I did quite a bit of research on PBH before buying lately, the cash in the bank and expansion into markets particular in Canada and New York position it to be a betting powerhouse...It does appear some takeover activity on the cards, i believe averaging down every time it hits a new low is a winning strategy, ask me again 6 months later.
The fact is there is a limit to how far it can fall given the bank balance, having raised money at $10 and $8. This is how I made money on GXY as well, when the games are being played, just keep accumulating.
Shareholders only going to get 'burnt' if your average buy price remains around $10 etc. Current market cap is peanuts, this is the stock I am most optimistic about going forward. Just got to wait for hit to hit my targets before pulling the trigger on more buys.
TAKEOVER TARGET, page-3
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Last
88.5¢ |
Change
0.050(5.99%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 89.8¢ | 82.5¢ | $1.601M | 1.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14669 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 320 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PBH (ASX) Chart |