Yes madmark01,
A few of us here believe there is significant upside from here at current prices.
If you look at the shorts they have had a great run over the last 12+ months but to open new short positions now at 20c would be the equivalent to buying BET at $1.50 expecting significant upside. There are better short targets in the market now based on BETs current valuation, new exec chairman and renewed focus towards a cash flow positive business model capitalising on the large investments the company has made over the last few years.
Anyway, all will be revealed in the next two quarterly reports to see the progress of right sizing the cost base and revenue run rate increase. Its going to take some time. There has been a line drawn in the sand by Matt and he has the industry knowledge and most importantly huge skin in the game.
It will also be huge on his CV if he can take this business to cash flow positive on a consistent basis from here.
#BUYBET
#GETSET
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Last
8.4¢ |
Change
-0.005(5.62%) |
Mkt cap ! $81.06M |
Open | High | Low | Value | Volume |
8.7¢ | 8.7¢ | 8.3¢ | $169.8K | 1.992M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 190229 | 8.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 149442 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 190229 | 0.084 |
1 | 350920 | 0.083 |
4 | 282585 | 0.082 |
4 | 177358 | 0.081 |
13 | 4164358 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 149442 | 4 |
0.093 | 58888 | 2 |
0.094 | 95966 | 1 |
0.095 | 94311 | 3 |
0.096 | 400000 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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BET (ASX) Chart |