I did quite a bit of research on PBH before buying lately, the cash in the bank and expansion into markets particular in Canada and New York position it to be a betting powerhouse...It does appear some takeover activity on the cards, i believe averaging down every time it hits a new low is a winning strategy, ask me again 6 months later.
The fact is there is a limit to how far it can fall given the bank balance, having raised money at $10 and $8. This is how I made money on GXY as well, when the games are being played, just keep accumulating.
Shareholders only going to get 'burnt' if your average buy price remains around $10 etc. Current market cap is peanuts, this is the stock I am most optimistic about going forward. Just got to wait for hit to hit my targets before pulling the trigger on more buys.
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Last
65.0¢ |
Change
0.040(6.56%) |
Mkt cap ! $215.3M |
Open | High | Low | Value | Volume |
61.0¢ | 66.3¢ | 59.5¢ | $2.312M | 3.646M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6520 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
66.0¢ | 26200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6520 | 0.650 |
1 | 46870 | 0.640 |
1 | 1300 | 0.610 |
1 | 4000 | 0.605 |
3 | 2440 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.660 | 26200 | 2 |
0.665 | 24426 | 1 |
0.670 | 26291 | 2 |
0.675 | 15993 | 1 |
0.680 | 2217 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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PBH (ASX) Chart |