Compare the following charts.
2019 Daily - on 2nd May 2019 got above 100ema after 20 months trending down. SP 2.6c bottom to 5.3c in a week. Retraced to 50ema at 3.5c & within 6 months SP was 15c & after 12 months SP was 24.5c. 24.5c / 2.6c = x9.4 in a year. MACD crossed over into upper half.
2023 Daily - on 6th July, 2023 got above 100ema after approx. 25.5 months trending down. It appears SP could double again from 11.5c bottom to 23-24c where 200ema awaits as resistance. Retraced to 50ema in 2019 so may do the same again & retrace to around 16c allowing more buyers to enter. MACD crossing over into top half.
11.5c x 9.4 similar to 2019 = $1.08 in 12 months. Note that past performance is not indicative of future performance. Anything can happen.
I am expecting about x5 upside from 11.5c low = 57.5c SP in 12 months. Approx. $550M MC / $110M revenue allowing for 10% YOY growth = x5 multiple. At lower end approx. $330M MC / $110M revenue = x3 multiple equates to 35c SP. Current multiple is x1.74 & was a ridiculous x1.08 at 11.5c SP.
At $1.08 SP similar to 2019 rise the MC will be approx. $1B / $110M revenue allowing for 10% YOY growth = x9 multiple.
During peak SP at around $1.60 in May 2021 MC was about $1.5B / $15.5M TTM revenue = x96.8.
From x96.8 TTM at high end to x1.08 at low end it appears to be mean reverting.
A chart is simply a reflection of emotional investor behaviour.
- Forums
- ASX - By Stock
- Betmakers Chart
Compare the following charts.2019 Daily - on 2nd May 2019 got...
-
- There are more pages in this discussion • 194 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BET (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.0¢ |
Change
0.005(5.88%) |
Mkt cap ! $86.86M |
Open | High | Low | Value | Volume |
8.5¢ | 9.3¢ | 8.5¢ | $171.5K | 1.935M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5264 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 125500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5264 | 0.087 |
1 | 25000 | 0.085 |
1 | 57471 | 0.083 |
4 | 270459 | 0.081 |
10 | 193979 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 125500 | 2 |
0.094 | 56202 | 2 |
0.095 | 255500 | 2 |
0.096 | 36000 | 1 |
0.097 | 8880 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |