I think price has reached it’s bottom and will move up but buy...

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Singhg51

2,666 Posts.

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08/11/20

18:31

Post #: 48721357
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Originally posted by hamburglaar: ↑

Non holder here. I’ve held BUB in the past and I’m keen to jump in again as I think the long term looks promising.

Is mid 60c a good buy or will there be more downside is what I’m trying to figure out.

My short-medium term concerns are:

1. Struggle to see how Q2 sales rev is going to be any better than Q1, if not worse and this is simply a consequence of Covid. No amount of above or below the line activity in AU is going to backfill the lost diagou sales. Fixed overheads that come with a manufacturing asset remain regardless of the sales line will bite

2. The timing of the vits and sups entry wasnt great IMO, although I’m sure work began on this project well before Covid. I can see how the BUB brand extends into this space, although ensuring this play is successful will be costly and another capital raising exercise cant be far away

In terms of the positive and why I’m considering jumping back in.... domestic AU foundation is well established with compete ranging across the majors, manufacturing partnerships with Bega and Fonterra and a company owned asset is in place. Crazy to think that before this was the case the SP managed to hit $1.50! Talk about ‘buy the hype’. Sooner or later the Chinese students will return and the flights will recommence. Will that recovery begin in 2021?

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I think price has reached it’s bottom and will move up but buy few thousand shares initially and top up if it drops to be on safe side.

BUB Price at posting: 66.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $142.9M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.5¢	$117.9K	737.1K

Buyers (Bids)

No.	Vol.	Price($)
6	201984	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	740463	23

View Market Depth

No.	Vol.	Price($)
21	1238522	0.155
29	1550225	0.150
15	1491844	0.145
16	418056	0.140
6	218407	0.135

Price($)	Vol.	No.
0.160	395321	25
0.165	726563	22
0.170	2773292	33
0.175	952290	17
0.180	761940	19

Last trade - 10.24am 25/06/2025 (20 minute delay)

BUB (ASX) Chart

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