Australian (ASX) Stock Market Forum

SBW - Shekel Brainweigh

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I’m no expert, and was hoping @tech/a could weigh in, but I think he might be mad at me.

Looks like the resistance at 22 has turned into support. Again, we need a proper technical analyst to confirm.
 
tech/a said:
No Verce not at all.

Saw this then promptly forgot where I saw it so never got back to you.
Ill have a look later.

Just had a quick look
I like the chart
Will expand later.
Click to expand...

You sir are a gentleman and a scholar! Thank you. Appreciate your insight. I mean that sincerely, and I nonetheless apologise for coming across too arrogant back in the TNY days. I like to think I've learned a bit since then.

Speaking of SBW, I noticed at the end of the day (post 4PM) a big order for 250,000 got put up. Seems very interesting. Was that you?!
 
verce said:
Appreciate your insight.

Speaking of SBW, I noticed at the end of the day (post 4PM) a big order for 250,000 got put up. Seems very interesting.
Click to expand...
just as likely as not it may be gone tomorrow before trading. Don't try to over interpret these actions. The actual trade is the story. ....
IMHO, the firming up on the buy side is positive, over the short term. It will still be news that determines the direction (clearly I'm not a TAer)
 
Dona Ferentes said:
just as likely as not it may be gone tomorrow before trading. Don't try to over interpret these actions. The actual trade is the story. ....
IMHO, the firming up on the buy side is positive, over the short term. It will still be news that determines the direction (clearly I'm not a TAer)
Click to expand...

I guess the real test will be if it still remains there tomorrow morning. Kind of came out of left field.
 
Dona Ferentes said:
just as likely as not it may be gone tomorrow before trading. Don't try to over interpret these actions. The actual trade is the story. ....
IMHO, the firming up on the buy side is positive, over the short term. It will still be news that determines the direction (clearly I'm not a TAer)
Click to expand...
En contrare, monami.
Je ne suis pas d'accord.

Am not going to preempt the Duck, but I think his interpretation will relax some of us...o_O
 
Dona Ferentes said:
just as likely as not it may be gone tomorrow before trading. Don't try to over interpret these actions. The actual trade is the story. ....
IMHO, the firming up on the buy side is positive, over the short term. It will still be news that determines the direction (clearly I'm not a TAer)
Click to expand...

And just like that, the bid is gone. Once again you are right. How bizarre of someone to do that.
 
It is what it is.

COI 15.gif


On the weekly it may have a test of 30c but I doubt straight away
Would have to be some compelling Fundamentals to push this.

COI 16.gif



Im not feelin it.
 
tech/a said:
It is what it is.

View attachment 108299

On the weekly it may have a test of 30c but I doubt straight away
Would have to be some compelling Fundamentals to push this.

View attachment 108300


Im not feelin it.
Click to expand...

Thanks @tech/a love your work.

As for SBW today, seems like a few people are nibbling in interest. Will this trend continue next week?

Expecting Half-Year results on Monday. Whether that is before open, or after close, time will tell.
 
verce said:




Encroaching on Google, Microsoft and Amazon cloud services is a bold strategy. Hope it pays off.
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Just following up with a post to verify entry into the September comp, as per Joes request.

Shekel’s Visual Recognition Platform embedded with Edgify’s machine-learning training framework is the world’s first cloudless software that automatically recognises products, including fresh produce, at a retail self-checkout.

This ~30 million AUD market cap company allows retailers to bypass expensive cloud services from Microsoft, Google and Amazon.

Sending data to the cloud is a very costly process with the Google Cloud Platform charging 1,000 stores more than US$7.2 million in cloud computing power per annum.
 
Thanks @tech/a

I'm looking forward to the results today. I try not to get excited about companies too much, because that always feels like irrational exuberance to me, but I can’t help but be excited about the future potential here.

The core scales business is what drives the revenue (and possibly profit?) we will see today (subject to COVID impact), but the innovation division is where the real multi-hundred million market cap potential resides. That will take a few more months/years to play out. I think most people are buying for the fully autonomous frictionless retail technology which comes with a huge addressable market. That’s still being undervalued in my humble opinion. No dollar figures on that yet, but we can guess it will be big one day.

Considering there are quite a few ASX listed tech companies with over 100 million market cap and no revenue, I don’t see why SBW couldn’t move past ~30m market cap.
 
There is an old adage.
Buy the rumor and sell the fact.
Often sharp rises precede earnings reports.
So I wouldn't be surprised to see supply entering before The report.
Currently today's volume exceeds Thursday and Fridays.
Moving along nicely now but be aware of tell tale signs.
Only about $84000 traded so its not a lot.(300,000 approx).
 
tech/a said:
There is an old adage.
Buy the rumor and sell the fact.
Often sharp rises precede earnings reports.
So I wouldn't be surprised to see supply entering before The report.
Currently today's volume exceeds Thursday and Fridays.
Moving along nicely now but be aware of tell tale signs.
Only about $84000 traded so its not a lot.(300,000 approx).
Click to expand...

I agree and I fully expect some kind of pullback or panic selling, which will be amplified by the low shares on issue and Top 20 owning 90% of the stock. This liquidity can cut both ways. Hopefully the dip isn't too violent.

That being said however, I do think based on the countless hours of research I have conducted, over the last few months, that this will be going much higher in the medium to long term.

Due diligence is essential with these kind of illiquid microcaps - most are just pump and dumps with no fundamentals.

Just my $0.02
 
The priority for the remainder of 2020 is to continue to ensure adequate liquidity for the company to enable it to thrive in offering autonomous shopping solutions for the future.
Click to expand...
pretty ordinary
 
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