Australia's largest stock trading and investment forum Australia's #1 stock forum

WBT

Click for more information

1.28%

$1.98 weebit nano ltd

I would love a different one from left field being a takeover...

First 18 Last

Share
Profile

Follow
H e pennypacker

1,231 Posts.

245

31/10/23

10:26

Post #: 70633942
Share

Originally posted by Patchspike ↑

You are right Insected
The short selling is being absorbed, albeit at lower prices than what many were expecting.
To initiate the shorts to cover suspect we need new medium to long term holders to join the register.
Expect this to happen as commercialisation ramps up and greater awareness of the value of WBT"s tech is displayed.
We know that initial revenues will be small, but those that understand the industry will look past that and more base their judgements on long term revenue expectations
There may be buying from the very groups WBT is talking to.
Have thought for a while that some may wish to protect there long term interest in WBT" s product, buy buying an initial stake in the company
A 5% stake, even at say up to $6, is only some $50 mill, or $US30 mill
What I am saying is, whilst we don"t know where the next buying play is going to come from.
It will most likely be from left field and not the good old institution who is only there because he has to meet his index reqiurements and then lends out to shorters to make some extra money

Expand

I would love a different one from left field being a takeover offer presented for consideration , that would be pleasing especially when the shorts get called upon and have to cover

WBT Price at posting: $3.54 Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

FEG

China's Xingye snags 19.99% stake in Far East Gold, eyeing latter's Indonesian gold play

SRN

Copper and zinc zone prove exciting news for Surefire close to WA's Yidby

ADH

Adairs MD and CEO steps down after 17 years in company management

DEL

Delorean unlocks $30M through Tanarra finance facility for bioenergy projects

There are more pages in this discussion • 5 more messages in this thread...

First 18 Last

Add WBT (ASX) to my watchlist

(20min delay)
Last $1.98		Change 0.025(1.28%)		Mkt cap ! $385.3M

Open	High	Low	Value	Volume
$1.96	$2.05	$1.95	$839.6K	421.1K

Buyers (Bids)

No.	Vol.	Price($)
10	382	$1.98

Sellers (Offers)

Price($)	Vol.	No.
$1.98	1531	7

View Market Depth

No.	Vol.	Price($)
10	382	1.975
3	19058	1.970
5	22004	1.965
3	8530	1.960
4	7605	1.955

Price($)	Vol.	No.
1.980	1358	6
1.985	1429	5
1.990	13768	6
1.995	4881	3
2.000	1236	4

Last trade - 13.43pm 05/09/2024 (20 minute delay)

WBT (ASX) Chart