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$1.70 big river industries limited

IPO - Big River Industries Limited, page-15

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jin12345

2,694 Posts.

34

25/05/17

09:04

Post #: 24899085
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Originally posted by Mr Juicy ↑

Be careful with this one....

The formwork division is basically held up by 4-5 large customers who can and will walk at any time. There has been a lot of competition show up in the marketplace over the last year undercutting prices, margins are way down for suppliers trying to compete to keep their market share. Imported plywood is overtaking Australian made as quality has become substantially better and much cheaper. Once you discount it's very difficult to bring prices back, and Big River are heavily discounting in an attempt to eliminate competition.

Commercial division is not a big money maker either as it is so competitive and margins are very tight.

The Pidcock family sold out of the business 12-18 months ago and now it is being floated?? 75% of the proceeds from the IPO are being used to pay off debt and only 9% for working capital.

I will sit this one out, the only thing I would buy is puts! My opinion only though....

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I bought in IPO and Just sold out yesterday
Not bad for quick profit
Good luck
Dyor

BRI Price at posting: $1.78 Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last $1.70		Change 0.070(4.29%)		Mkt cap ! $145.1M

Open	High	Low	Value	Volume
$1.66	$1.75	$1.66	$410.9K	240.0K

Buyers (Bids)

No.	Vol.	Price($)
1	18127	$1.68

Sellers (Offers)

Price($)	Vol.	No.
$1.70	631	1

View Market Depth

No.	Vol.	Price($)
1	18127	1.680
2	11500	1.670
3	13900	1.650
1	500	1.620
1	621	1.610

Price($)	Vol.	No.
1.700	631	1
1.740	2084	1
1.750	25417	2
1.790	13700	2
1.800	40228	1

Last trade - 16.10pm 29/07/2024 (20 minute delay)

BRI (ASX) Chart