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33.5¢ botanix pharmaceuticals ltd

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LuckyAngel

95 Posts.

18

21/09/23

14:02

Post #: 69958539
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Originally posted by TheAnalyst007: ↑

I might not agree with the market's valuation of the FDA announcement, but that doesn't mean it isn't "priced in". The market is not going to be like "oh wow FDA approval I wasn't expecting that at all!"

Announcements like these are never huge catalyst events as everyone already sees them as highly likely. Indeed, someone here was saying it has a 90% chance of being a YES!! Rerates happen due to a shock that changes the market's view of things.

Imo the unexpected sales numbers will be this "shock" we need for a major rerate (I'm talking going from the cents to the dollars, not a little move from 20 to 25c). As the market begins to price this is (could be happening now) we will likely see the price rerate before these numbers are actually released. However the last thing we need is for a bunch of sheep to sell when they don't get the 500% return some people here seem to think we'll get for FDA approval (perhaps if you are counting from when this was at 5c when approval wasn't massively anticipated you may be correct)

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Sometimes the larger US companies, like Pfizer & Glaxo etc, take a small stake in Biopharma’s and it raises the SP substantially.

BOT Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 33.5¢		Change -0.005(1.47%)		Mkt cap ! $608.8M

Open	High	Low	Value	Volume
33.5¢	34.3¢	32.5¢	$1.200M	3.588M

Buyers (Bids)

No.	Vol.	Price($)
6	349093	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.5¢	25403	5

View Market Depth

No.	Vol.	Price($)
5	333942	0.330
10	854807	0.325
10	499198	0.320
9	424099	0.315
26	895152	0.310

Price($)	Vol.	No.
0.335	25403	5
0.340	409008	9
0.345	427139	8
0.350	423142	11
0.355	364833	3

Last trade - 16.10pm 11/11/2024 (20 minute delay)

BOT (ASX) Chart

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