Market can be irrational sometimes but this is a significant announcement and smart investor can read through the numbers.. this business tide turned positive few quarters ago. I am certain Bub will report decent FY22 profit in August.
It turned operational cash flow positive; only last quarter reported cash burn but they clearly build up inventory for forward sale (working capital needs) now we know they have sold shit load so, those sale receipts will be massive and new growth market and that's not china..
This may turn into a success story from here on like A2M..
Lets see how this plays out on Monday.. exciting time for sure
BUB - US Exposure & The Current Baby Formula Shortage, page-88
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.3¢ | $337.9K | 2.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 77 | 4175379 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 425744 | 9 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| BUB (ASX) Chart |