high the shares can climb back above the 110p they were floated at two years ago.

A big seller has been cleared out in Biotrace International, lifting the price just shy of 100p. Broker to the company Evolution Beeson Gregory handled the sale of 3.12 million shares at 90p. A line of 3.58 million later went through at the same level.

Shares of recruitment specialist Whitehead Mann slumped again to a record low, stretching the twoday loss to 381/2p and valuing the company at just [pounds sterling]13 million. Less than a year ago, its market value was almost [pounds sterling]100 million.

Numis Securities remains bearish about the outlook following the group's second profits warning in four months. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

BioProgress Gains Ground on Talk Big Seller Has Gone
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.