They know that the embedded market is small and WBT only get 2% of WBT reram's share of the market.
They also know that it takes two and a half years from signing up a customer for revenue to hit the books.
The embedded market is said to grow to $3.7b by 2030
Let's assume WBT gets 40% of that.
2% to WBT is around $30mUSD or $45mAUD
That's at full whack by 2030
So put your own multiple on that; 20x gives a SP of $4.80.
So shorts have all of the information they need and likely assume they will be able to cover in a CR in the next 2 years.
They don't need any nefarious inside information.
Discreet changes everything once the selector is done.
They know that the embedded market is small and WBT only get 2%...
Add WBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.24 |
Change
-0.180(7.44%) |
Mkt cap ! $422.4M | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.61 | $2.24 | $3.897M | 1.645M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 35413 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.26 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.25 |
Change
-0.180 ( 7.89 %) |
||||
| Open | High | Low | Volume | ||
| $2.46 | $2.60 | $2.24 | 236387 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| WBT (ASX) Chart |