YPB 0.00% 0.2¢ ypb group ltd

Key takeaways:- - Their cash burn rate has decreased, with a...

  1. 470 Posts.
    lightbulb Created with Sketch. 6
    Key takeaways:-

    - Their cash burn rate has decreased, with a substantial expenditure tightening
    - Signing contracts has taken longer than they expected, which is why they needed to raise capital
    - They still expect to make a profit in 2018 once new contracts are secured
    - Still in suspension due to pending announcement of "a significant strategic partnership"

    The cap raise, and the nature of the "sophisticated investors" it's going to, is still a bitter pill to swallow. It could be made palatable depending on this partnership, even better if they have another contract to announce when they exit suspension. If they do indeed achieve profitability & look like actually getting a growing share of the anti-counterfeiting market, YPB would remain a buy in my book. But right now, that's just words - they need to deliver. So far, what they've actually delivered is a highly dilutive CR to weak holders.
    Last edited by slipshod: 01/02/18
 
watchlist Created with Sketch. Add YPB (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $1.581M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $0 88

Buyers (Bids)

No. Vol. Price($)
3 1103393 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 14253414 24
View Market Depth
Last trade - 15.09pm 28/03/2024 (20 minute delay) ?
YPB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.