The market cap is unlikely to go below the current cash level. unless they suddenly become deeply loss making the chance of imminent bankruptcy is very small. Further revenue growth and profits are expected.
So the current market cap is about 500mln aud. I suspect it will not go below 250mln because of cash.
maybe this is the Helmuth sell off? or is it shorters with another pull down. No clue when this will end and. Why the ASx does not request a clarification? Why cuv does not do any buyback?
Only significant good news can make a difference imho. Maybe closest is the EMA decision on posology. vitiligo sales are years away otc is a big question mark what, if and when or simply delayed again as everything clinuvel.
CUV Price at posting:
$9.90 Sentiment: Hold Disclosure: Held
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