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22.5¢ beamtree holdings limited

Ann: FY23 Results Announcement, page-23

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840 Posts.

131

02/09/23

20:52

Post #: 69705679
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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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Where’s the ASX announcement for the issue of 11.3m shares? Your post seems premature….

BMT Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 22.5¢		Change 0.000(0.00%)		Mkt cap ! $65.03M

Open	High	Low	Value	Volume
22.5¢	22.5¢	21.5¢	$46.01K	206.1K

Buyers (Bids)

No.	Vol.	Price($)
2	27227	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	125244	4

View Market Depth

No.	Vol.	Price($)
1	22000	0.220
2	49965	0.215
1	6681	0.210
1	5004	0.200
1	16000	0.195

Price($)	Vol.	No.
0.230	129591	5
0.235	30188	3
0.240	28960	3
0.245	75000	1
0.250	55374	2

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