overhyped, overvalued stock RTLs market cap is $17 mil. That article said RTls market cap was $27m which is incorrect. A $27m mkt cap wpuld mean a share price of around 50c which willl happen very shortly.
Its ridiculous how much more UNi are valued over RTL.
If UNI continue to burn cash at the rate it did in the last qtr, they'll have no cash midway thru next qtr. RTL will be starting production shortly. UNI were meant to start 6 months ago and it looks like they wont be starting for another 5/6 months.
There were no figures/estimated profits in their announcement regarding the China contract. Its all fluff if you ask me. Mind you its a royalty's contract also.
RTL are in talks with major hospitals in Melbourne at the moment I know for a fact and the feedback has been positive so far.
UNI are the most overhyped overvalued stock on the ASX.
They will be the first syringe compnay to fall through.
The price spike a few days ago indicates that the mkt really have no idea at all.
article-today, page-2
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Last
$7.60 |
Change
-0.150(1.94%) |
Mkt cap ! $583.0M | |||
| Open | High | Low | Value | Volume |
| $7.83 | $7.83 | $7.55 | $730.0K | 94.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 494 | $7.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 6000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| UNI (ASX) Chart |