Then we raise more capital and triple the shares on offer from approx 1.5 billion to 4.5 billion shares which then gives a pre GFC high of 90c (as we tripled the shares on issue so 90c is a third of the pre GFC high of $2.72).
Then we do a 10 for 1 share consolidation so that would give a pre GFC high of $9.00 (90c x 10), not the $27 you refer to. If I am right the drop is from $9.00 to 68c, not $27 to 68c
So if I am right if we hit those dizzy highs again we would be aiming for $9.00. Of course we now have little to no debt so with interest savings of say $70-$80 million per year hopefully this would help our earnings and perhaps push the shareprice to a potential of $10 per share at pre GFC levels.
Happy to be corrected or have someone explain those figures better
Geoff
BLY Price at posting:
$3.77 Sentiment: LT Buy Disclosure: Held