PCK

3.23%

3.2¢ painchek ltd

Ann: Update on PainChek Business Performance, page-124

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Salubrious

6,643 Posts.

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24/12/19

23:40

Post #: 42125233
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Originally posted by zidane123: ↑

right on with your analysis. I think it was slower than expected by holders, not so much the companies forecast. PCK was rolled out around the start of 2018, and the price dropped over 50% to less than 3 cents over nearly 1 year to April 2019. It was always slow and steady progress. What changed was the government grant which exploded the price, but then created an expectation that it was going to be high speed uptake from there. The price was at a low around 3 cents in April 2019, it is only 9 months since then.

In the grand scheme of things, getting the government grant this early is insane though the continuing the roll out is actually slow, and waiting on the price to multi bag towards 500mill or 1 billion market cap feels like a drainer.

By comparison look at ALC, that chart and market cap is very similiar and they have grown much larger revenues but with more volatility as well.

AVH also has a similar chart and went to the moon to 1 billion market cap, but they received FDA approval, to run from around 8 cents to 60 cents. Completely different company but it is clear that FDA is one major milestone that must be obtained to even get a change to to move towards 1 billion market cap.

The Australian market is tiny, and people possibly underestimate how small it is globally. It is a testing field for the app.

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na PCK forecast 42616 beds by 31 Dec, bit disappointing. Timely pump.

Last edited by Salubrious: 24/12/19

PCK Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.001(3.23%)		Mkt cap ! $52.39M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.1¢	$289	9.274K

Buyers (Bids)

No.	Vol.	Price($)
1	5419	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	70943	1

View Market Depth

No.	Vol.	Price($)
1	5419	0.032
3	345653	0.031
8	9796039	0.030
2	444000	0.029
2	380000	0.028

Price($)	Vol.	No.
0.034	70943	1
0.036	200000	1
0.037	44589	1
0.038	125000	1
0.039	200000	1

Last trade - 16.10pm 14/10/2024 (20 minute delay)

PCK (ASX) Chart

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