They know that the embedded market is small and WBT only get 2% of WBT reram's share of the market.
They also know that it takes two and a half years from signing up a customer for revenue to hit the books.
The embedded market is said to grow to $3.7b by 2030
Let's assume WBT gets 40% of that.
2% to WBT is around $30mUSD or $45mAUD
That's at full whack by 2030
So put your own multiple on that; 20x gives a SP of $4.80.
So shorts have all of the information they need and likely assume they will be able to cover in a CR in the next 2 years.
They don't need any nefarious inside information.
Discreet changes everything once the selector is done.
They know that the embedded market is small and WBT only get 2%...
Add WBT (ASX) to my watchlist
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Last
$2.42 |
Change
0.140(6.14%) |
Mkt cap ! $456.4M | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.46 | $2.30 | $2.410M | 1.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8912 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 15001 | 1 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$2.45 |
Change
0.140 ( 6.38 %) |
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| Open | High | Low | Volume | ||
| $2.31 | $2.46 | $2.29 | 158899 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| WBT (ASX) Chart |