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.
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $164.0M |
Open | High | Low | Value | Volume |
48.5¢ | 50.5¢ | 48.5¢ | $313.0K | 631.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 80768 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 100271 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 80768 | 0.495 |
5 | 41883 | 0.490 |
8 | 101158 | 0.485 |
16 | 355728 | 0.480 |
4 | 48194 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 98271 | 3 |
0.510 | 14933 | 2 |
0.515 | 41933 | 2 |
0.520 | 2000 | 1 |
0.530 | 22412 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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PBH (ASX) Chart |