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37.0¢ botanix pharmaceuticals ltd

Sometimes the larger US companies, like Pfizer & Glaxo etc, take...

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LuckyAngel

95 Posts.

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21/09/23

14:02

Post #: 69958539
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Originally posted by TheAnalyst007: ↑

I might not agree with the market's valuation of the FDA announcement, but that doesn't mean it isn't "priced in". The market is not going to be like "oh wow FDA approval I wasn't expecting that at all!"

Announcements like these are never huge catalyst events as everyone already sees them as highly likely. Indeed, someone here was saying it has a 90% chance of being a YES!! Rerates happen due to a shock that changes the market's view of things.

Imo the unexpected sales numbers will be this "shock" we need for a major rerate (I'm talking going from the cents to the dollars, not a little move from 20 to 25c). As the market begins to price this is (could be happening now) we will likely see the price rerate before these numbers are actually released. However the last thing we need is for a bunch of sheep to sell when they don't get the 500% return some people here seem to think we'll get for FDA approval (perhaps if you are counting from when this was at 5c when approval wasn't massively anticipated you may be correct)

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Sometimes the larger US companies, like Pfizer & Glaxo etc, take a small stake in Biopharma’s and it raises the SP substantially.

BOT Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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Last 37.0¢		Change 0.000(0.00%)		Mkt cap ! $671.1M

Open	High	Low	Value	Volume
37.0¢	37.5¢	36.8¢	$954.2K	2.577M

Buyers (Bids)

No.	Vol.	Price($)
3	89025	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	1729	1

View Market Depth

No.	Vol.	Price($)
3	89025	0.370
12	548226	0.365
14	230162	0.360
13	258707	0.355
34	1320408	0.350

Price($)	Vol.	No.
0.375	1729	1
0.380	344070	10
0.385	175000	2
0.390	100550	3
0.395	151300	3

Last trade - 16.10pm 08/10/2024 (20 minute delay)

BOT (ASX) Chart