It’s always unpleasant to sit on paper losses but even more unpleasant to realise them, especially when there is absolutely no logical reason to do so. I cannot see anything about this company that has changed since their IPO other than seed investors taking profits and creating a buying opportunity for others. If BIO did their IPO at current prices they would be offering the business at around $10m pre-money - you don’t see offers like that often or at least I haven’t.
I think the drop in share price is just noise for now. I will be looking to the company’s fundaments. As far as I am concerned, nothing has changed
It’s always unpleasant to sit on paper losses but even more...
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Last
63.0¢ |
Change
0.055(9.57%) |
Mkt cap ! $135.5M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 63.0¢ | 59.5¢ | $809.2K | 1.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2050 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 90929 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BIO (ASX) Chart |