Lending stock to short isn't the issue.
A bottom hasn't formed yet. 15C is another key support that really needs to hold! Historically the RSI was responding to the weekly 20+ measure and we are not there yet.
Unfortunately management was caught with issues of profitability at the least favorable time on the global macro issues. The last check a week or 2 ago suggest that BH were still attracted to the coupon rate and bid the price up to 8% yield at the time.
I don't put much faith in the next 3 months as we adjust to a new normal where consumer based could be forced to stop spending besides buying food necessities and make it at home to consume. I have never come across the panic buying and it isn't an Ozzie thing but GLOBAL.
Good luck to those holding and I have seen good companies destroyed by forces outside their immediate control.
Good News & Bad News, page-4947
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Last
$3.01 |
Change
0.050(1.69%) |
Mkt cap ! $9.059B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.04 | $2.96 | $47.61M | 15.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 168080 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 137639 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |