Echo whytee. Also generally speaking companies don’t just go sell themselves when the shareholders have gone through the early hard yards where all the execution risk is, for a small premium of x% say 20-50%. If they are looking at a sale it will be further on in the journey when they can command a much bigger valuation than what it is today. Insto Shareholders that participated at $1.90 are not looking to sell for $2.5-$3.
Unless there is a major catalyst of change that impacts the business for example in high interest environment and the company is in medium term saddled with debt, balance sheet shakey - then a company might look to sell rather than wait it out. Polynovo is not in this scenario with a strong balance sheet and business performing in line with narrative to the market
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Last
$2.35 |
Change
-0.020(0.84%) |
Mkt cap ! $1.650B |
Open | High | Low | Value | Volume |
$2.41 | $2.43 | $2.33 | $1.762M | 745.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 21618 | $2.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.36 | 41099 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 21707 | 2.350 |
15 | 28044 | 2.340 |
23 | 59697 | 2.330 |
19 | 69260 | 2.320 |
17 | 67171 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.360 | 40519 | 21 |
2.370 | 59457 | 21 |
2.380 | 28354 | 13 |
2.390 | 101385 | 13 |
2.400 | 112603 | 4 |
Last trade - 13.01pm 30/08/2024 (20 minute delay) ? |
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