Tend to agree, anything that doesn't have a solid earnings and/or dividend base is likely to continue to see a correction in the short-mid term. For businesses burning through cash the impact will be worse still.
There is a scenario where I would hold this as a speculative hold (where market cap is far lower than current assets less total liabilities and I believed credit and monetary cycles were about to begin loosening phases) but it would have to be a compelling bargain far lower than current price.
Tend to agree, anything that doesn't have a solid earnings...
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $164.0M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 48.0¢ | $108.5K | 220.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6479 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 30917 | 4 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PBH (ASX) Chart |