IMU

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So what is your plan @fourdollars, are you waiting to buy back...

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TheChosen

396 Posts.

188

09/01/24

23:59

Post #: 71801944
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Originally posted by fourdollars: ↑

@Footmax

All good. But just to correct a couple of points in your post:

The fall from around 60 cents coincided with the fall in the share markets (mainly) with the arrival of COVID.

Not true. When covid hit, IMU fell from around 3c to 1.5c (and this was after the 6c capital raise). The rise from 11c to over 60c happened after covid had been around for a year. The rise was based on interim HER-Vaxx results and the spruiking of Leslie and Paul about its attractiveness to BP. The fall from 60c occurred after we had a vaccine for covid.

The fall in the sharemarket did have an impact on many companies, but the good ones have recovered. I actually posted the chart below on the CHM board to highlight the difference between biotechs headed by talented, reasonably-paid executives vs a Hopper company. As you can see, the biotech (CU6, in orange) which is also at Phase 2 with oncology treatments, floated right into the sharemarket downturn, but has since recovered and is at all time highs. Even accepting a degree of FOMO associated with IMU getting to 60c - shall we say it should only have gotten to 30c? - IMU has performed abysmally.

Yes, the CR's were a big factor as was the constant sell down by institutional groups who arrived when IMU entered the ASX200. Not sure that the BOD had much to do with the drop in SP (other than the CR's).

That's a big "other than", especially since the institutions that kept selling down discounted shares were introduced by the BoD (well, Paul).

Agree, we all want IMU to excel, I just can't see it happening with the current management team, hence my posts.

Peace out.

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So what is your plan @fourdollars, are you waiting to buy back in? Or just following out of curiosity?

IMU Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $356.9M

Open	High	Low	Value	Volume
5.0¢	5.0¢	4.7¢	$2.298M	47.86M

Buyers (Bids)

No.	Vol.	Price($)
5	1925982	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	3452098	12

View Market Depth

No.	Vol.	Price($)
5	1925982	0.048
33	4297134	0.047
47	3841303	0.046
53	6064000	0.045
11	2329545	0.044

Price($)	Vol.	No.
0.049	2620667	8
0.050	2639213	14
0.051	6431004	11
0.052	2071350	7
0.053	418882	5

Last trade - 16.10pm 27/09/2024 (20 minute delay)

IMU (ASX) Chart

So what is your plan @fourdollars, are you waiting to buy back...

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So what is your plan @fourdollars, are you waiting to buy back...

Top Stories

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The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News

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Sellers (Offers)

Featured News