It was also relatively cheap vs sector and almost positive cashflow - which is why it has popped.
But it currently trades 17x price/sales ratio on 12c per share. it was cheap at 10x - now its just avg
the reason BID's been cheap for so long as because it earns v little per client.
It has 3000 data collection points in the US alone and still makes less than $5m per annum - this is after several years of business development
Imo i agree with another poster that it will probably get pumped to ~15- 20c on insiders/connecteds pushing the Billy rollout narrative
then it will swan dive for 6 months while it waits for revenues to catch up with share price
unless we see another small tech bull market like last year's.
or mgt can convince the market it is goign to get pricing power to allow it to generate a reaonable margin
when someone who already has $5.7m of shares buys $300k on market at double the recent price it isnt because they want to make money - its to sugar spike the stock
that doesnt mean it has to end here - but buyers from this point need to be wary they are starting to buy the froth not the cappucino imo
froth can still be good - but it doesnt last
BID Price at posting:
12.3¢ Sentiment: Hold Disclosure: Not Held
