Not enough for the market SP down by more than 4% @ around midday.

I think it's a bit of a case study in market psychology. BIO has telegraphed a lot over the last few months with various announcements and presentations. That will usually flush out a lot of incremental buyers – in BIO's case to the point that in the short/medium run without any meaningful upgrade to the 2027 trajectory everyone who wanted to buy shares likely has. And so the price falls. The price action also, imo, suggests there are quite a few weak hands sitting in the stock and it could be watch out below if BIO ever come up short for a quarter/half etc.

@UlladullaDave, yes that makes sense to me. I think that’s a general problem with very promotional management . You get an unstable, retail register.

That’s not relevant to my thesis. I’m buying a business, and so don’t care what other shareholders do as long as the business performance remains on track.

The key I am looking for is how international revenues scale, so I think I have to give this one a couple of years to see.

@UlladullaDave BIO down Circa 8% at midday today.

I wonder with the 2027 vision and reports indicating that all is on track, there will be little for the market to get excited about, unless as you say "Bio ever comes up short". It will be interesting to see if management do any buying at these levels and if FY revenue guidance turns up shortly as predicted by @mikebrisy.

Hi @Arizona Management are in a blackout period so they can't trade.

I question how much more guidance they need to give and how useful it is at this point. You can already see plenty of fatigue in the price action. The share price has fallen ~50% from where it got to a few months ago. Saying the same thing over and over again will produce diminishing returns for the reason I gave above: ie whoever wanted to buy on that information has already done so.

But if you have bought based on fundamentals, then it shouldn't matter what the market price is – worst thing you can do is buy on fundamentals and sell on technicals, or vice versa. If you bought because you chased momentum then you should have sold a while ago. It still looks wildly overpriced to me, but I'm a cheapskate.

@UlladullaDave I wasn't across the blackout - so thank you

Being a Cheapskate is the only way to be.

A case study in Psychology, it is that. I have been focused elsewhere lately. I'll put some thought into my take on BIO.