Unfortunately there is a significant amount of downside in the SP until the next reporting season or indeed some sort of favourable announcement.
On Sept 04 Morgans downgraded their price target from $0.67 to $0.60 on the back of the disappointing FY18 loss. Their target price on June 06 was $0.82.
They maintain a HOLD rating on BUB as they have since initiating coverage on November 27, 2017.
Time to decide to cut my losses or put them in the bottom drawer and hope they can start to make a profit. I am not sure there is enough available product for significant profits to be realised in the short term but would be happy to be proven wrong!
More Pain Ahead For Share Price.
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $120.4M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $256.3K | 1.900M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 223077 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 1119848 | 32 |
View Market Depth
| Last trade - 11.09am 05/07/2024 (20 minute delay) ? |
| BUB (ASX) Chart |