This is my take..
Many companies conduct a Capital raising when money is becoming tight.
PBH has very little debt and pre raising had $144 million in cash
They are now raising over $300 Million and partnering with a household television company in the USA.
The USA growth story is the holy grail of ASX stocks.
If it pulls back to the price a week ago , Im fine with that
Same price but a huge amount of cash and a partnership with a USA sporting broadcasting institution
The USA growth story is humming along.
Sit back, be patient and enjoy the ride guys
This is my take.. Many companies conduct a Capital raising when...
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Last
68.0¢ |
Change
0.015(2.26%) |
Mkt cap ! $225.3M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 68.0¢ | 65.0¢ | $320.0K | 483.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6026 | 65.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 157558 | 3 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PBH (ASX) Chart |