5GG 2.63% 3.7¢ pentanet limited

To add something more I just added to my holding here after...

  1. 18,458 Posts.
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    To add something more I just added to my holding here after noticing the price had reached lowest since launch.
    ….Which - based on my past experience - is no indication it will not fall lower.

    My logic - such as it was is;
    -currently the market is one that many are cashing out of, and Pentanet is NOT an exciting company in the near term in regards potential for ‘zoomies’.
    - But it seems solid
    - Maybe it is being hit particularly hard by the selling of some/all of the 12m shares that came out of escrow late last year plus stop losses?
    … Also IPO investors (25c a share ?) are still well in profit and might be heading for greener pastures? (Ouch that’s a lot)
    - BUT there will be a base from which the price will turn around (I hope) and maybe I should have waited till then except I am impulsive and hope others with deeper pockets and analytical skills will see value and start buying too.
    -Market Cap $86.07M (at 40c a share) and last quarter it had ~$29m cash [quarterly results 27.10.21] minus $4m since then, invested in Canopus.​

    I think/hope the price will turn round if all goes as management hopes.

    cheers
 
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Last
3.7¢
Change
-0.001(2.63%)
Mkt cap ! $16.02M
Open High Low Value Volume
3.8¢ 3.8¢ 3.6¢ $3.388K 91.55K

Buyers (Bids)

No. Vol. Price($)
3 254717 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 104254 2
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Last trade - 15.55pm 09/08/2024 (20 minute delay) ?
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