target price > $5.10 - $5.75, page-25

Pikel: "Sell, Not Held" - your opinion and comments cannot be trusted because you have no skin in the game

So what changed?

- they still have the assets they had before. They have been revalued lower... This is quite understandable. Property is always overvalued by agents except in situations like this. Then the valuer become ultra conservative.
- dividend yield was around 1.5% (red flag) @ $15. Its now 8.8% based on 23c @ $2.6. If the yield is 5% @ $2.60 its a dividend of 13c (~50% of previous dividend). Oh no the sky is falling....
- If you can stay un-emotional you'll see nothing catastrophic really occurred - at least with today's info

However, something has happened that won't be discussed and in my view is very important when deciding whether to buy when there's blood on the streets - Taking Ownership of the Issue

Lets look at AMP. ASIC began investigating their issue in 2015... that's 3 years ago!!!! If AMP had taken ownership immediately, apologised, paid fines, sacked CEO's etc. it would be done and dusted and people would have forgotten about it by now.

THIS is what BLA has done. They have taken immediate ownership of the issue which is why I bought. This shows the company, even if they have stuffed up, is run well and I will always be more inclined to trust a company that immediately admits their mistake, finds a solution (which they have done), implements it (which they have done), and gets back to making money.