Doesn't help when all the brokers hate the stock because it'll never need to raise capital. Brokers only tend to pump companies at this end of the market if they think they can screw them over in a cap raise, and therefore write positively to get preferential treatment when they do raise. Alternatively a company must either pay for coverage, or be sufficiently large whereby clients expect the company to be covered by their broker (often they still get a bit of $$ to be nice).
Buyback is currently halted due to the current blackout period, I would like to assume though that they will resume it off the back of excellent results to sustain a nice rally in the lead up to the AGM (if they haven't bought back a substantial number of shares by the AGM serious questions will most certainly be raised).
It's definitely frustrating though, even though I definitely believe in the pipeline and see it as world changing (all people suffer from harms of the sun, but equally benefit from being in it as well), I wouldn't be invested if they weren't printing cash. It's easy to sit on this with little communication though given they do provide us with that consistent and strong cash flow generation, if nothing else eventuates at least we have ourselves a money printer rather than a money burner. Words can be pretty loud but money is the loudest. Of course if they execute on the pipeline, we'll all be spending our winter's in Mallorca sitting by the sea never needing to work another day in our lives
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Doesn't help when all the brokers hate the stock because...
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Last
$13.80 |
Change
-0.400(2.82%) |
Mkt cap ! $695.0M |
Open | High | Low | Value | Volume |
$14.00 | $14.00 | $13.73 | $418.5K | 30.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 100 | $13.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.83 | 98 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14 | 13.790 |
4 | 231 | 13.780 |
4 | 182 | 13.770 |
3 | 170 | 13.760 |
4 | 421 | 13.750 |
Price($) | Vol. | No. |
---|---|---|
13.810 | 103 | 7 |
13.820 | 19 | 3 |
13.830 | 41 | 2 |
13.840 | 38 | 1 |
13.850 | 123 | 3 |
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