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Stocks to Double in 2006 - we name them
Hambi - Thu, 29 Dec 05 :
One stock that I like the look of for 2006 is CEN. It is tipped by Frank Spencer but i have put in a vote for it. I also see that a number of other people have mentioned it but only Hectorp has stuck his neck out to put in a vote for it.
They are a pharma company and have a few drugs in their pipeline. However, M6G is in phase III trials and is the most advanced. It is an alternative to morphine without the side affects. as somebody who really does not tolerate morphine very well i can understand the potential for this. they have held off doing a deal in order to see it through to late stage trials themselves (they have a good cash position). a deal could however be done now that phase III trials are well advanced.
with a market cap of only aboutt 30m i think the potential is great.
[edit: Directors were buying shares in 2005 - rather than just issueing themselves with options]
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