Goat milk formula market is growing fast in Australia and Asia. Australian products, including pork, wine, grain and fruit and milk powder, could benefit from an escalating trade war between the US and China.
30% increase of share price is minimum margins for the institutional investor to make a profit ( as their entry point is 0.75 ). Of course, it could be more than that.
The company has been completed CR 3 times (0.45, 0.6, 0.75) since September last year, but the SP never drop below the 200 EMA. If you look at the chart, the trend is up.
For short-term, SP may stay around 0.75 or even below the 0.75, the instos need to manipulate the share price to forces out the weak hands out before it starts to move up.
CFDA approval is a milestone for the company, I think the SP will be above $1.5
IMO
BubS - Fresh Start FY18-FY19, page-30
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $102.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.8¢ | 11.5¢ | $172.6K | 1.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 2507097 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 2646668 | 30 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BUB (ASX) Chart |