@alwaysgreen the recent price action is probably reflective of the fact that WBT is finally about to be commercialised (or "productized" as Coby likes to say). Makes sense that the SP is going up a bit. But I have trouble with the term "pricing in" the Tier 1 - this makes it sound like the current share price / market cap is reasonably taking into account a Tier 1 partnership. It is not. The share price was a lot higher years ago, with half the progress and ten times the risk. There is no reasonable, objective, or in my view rational, market valuation of WBT occurring yet. Basically the share price can go anywhere at the moment for no good reason. Yes bots, traders, people who need money, people who are scared, may well drive the price down after the next big announcement - they will be a very small minority who are not representative of the majority of shareholders, or the worth of the company. This is how it works with early stage companies, particularly in sectors that are not understood by the Aussie market. The flood of institutional "smart" money will come once everything is proven and safe. The "follow the herd" normal person money will come when WBT is a household name. I'd say current investors are very lucky, somewhat insightful, early adopter investors who have been given the opportunity of a lifetime. IMO if WBT's actual qualities and achievements, as well as upcoming commercialisation, disruptor potential and an imminent Tier 1 signing were actually "priced in", we'd be worth circa $1.5b to $2b right now.
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@alwaysgreen the recent price action is probably reflective of...
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Last
$2.70 |
Change
0.320(13.5%) |
Mkt cap ! $497.5M |
Open | High | Low | Value | Volume |
$2.40 | $2.73 | $2.40 | $3.507M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5514 | $2.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.56 | 1326 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5163 | 2.700 |
3 | 5067 | 2.690 |
2 | 5966 | 2.680 |
3 | 1081 | 2.670 |
3 | 6655 | 2.650 |
Price($) | Vol. | No. |
---|---|---|
2.620 | 1 | 1 |
2.720 | 8088 | 4 |
2.730 | 6774 | 3 |
2.740 | 15789 | 4 |
2.750 | 52537 | 5 |
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