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5.36%

29.5¢ beamtree holdings limited

Good pick-up. One would also say very top heavy.... To many...

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kris12123123

307 Posts.

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30/08/23

19:15

Post #: 69645882
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Originally posted by hackberry1949: ↑

There's another possible explanation for the drop in the share price this week. It appears to coincide with the end of the deferral period for 11.3 million shares issued as part of the Potential(x) acquisition at the end of August 2021. See this extract from their Investor Presentation released to the ASX...

Unfortunately none of the Potential(x) management team are still at Beamtree AFAIK... at least none are listed on the Beamtree website any more...

This suggests that any shares issued to these folks might be up for sale now, if they don't think the share price will recover in the near future.
It might also explain the big increase in share volume in the last few days since the release of the annual results. At 21 cents a share, they can get about one-third of the original value of the shares when they were issued.

Unfortunately, even at 21 cents per share, the company is still valued at about 2.5 times total revenue, and booked a net loss (after tax) of 6.5 million in 2023.

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Good pick-up. One would also say very top heavy.... To many chiefs and not enough Indians.

BMT Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 29.5¢		Change 0.015(5.36%)		Mkt cap ! $85.26M

Open	High	Low	Value	Volume
28.0¢	29.5¢	27.0¢	$198.9K	694.2K

Buyers (Bids)

No.	Vol.	Price($)
2	10000	29.0¢

Sellers (Offers)

Price($)	Vol.	No.
29.5¢	4396	1

View Market Depth

No.	Vol.	Price($)
2	10000	0.290
2	60220	0.285
5	92142	0.280
3	174208	0.270
4	73773	0.265

Price($)	Vol.	No.
0.295	4396	1
0.300	780300	8
0.310	103290	2
0.320	6000	1
0.325	23143	1

Last trade - 16.10pm 14/08/2024 (20 minute delay)

BMT (ASX) Chart