Appreciate your thoughts and just presenting a contrarian view. Unless I read the prospectus wrong (which is possible), the company will not announce more contracts because the capital raised is being used to fulfil existing orders only. Unfortunately sophisticated investors get it wrong too.
My personal view is that we will see this drift down to $2.50 - 3.00 and we may head back up to the IPO price if the company can pursue growth in FY24 onwards
Appreciate your thoughts and just presenting a contrarian view....
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Last
$4.93 |
Change
-0.060(1.20%) |
Mkt cap ! $566.8M | |||
| Open | High | Low | Value | Volume |
| $5.00 | $5.02 | $4.59 | $1.465M | 300.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 25385 | $4.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 792 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| C79 (ASX) Chart |