Very good news. We now move from CMPs sweet spot, product...

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jellyroll

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04/12/23

15:07

Post #: 71259843
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Originally posted by afterlife: ↑

CMP is a very illiquid stock, there are around 177M shares of which Dr. D Burton the founder/CEO/Chairman has close to 100M
The top 20 SHs hold close to 8o%.

The free float is at the most 30M, those that are LTH will not sell at low prices as they are waiting for the IP that CMP has to eventuate and reflect
in the SP.

The huge fluctuations in the SP have more to do with trading low volume. hard for fund managers to get in or out with a substantial stake without kicking the SP to the extreme in both direction

Let's hope the good news of initial selling into the USA will be reflected in next year's bottom-line profit figures.

at 16c CMP was priced for a CR, before that in the last few years share price has fluctuated btw the bottom of 32c to the top of around 90c on 3 occasions.
it will take a big contract to get there again or a larger EBITDA/NPAT
one thing seems certain the downtrend has broken and could be the start of an uptrend

Good luck to all holders ( long at last)

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Very good news. We now move from CMPs sweet spot, product development to their weak sport commercialisation. I really, really hope they end up partnering SOMFIT in the US, if they do I am confident it can be very significant. If they try to go it alone with just a few extra sales people it will be additive but probably not a company maker. In my view Dr Burton is CMPs greatest asset and also its greatest liability.

CMP Price at posting: 25.0¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

1 Great analysis

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