Think some need to calm the farm here - keep composed and evaluate the unique nature of what Neuren have.
NEU has a strong balance sheet: at times like this, that is king. We have enough cash to last 2-3 years from quarter end, if required;
We are late stage with clear path to becoming profitable without the need to raise again, or partner in uncertain environment; and
Our partner ACADIA has around A$1 b in the bank.
Future CF and f/cast revenue is unchanged: We have unchanged demand - Covid19 doesn't cure Retts and/or FXS.
Companies with the attributes above will rebound fast and hardest when financials markets recover and they will.
At ~-70% from the recent 2020 high are we at the bottom ? Well that probably depends on the liquidity requirements of the register vs demand; but at around $85m EV we are in the zone to accumulate for sure.
Think some need to calm the farm here - keep composed and...
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Last
$15.57 |
Change
-0.040(0.26%) |
Mkt cap ! $1.990B | |||
| Open | High | Low | Value | Volume |
| $15.83 | $15.87 | $15.20 | $8.124M | 524.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 64 | $15.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.58 | 597 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| NEU (ASX) Chart |