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Last edited 4 years ago
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#Management
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Last edited 4 years ago

01-Nov-2020:  Just on Coby Hanoch - Mr Hanoch has 15 years experience in engineering & engineering management and 25 years experience in sales management and executive roles. He was Vice President Sales at Verisity prior to its acquisition by Cadence Design Systems. He was also Vice President Sales at Jasper, doubling sales in 3 years before it was acquired by Cadence. As CEO of PacketLight, Coby helped steer the company away from bankruptcy. He set up a consultancy company, EDAcon Partners, which helps startups define their corporate strategies, set up their sales channel and raise capital.

Coby holds 532,672 WBT shares plus another 2,598,571 WBT options. Of their 6-member board, there are 3 other directors who hold more WBT shares than Coby, but he holds more options than anybody else.

He has been the Weebit Nano MD & CEO for just over 3 years and when he first took over, the share price rose from 40 cps to $1.92 in two months, but then got back down to as low as 23 cps in March this year (during the worst of the COVID-19 sell-off). Since the 10th August however, we've seen WBT rise from 30 cps to close at $1.50 on Friday (+400% in under 3 months). Clearly not for the faint-hearted this one!

Andrew (Strawman) interviewed Coby during the past week and the video is posted under the "Competition" tab here on Strawman.com, but be aware that the video containing that interview will likely be replaced within a week, just as the previous one was (which included an interview with AVA CEO and Executive Director Rob Broomfield - and the chat between Andrew and Icarus.  The current video (as of today at least) has the interview with WBT's Coby Hanoch starting at the 18:28 mark. 

The video is just below the leader board containing the "Top 5" players in the Strawman Classic.  The sound default setting is mute "on", so to hear what they're saying you'll need to locate that mute button (looks like a speaker with or without an "x" on it) which is next to the play/pause button in the bottom left corner of the frame, and click it so that the "mute" feature is "off" (i.e. no "x" on the speaker icon). The volume control bar is to the right of the mute button.

#Broker Reports
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Last edited 5 years ago

31 May 2019 update on Weebit Nano - from State One Stockbroking, titled "Share overhang out of the way":  http://www.stateone.com.au/Download/Download?file=WBT_20190531.pdf&downloadType=PUBLICATIONS

#Broker Reports
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Added 5 years ago

24th October 2019:  WBT – a “Cinderella” semiconductor stock  by David Brennan at State One Stockbroking.

  • Share Price:  A$0.37  ($0.385 on 25-Oct-19)
  • Target Price:  A$1.40
  • Target Upside (from 37c): 278% (or 264% from 38.5c)
  • Recommendation: Speculative Buy
  • Risk Assessment: Higher 
#Broker Reports
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Last edited 5 years ago

State One Stockbroking has updated their clients with their current call on Weebit Nano (WBT) after their share price fall of ~43% to 36cps (when they penned this update on March 20th, 4 days ago) from pre-25:1 share consolidation price levels of 63cps on 13 February this year (6 weeks ago).  See here for their update.  

While the market may be discounting a potential share-overhang caused by the upcoming (31 March 2019) release from voluntary escrow of 10m shares largely belonging to two of the group’s biggest seed investors, State One suggest that in the absence of negative underlying business news, the sell-off is overdone.

They maintain a Speculative Buy (Higher Risk) recommendation on WBT with a Target Price of $1.42, some 274% above the 38 cents that WBT closed at on Friday.

#Broker Reports
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Last edited 5 years ago

For a free copy of a broker report on WBT (Weebit Nano) from State One Stockbroking - see here.

That is one of the free broker reports that the ASX sends out links to every Friday afternoon in an email to everyone who subscribes to that service.  To get on that list, click on the link below:

http://www.asx.com.au/prices/asx-research-scheme.htm