I think once we get an interest rate cut, we're going to see a substantial amount of liquidity enter the market and BOT will be a major beneficiary of this.
We have a product and launch occuring at the perfect time and likely to align with interest rate cuts which I personally think are coming just before or during US elections and will reverberate around the world* with other monetary orgs like RBA following suit.
Plenty of money will flow into companies but BOT represents so much value from here. I would not be surprised to see this at a billion dollar market cap within the next 1 - 3 months.
We've seen banks cut interest rates on term deposits, just this last week or so, we've seen the likes of Macquarie drop fixed rates to as low as 5.79% with other majors also reducing certain fixed rates by anywhere from 0.10 - 0.50 basis points.
As funding pressures ease, we're going to see a lot more money re-enter the markets.
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $608.8M |
Open | High | Low | Value | Volume |
33.5¢ | 34.3¢ | 32.5¢ | $1.200M | 3.588M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 349093 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 25403 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 333942 | 0.330 |
10 | 854807 | 0.325 |
10 | 499198 | 0.320 |
9 | 424099 | 0.315 |
26 | 895152 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 25403 | 5 |
0.340 | 409008 | 9 |
0.345 | 427139 | 8 |
0.350 | 423142 | 11 |
0.355 | 364833 | 3 |
Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
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Charles Armstrong, MD & CEO
Charles Armstrong
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