"Materialreduction in growth activities in FY21. To this end, it expects to reduce growth investment in FY21 by up to30% relative to prior planning" often means the same thing.
They are not doing this because they are not sure if they can sell the oil and Gas, its being done to preserve cash whilst Oil prices remain low and is the smart thing to do right now.
"Expected to be sold... But has not been sold... If a client does not want the gas what position does that leave BPT in"
By FY20/21 things will likely be back to normal so that's a pretty stupid comment saying it has not been sold yet when it relates to the next financial year and not this one.
This was a positive announcement and shows solid management of the current situation so you really need to come up with something better than that if your trying to weaken the share price so that you can buy back in at a lower price.
Ann: Business Update, page-8
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Last
$1.26 |
Change
0.010(0.80%) |
Mkt cap ! $2.845B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $4.315M | 3.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 60798 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 213379 | 28 |
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| Last trade - 13.50pm 03/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |