I agree, we have not yet begun. Note the comment in the Pitt St report that says they are only raising the valuation from 17% to 25% of that of eMemory. If they were equally valued, the SP of WBT would be $38.24.
"Conclusion: New valuation of A$9.56 per share
Our previous target price for WBT of A$6.10 has been reached and exceeded.
Given the company’s progress so far in 2023 and the expected news flow
during the remainder of 2023 and into 2024, we believe WBT’s valuation gap
with a company like eMemory is likely to narrow in the next 12 months.
We believe WBT’s valuation should be able to move up to 25% of eMemory’s
valuation, from 17% currently, if and when the company announces
additional commercial deals and positive technical progress on its discrete
ReRAM development. At that 25%, WBT should be valued at A$9.56 per share,
which implies 43% upside form the current share price."
All IMHO, DYOR
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Last
$2.01 |
Change
0.110(5.79%) |
Mkt cap ! $379.7M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $2.10 | $1.87 | $2.120M | 1.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2636 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 7882 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |