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4.55%

4.2¢ bio-gene technology ltd

Kind of agree. Good story yet long term play for traders. Just a...

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wubing

4,109 Posts.

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24/05/18

10:54

Post #: 33286769
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Originally posted by Anton Chigurh ↑

Having an Ag background, this one piqued my interest at IPO but just hung back as I thought it was priced a little too expensive (relative to an ASX investor base, who wouldn't understand/appreciate the work being done).

Huge R&D spent each year on discovering the next generation of pest and crop agents. The main issue in this industry is lead times from R&D and trials to commercialisation. I liken it almost to the pharmaceutical industry because change takes a long time. But as with techs/bios, we don't need to see revenue ticking in to make money.

Anyway, bought an opening parcel to have some skin in the game, will add a few more on any weakness and be watching how that escrow (and any tax loss selling) is managed in a week's time. Shaw and D2MX just slaughtering the stock atm. Difficult and almost silly for a LM or interested parties to step-up on-market when the selling is so motivated, only issue is it can make it hard to rally on the way back up.

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Kind of agree.
Good story yet long term play for traders.
Just a very small skin here and there to gamble for a future. Not suitable for trading and technically not really set up.
IMHO

BGT Price at posting: 12.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.2¢		Change -0.002(4.55%)		Mkt cap ! $8.859M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.2¢	$840	20K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	12495	1

View Market Depth

No.	Vol.	Price($)
1	8563	0.044
1	100000	0.039
1	118000	0.038
1	120050	0.037
1	64000	0.029

Price($)	Vol.	No.
0.048	30000	1
0.053	11511	1
0.054	59999	2
0.055	118498	1
0.061	225000	2

Last trade - 16.10pm 02/12/2024 (20 minute delay)

BGT (ASX) Chart