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13.5¢ bubs australia limited

Ann: FY23 Q1 - Activity Report and Appendix 4C Cashflow Statement, page-49

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arg1

26 Posts.

01/11/22

07:55

Post #: 64514035
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Originally posted by unknownshadow: ↑

Just reading through some of the previous posts since operation fly formula and it appears as though investors has forgotten all about it - Free PR / marketing by Biden (POTUS) & team during the period. Penetration into US market. Brand awareness takes time and doesn't happen overnight. The market cap & share price has fallen well below previous levels even though BUB is now in a far stronger position with $64.6m in the bank as of last Quarterly update.

What is the point of taking a company public if there is no need to raise cash? The two primary purpose a company goes public on disallowed is to either raise capital or for old dogs to sell and take their money out. In this instance it's to raise cash to fund growth and expansion. Plenty of cash left in the kitty for that.

Obviously the company has to tighten corporate spending and other costs. Management just need to continue kicking goals and the share price will take care of itself. Plenty of great partnership already. Ducks have been lining up for awhile now. At the current share price of 37.5c / $280m Market Cap (undiluted), BUB is very appealing and plenty of upside potential vs downside risk.

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which direction is it going

BUB Price at posting: 37.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $120.4M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.0¢	$52.72K	393.5K

Buyers (Bids)

No.	Vol.	Price($)
42	3666329	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	930267	9

View Market Depth

No.	Vol.	Price($)
42	3666329	0.130
57	4092151	0.125
62	3654327	0.120
29	1573483	0.115
41	1198026	0.110

Price($)	Vol.	No.
0.135	930267	9
0.140	1134526	29
0.145	554322	15
0.150	1090200	30
0.155	207793	12

Last trade - 10.55am 18/07/2024 (20 minute delay)

BUB (ASX) Chart