Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Team, What's your most recent take on Bowen? Hard to understand what to expect here. Director's buying on-market, yet share price still falling. Shorter's still shorting? Feels like other's are betting against the successful execution of their recovery plan. SP is so low that if their wrong this is tremendously under-valued. Would like to know your perspective on these points as well as the risk-reward ratio. Thanks
Hi Phillip,
It is being priced as if the market believes they are short cash and are cum a capital raise. We don’t think that’s likely and agree with your comments above. That said, they have not executed well in the past which is compounding into the markets concern. Ultimately, as you say, if the market is wrong about this, the upside will be significant while the downside is now only 4.7c, making the risk/reward appealing for very high-risk investors who are comfortable with almost a binary outcome.
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