Yeah, I don't get this "priced in" talk at all. The market cap is back at where we were at a phase 2 trial... SB is at FDA approval stage...
"The price is x% higher today than x-months ago". Well no crap, it has recovered back to where it should be if we didn't get crap US results for acne. The share price was punished and stayed punished.
Anyway, I can't see a dollar sign in front of the share price, but judging by the "usual" results, hitting AUD 1B, or +/- a couple 100m either side of it seems like a reasonable outcome.
the only things I am really worried about is the board announcing a capital raise at the same time as the FDA approval is announced. I would hope they let in run a few days first
AND
Raising at a discount again...
Yeah, I don't get this "priced in" talk at all. The market cap...
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Last
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $393.7M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.5¢ | $823.6K | 3.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 292257 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 67065 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
0.005 ( 3.22 %) |
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| Open | High | Low | Volume | ||
| 24.5¢ | 25.5¢ | 24.5¢ | 1596484 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| BOT (ASX) Chart |