Yeah I just had a look. Reg needs to hit at LEAST 35c by end of FY26 (~Aug 2026) so its about 2.5 years away. Which I think if Bubs can consistently hit their goals and most importantly become profitable, then I think 35c is well within reason. I actually thought it was too low, the actual target that he is aiming for is 50c. Which I think is still too low, considering that the largest shareholder C2 Capital bought their shares at 60c a share. I was thinking the target should be at least 60c. Though thats just my 2c.
All that being said, signs of life are beginning to emerge. I am hesistant to say with complete certainty that he can turn this around, and break even before he runs out of cash. Though I am quietly hopeful that he can pull this off. As my break even price is about 59c as well.
Lets hope the guy they've got running China can get that ship moving ASAP. He should be good considering C2 Capital (a private equity firm) hired him expressly for his china e-com experience.
(Though then again C2 Capital invested in Bubs and got burned horribly... so unsure about their eye for good investments haha)
Yeah I just had a look. Reg needs to hit at LEAST 35c by end of...
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Last
14.5¢ |
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Mkt cap ! $129.3M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $218.8K | 1.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1163865 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 15.0¢ | 1553235 | 27 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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14.8¢ |
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| Open | High | Low | Volume | ||
| 14.8¢ | 14.8¢ | 14.5¢ | 375198 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BUB (ASX) Chart |