Could Clovis Oncology (CLVS) shares be the next GameStop?

first_img jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Over the past couple of months, the retail investor-fuelled rally around GameStop shares has set a precedent for the stock market. The precedent is that the collective movements of everyday investors can move the share price of a stock. The example of GameStop has led a lot of people (who missed the boat) to try and find what the next opportunity could be. In recent days, chatter around Clovis Oncology (NASDAQ: CLVS) shares has risen in this regard.What’s the story?So what does Clovis Oncology do? Well it’s an established US-based company that develops and commercialises cancer treatments internationally. Currently Clovis shares trade around $6.88, but had traded up to $100 back in 2015. This element is one reason why some retail investors think it could be similar to GameStop due to the ‘short interest’. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…This short interest (that profits if the stock falls) has grown since 2017 due to poor financial performance. This was mostly due to high research and development costs of new treatments, without having the revenue to show for it. For example, in 2018 the business lost $370k, up from a loss of $340k in 2017. Research and development costs for 2018 alone were $231k when revenue was only $95k. As a result, Clovis shares have tumbled down to the levels they sit at currently. We might wonder why a business of this size can command a market valuation of $718m. From what I can see, this is mostly based on speculation about future approvals for cancer treatments. Last Friday, Clovis shares rallied 48% after positive news from trials of it’s ovarian cancer drug called Rubraca.Could Clovis shares skyrocket?There are several reasons why Clovis shares could mirror the explosion seen in GameStop shares earlier this year. To begin with, short interest sits at 41%, which is high. The implications of this are that if the share price starts to rally, people who shorted the stock will need to buy back shares to close out their positions. This will push Clovis shares even higher. This was the same situation that happened with GameStop.Further, Clovis is gaining more prominence in internet chat sites, just like GameStop. If this continues to increase, it will be on the radar of more investors. This in turn should lead to more people buying the stock. Even if they don’t completely understand the business, the fear of missing out can be a very strong pull!But am I going to buy Clovis shares right now? No. The share could rocket higher if more positive news on treatments gets released (and I hope that’s the case for the sake of the many people that could benefit from its products). But this has the feeling of an over-inflated penny stock to me. It feels very ‘boom or bust’. As the stock is also still a fairly small company, the price can easily see erratic moves as there aren’t a large amount of shares in circulation.If I was a high-risk investor then maybe I would buy Clovis shares, as there’s a small chance that they might make high returns. Instead though, I’ll follow The Motley Fool strategy and look to more established, profitable companies to invest in. That way I hope to build my wealth gradually over time without so many scary booms and busts to have to deal with! “This Stock Could Be Like Buying Amazon in 1997” Jonathan Smith | Wednesday, 24th March, 2021 | More on: CLVS Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Addresscenter_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares See all posts by Jonathan Smith Could Clovis Oncology (CLVS) shares be the next GameStop? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.last_img read more

Soak up water views from riverside home

first_imgThe open plan living area opens to the back patio.The entry on the first floor of the home leads past the internal access for the two-car garage, the study with built in storage, and the laundry, through to the open-plan living, dining and kitchen area. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The kitchen has granite benchtops, ample bench and cupboard space and stainless steel appliances. The central hub of the home has sliding doors that open to an atrium courtyard at the side of the property and a covered terrace along the back of the house. Both outdoor spaces have river views and the terrace has a barbecue area with granite benchtops, town gas and hot and cold water. The home has views across the Brisbane River.Upstairs, the master bedroom has a walk-in robe, a private balcony looking out to the river, and an ensuite with double shower and spa, which also has river views.The two remaining bedrooms have built-in storage and bedroom two also has a dressing room. Ms Noble said the home was only 5km from the Brisbane CBD and close to parkland, cafes and public transport. The home at 37 Ormadale Rd, Yeronga is on the market.ENJOY panoramic river views from this architecturally designed home on the market in Yeronga. The two-storey home at 37 Ormadale Rd is on a 583sq m block and looks across the river to the Indooroopilly and St Lucia Golf courses. McGrath Annerley and Yeronga marketing agent Kristy Noble said the home was on a prestigious street with direct access to the riverside walks and parklands. “You can live here with the confidence that your views will always remain,” Ms Noble said. center_img The master bedroom has a private balcony.The home is airconditioned throughout and Vergola shutters create a natural flow of cool ventilation.The property is above flood level. The home at 37 Ormadale Rd is on the market for offers over $1.599 million.last_img read more

Quique Flores recalls on-field battles with ‘tough’ Mark Hughes

first_imgWatford boss Quique Flores is relieved to be facing Mark Hughes the manager not the player on Saturday when his side take on Stoke. Flores witnessed Hughes up close in Spain as he was playing for Valencia when the Welshman joined Barcelona from Manchester United in 1986. The pair go head to head in the Barclays Premier League this weekend as Watford visit Stoke, looking to end the Potters’ three-match winning run. The Hornets sit 15th in the table, four points clear of the relegation places, but Flores insists he is not satisfied with survival. “I am very confident in what I do and what the players are doing every week,” Flores said. “It’s very positive where we are. If we are not in the bottom three and fighting for the higher positions, it’s perfect. “We are not thinking about the bottom three, we are thinking about 10th, 11th, 12th. “Right now we are angry. We are not comfortable. Now we are 15th it is good news but we want more. We are working hard to create something special.” Hughes played only one season at the Nou Camp before returning to England, but the former striker still made a strong impression on Flores with his combative style of play. “He was there for one year at Barcelona. He was stronger than me. He crashed hard into players. I remember that,” Flores said. “He was always keeping the ball with his back to goal. He was a very tough opponent. “But you can’t make such a difference as a manager. Of course Mark Hughes has the respect of the players and the league because he did everything in football. “But fortunately we are not playing against Mark Hughes. It is the players of Watford against the players of Stoke. “Mark and me, we are on the bench so our influences are limited in the match. “I am not surprised the player I saw at Barcelona became a coach.” While Stoke have hit form after a poor opening to the season, Watford’s bright start has turned slightly sour of late, with Flores’ side now winless in three. Press Associationlast_img read more

Shafer: Syracuse will apply for 6th-year waiver for Terrel Hunt

first_img Facebook Twitter Google+ Syracuse has already started the process to apply for a sixth-year waiver for injured quarterback Terrel Hunt, SU head coach Scott Shafer said on his weekly teleconference Tuesday.“It will just be a wait and see with the NCAA,” Shafer said.Hunt tore his right Achilles 7:27 into Syracuse’s 47-0 win over Rhode Island on Friday night, and will be sidelined for the entire 2015 season. The injury comes after Hunt fractured his fibula and missed the last seven games of 2014. He was replaced by true freshman quarterback Eric Dungey, who is presumed to be the starting quarterback moving forward.Shafer also said that Hunt was “getting fixed as we speak” during the teleconference, but it was unclear whether that meant the surgery was happening early Tuesday afternoon.It’s the first time Shafer is going through the application for a sixth season, and said that he’s handing it over to Syracuse’s medical staff. He also couldn’t assess Hunt’s chances because of his unfamiliarity with sixth-year medical waivers, but said he will continue to learn about the process as the Orange moves forward with it.AdvertisementThis is placeholder text“Terrel’s a real strong young man who has overcome a lot in his life,” Shafer said. “When you look at the injury situation, just a horrible situation for a strong young man.” Comments Published on September 8, 2015 at 12:25 pm Contact Jesse: [email protected] | @dougherty_jesselast_img read more

Green Energy Calculated to Kill Birds

first_img(Visited 22 times, 1 visits today)FacebookTwitterPinterestSave分享0 Bird deaths figure into the equations for wind turbines. Many more will die because of bad data.Gannets are beautiful seabirds with elegant silky-white wings that nest on cliffs; they are featured in nature documentaries like Winged Migration. They soar above the ocean shores, and dive like darts into the water in search of fish. Unfortunately, engineers intent on “green energy” to reduce atmospheric carbon are eyeing the same habitat. Offshore wind farms are being planned in Scotland after initial models estimated that “only” 125 breeding pairs would be killed each year by the project. They were off by a factor of 12. New estimates based on better observations, PhysOrg says, indicate that 1,500 breeding pairs of gannets will die each year by the spinning blades.So is this new data halting the project? There’s no indication that this discouraging news will do anything more than adjust the equations for the cost of doing business. “The government expects offshore wind power could supply between eight and 10% of the UK’s annual electricity supply by 2020,” the article concludes. “It currently supplies about 4%, according to the latest official figures.”Supporters of wind energy argue that the fatality figures are far lower than bird deaths from coal and oil. A chart in—reproduced around the web by news media and green energy advocates—would lead one to believe that turbine deaths are far, far lower than the fossil fuel numbers. If so, it represents an improvement. The article goes on to say, though, that the estimates are arrived at by different methods, and “the data on bird deaths is gathered from different advocacy and industry groups, academic institutions, and government sources.” For these reasons, “The results should be taken with a grain of salt.”As for coal, those bird death numbers came from a peer-reviewed study in the journal Renewable Energy [2009]. That estimate had a more sweeping methodology, though, with the study’s author including everything from coal mining to production — and bird deaths from climate change that coal emissions produce.It would seem that a journal like Renewable Energy has a vested interest in promoting wind over coal.  How can one predict bird deaths from climate change? That’s a very theory-laden calculation that would require knowledge of future world-wide effects on many thousands of species of birds with different habitats. One can simply count dead birds below wind farms and solar plants. Wouldn’t those numbers be far higher if manufacturing and production of the turbines, and their maintenance, were included the way they estimated for coal? How about the rest of the infrastructure for wind farms were taken into account, including transmission lines and trucking of maintenance workers and supplies? And how would the death toll look if measurements were made in units of deaths per kilowatt instead of total deaths per year? Obviously coal has larger numbers of total bird deaths, too, because it is the major energy source now. As wind farms increase, bird habitat options will decrease, and bird deaths can be expected to skyrocket.One must beware of “political” science. Giving total numbers of bird deaths glosses over substantive questions. How many of the birds being killed by various energy sources are endangered species, or apex predators? There are concerns that eagles and other raptors are most at risk for wind turbines; bats, too. What factors are being included in a data point? What factors are excluded? Who is doing the study, and where is the funding coming from?The study jokes that cats kill far more birds than all energy projects combined. Environmentalists should know, though, that cats generally go after small, common garden birds—not eagles, great horned owls or California condors. And they should know that animal predation is natural. We don’t fault cats for doing what their instincts are designed to do. Humans, by contrast, have a choice about what impact they have on nature. One assumes cats kill birds usually for food. Birds killed by wind turbines do not serve the ecology at all.When government subsidizes something, there is potential for graft and corruption. Environmental impact reports can be rushed or fudged to get the contract. There have been wind and solar projects where entrepreneurs grabbed the money, built monstrosities that ruined beautiful views or prime habitats, then took off with the profits, leaving others to deal with the consequences. Huge solar and wind farms in Palmdale, California, for instance, popped up overnight with government subsidies. They scraped the desert floor clean, causing severe dust storms and ruining prime habitat for California poppies, despite the fact that these impacts were warned about in the EIR. At the California border with Nevada, huge new solar plants are igniting birds in mid-air.Environmentalists will sometimes scream and shout to halt fracking, but their outrage over the killing of beautiful birds by “green energy” projects is sadly lacking in reports like this. Reporters, too, can fail to look critically at quoted numbers. Let the reader beware, and weep a little for gannets facing the guillotine.last_img read more

SA increases social spending

first_img21 February 2007South Africa is to increase its public spending on a variety of social programmes including teachers’ salaries, health, welfare and housing, Finance Minister Trevor Manuel said in his 2007/08 Budget speech in Cape Town on Wednesday.South Africa will be spend an extra R8.1-billion on improved teacher salaries, teacher assistants and school support staff over the next three years, Manuel told Parliament.Health also gets a major boost this year, with an extra R1-billion for the state’s hospital revitalisation programme, and an extra R5.3-billion for better pay for health workers and for recruiting more staff. “Government is budgeting to increase the number of health workers by about 30 000 over the next five years,” Manuel said.In addition, the government has set aside a further R1.7-billion for its HIV/Aids programme, with treatment for about 250 000 HIV-positive patients being rolled out at 272 sites countrywide.For public transport, water and other municipal infrastructure, there is an additional R7.8-billion.For housing, an additional R2.7-billion brings the total allocation for the next three years to R32-billion. The housing budget will have risen from R4.6-billion in 2003/04 to R12.5-billion by 2009/10.A further R2.4-billion goes to spending on additional police officers and on new technology and forensic equipment to assist the police. From now on, Manuel said, “electronic fingerprints and dockets will become the norm.”At the same time, an additional R1.5-billion goes to the Department of Justice to improve the work of the country’s courts and reduce case backlogs.Over the medium term, the Budget allocation for the police will rise by 34%, from R33-billion in 2006/07 to R44-billion in 2009/10, while the Department of Justice will see a 52% rise in its budget over the next three years.Government spending on the 2010 Fifa World Cup goes up to R17.4-billion. While the cost of building the stadiums has been contained within the R8.4-billion originally budgeted, a further R2.3-billion will be spent on related transport infrastructure and upgrades to areas around the stadiums.This brings the total to be spent on transport infrastructure ahead of 2010 to R9-billion, and the total of direct national government expenditure on 2010 to R17.4-billion.Social grantsManuel’s 2007 Budget includes increases in social grants, thanks to successes over the past previous years in curbing corruption in the country’s social grants system.The old age pension, the disability grant and the care dependency grant will all be increased by R50, from R820 a month to R870 a month, from 1 April.This increase, Manuel said, sends “a strong signal that money released from the reduction of corruption will be given back to those who deserve it”.The child support grant is also being increased, from R190 to R200 a month, as is the foster care grant, from R590 to R620 a month.The Budget also makes R10-billion available over the next three years to improve the services provided by social welfare organisations in communities.Sin taxesIn terms of so-called “sin taxes” on consumables, a can of beer will cost 5 cents more, while a packet of cigarettes will cost 60 cents more. A 750ml bottle of spirits, such as whiskey or brandy, will cost R1.88 more, a 750ml bottle of wine will cost 10 cents more.The tax on a litre of petrol or diesel will rise by 10 cents from 4 April. These increases, Manuel said, would bring an extra R1.5-billion into the national coffers.Source: BuaNewslast_img read more

Brand South Africa takes agenda to build competitiveness to Mpumalanga

first_imgJohannesburg, Wednesday 16 September 2015 – Brand South Africa will on Thursday 17 September 2015 bring the country’s agenda of building competitiveness, pride and patriotism, to the province of Mpumalanga during a one-day workshop at the Mecure Nelspruit Hotel, in Nelspruit.This is in line with Brand South Africa’s agenda to encourage all South Africans to play their part in building South Africa as a globally competitive destination for investment, tourism and skills.Provinces and cities are crucial to the positive positioning of South Africa because they cumulatively contribute to perceptions about the country.These are the perceptions that drive the country’s reputation.Building positive perceptions about South Africa requires all citizens to have hands on deck and Brand South Africa is happy to host representatives of business, government and civil society at the workshop.The inputs from the workshop will contribute to Brand South Africa’s efforts to position the country as a competitive investment destination.Media are invited to attend the workshop. The details are as follows:Date: Thursday 17 September 2015Time: 08h30Venue: Mecure Nelspruit Hotel, Cnr. N4 & Graniet Street, NelspruitEnquiries/RVSP: Manusha Pillai on [email protected] or SMS to 082 389 3587Follow the conversation on #CompetitiveSAlast_img read more

Govt may hold GoM meet on Lokpal today

first_imgA day after junking the civil society’s version of the Lokpal bill draft, the government has now been planning a media offensive to explain its stand.The government is likely to call a meeting of the Group of Ministers (GoM) on Thursday to explain the reason for the deadlock. It would later hold a press conference to explain its position to the country.The government would apparently explain that the Lokpal, as suggested by the civil society – headed by anti-corruption activist Anna Hazare – needed an amendment in the Constitution.The government was likely to convey that if the civil society has its way in forming the Lokpal, then it would result in huge problem for the bureaucracy.Earlier, the latest round of talks between the civil society and the government over the drafting of the Lokpal bill on Wednesday ended in a deadlock. There was no consensus on basic issues during the three-hour meeting.The Lokpal panel was scheduled to meet again on June 20 and 21 to try and find a way out. The government, however, was confident that the panel would meet the June 30 deadline for the submission of draft Lokpal bill.For more news on India, click here.For more news on Business, click here.For more news on Movies, click here.For more news on Sports, click here.last_img read more

“Greek Freak” Bucks and Jazz, Bulls Look for 2-0 Leads

first_imgMilwaukee’s Giannis Antetokounmpo marked his arrival as a big stage, playoff performer in his second trip to the NBA postseason — now he’s looking for more.The 22-year-old dubbed the “Greek Freak” will be looking to once again put his stamp on the Bucks’ series against the Toronto Raptors. There Game 2 showdown in Toronto is one of the trio of NBA playoffs games Tuesday night that feature lower seeds that are trying to take 2-0 series leads.Other games on tap include the East’s top-seeded Celtics trying to bounce back from an emotional night for Isaiah Thomas in a loss to the eighth-seeded Bulls, and a Jazz teams looking to build on their Game 1 win over the Clippers despite Rudy Gobert’s left knee injury in the opening minute.Bucks coach Jason Kidd said that Antetokounmpo is stepping into his own at the right time.“He set the tone for everyone offensively and defensively, and just understanding he came out aggressive, he didn’t wait,” Kidd said. “We’re going to need that from him.”It’s a big step for the young scoring threat. He was just in his second year in league in Bucks’ last playoff appearance in 2014-15. He averaged 12.7 points a game that season.“He answered whatever call he answered and executed the game plan,” Kidd said. “He didn’t force things, he let the game come to him.”___Some things to know about Tuesday nights trio of matchups:Bucks at Raptors, Milwaukee leads 1-0. Game 2, 7 p.m., NBATVNEED TO KNOW: Antetokounmpo’s strong regular-season performance against Toronto carried over into Game 1, when he had 28 points and eight rebounds. The Milwaukee Bucks star averaged 24.8 points, 7.8 rebounds and 7.0 assists in four regular-season against the Raptors.KEEP AN EYE ON: G Malcolm Brogdon will face Raptors G Kyle Lowry, who struggled with his shooting Game 1. A rookie, Brogdon has provided a calming and steady presence at point guard on both end of the floor.INJURY UPDATE: Serge Ibaka did not practice Monday because of a sprained left ankle, suffered when he stepped on Antetokounmpo’s foot in the third quarter Saturday. But coach Dwane Casey said Ibaka “should be ready to go tomorrow night.”PRESSURE IS ON: Khris Middleton. The forward had nine assists against Toronto in Game 1 but was held to 10 points on 4-of-15 shooting in 40 minutes. It was the second time that Middleton had played at least 40 minutes since coming back from a hamstring injury on Feb. 8. He’s one of Milwaukee’s best all-around players, but if Middleton can get going from the outside, that should create more spacing on the floor and room for Antetokounmpo to maneuver to the rim.___Bulls at Celtics, Chicago leads 1-0. Game 2, 8 p.m., TNTNEED TO KNOW: Celtics point guard Isaiah Thomas is preparing to play Game 2 before flying out Tacoma, Washington to be with his family to finalize funeral arranges for his younger sister. Chyna Thomas, 22, died in a car accident early Saturday, casting doubt on whether Thomas would ultimate play in the opener. He did, scoring a game-high 33 points, to go along with six assists and five rebounds. Bulls guard Dwyane Wade said that Thomas produced like they expected him to in Game 1. But he said he is expecting Jimmy Butler, who had 23 of his 30 points in the second half of Monday’s 106-102 win, to produce as well. Butler also guarded Thomas at times. Wade said before practice Monday the Bulls have to give them a different defensive look with Butler at times, “if you get their offense out a little further, if it takes a little bit more time off the clock, all those things help,” Wade said. “It’s good to be able to have a guy like that to say, ‘get us 30, and then go guard the guy that’s got 30.’”KEEP AN EYE ON: The rebounding battle. The Bulls dominated the offensive glass 20-12, leading to 23 second-chance points in their Game 1 win. It was as part of a 53-36 overall rebounding edge for the game. Chicago also outrebounded Boston in three of their four regular-season meetings.INJURY UPDATE: Both teams are injury-free coming out of the opener.PRESSURE IS ON: The Bulls bench to keep up its production. Second-year forward Bobby Portis’ 19 points in the opener led Bulls’ young reserves, who outscored their Boston counterparts 35-22. Chicago’s second unit had its biggest impact at the start of the second quarter, going on a 10-0 to put the Bulls in front.Jazz at Clippers, Jazz lead 1-0. Game 2, 10:30 p.m., TNTNEED TO KNOW: The Jazz gained home-court advantage by winning their first playoff game since 2010 on Joe Johnson’s floater at the buzzer. It was just their third win in 21 games against the Clippers. Utah is in the postseason for the first time in five years.KEEP AN EYE ON: Whether the Jazz can contain Blake Griffin and DeAndre Jordan without injured big man Rudy Gobert, who was among the NBA’s leaders in several defensive categories.INJURY UPDATE: Gobert (hyperextended left knee/bone bruise) isn’t expected to play Game 2 after getting hurt 17 seconds into the series opener. Clippers backup guard Austin Rivers (strained left hamstring) has resumed shooting, but isn’t expected back yet.PRESSURE IS ON: The Clippers. They’ve never gotten past the second round in franchise history and have lost at least one home game in every playoff series they’ve been in since 2005-06. It was especially costly two years ago, when they blew a 3-1 lead against Houston, lost Game 6 at home and got beat on the road in Game 7.___AP Sports Writers Genaro Armas in Milwaukee, Beth Harris in Los Angeles, and AP freelancer Ian Harrison in Toronto contributed to this report.TweetPinShare22 Shareslast_img read more

Globe Shipholding CCBL Sign Sale Leaseback for Tanker Duo

first_imgzoomIllustration. Image Courtesy: Pexels under CC0 Creative Commons license Globe Shipholding has agreed a USD 132.8 million sale and leaseback transaction for two tankers with CCB Financial Leasing.The vessels were acquired from and chartered back to two subsidiaries of Globe Shipholding, which maintain a fleet of crude carrier tankers managed by Almi Tankers.CCBL’s transaction with Globe represents the first completed sale and leaseback of VLCCs in the Chinese leasing community.The financing was drawn by Globe under the sale and eight-year capital lease back transaction which was put to various uses including the refinancing of certain bank loans secured on the two tankers.last_img