Good to see long suffering long holders being rewarded. If you remember the fall during GFC it went down from $2.71 to 6.8c - I am talking pre-consolidation price.
In post consolidation term thats equivalent to a fall from $27 down to 68c. I had my target at 80c pre-consolidation, which means $8 post-consolidation. But Krudd changed the landscape with his RSPT (which Gillard now calls MRRT) so I guess the 80c (or $8) target which I secretly held for some while seem too far-fetch now.
The current price $3.73 is still quite a bit below the high reached just before the cap raising announcement. I reckon if it ever reaches $5 (like brokers are now saying it would) I'd reap my harvest. Funny how during those dark days there were quite a few analysts as well as HC posters here calling it a sell at sub 20c, and now they call it a buy.
- Forums
- ASX - By Stock
- BLY
- more broker upgrades
more broker upgrades, page-9
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)