As night is day stock will go back to its bare cash value and that’s not ramping down it’s just fact for this industry. There is nothing in the company will be able to do until significant profits are made which I believe, if the company survives will be at least two years.The stock value will obviously depreciate as cash balances dwindle and I believe unless something drastic is done right now e.g. no more expansion and getting out of the US market little hope is seen for survival.Unfortunately for PointsBet are just in the market at the wrong time where cash is king and nobody will buy stocks on any future promises.
I did not appreciate this when I brought it very painful lesson learnt. $2.20 by next week.
‘’my opinion only
As night is day stock will go back to its bare cash value and...
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Last
49.5¢ |
Change
0.025(5.32%) |
Mkt cap ! $164.0M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 49.5¢ | 47.5¢ | $207.2K | 424.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4084 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 40415 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PBH (ASX) Chart |