I wish all holders good luck but I'm out for the time being, took my chance to exit at 80c this morning. The ridiculous high value/low multiples in solid producers, made me do a risk reward rethink and I have re-allocated funds to NST. This is trading on 3.5 x forward guidance on 21/22 free cashflow at todays prices. That's just crazy cheap for a stock that used to demand a premium, and even has a small 2% dividend.
I know BGL is probably also cheap at present, but recent events didn't sit well with me and I don't think the June stage 2 FS will be anything amazing (better but not hugely so). I think its best shot at a significant re-rate in the next 6-12 months is a takeover bid but I'm not willing to wait around to find out, whilst other low risk high reward opportunities pass me by. If I had spare funds I would have kept a small BGL parcel to stay in the game but I don't, so for the time being I wish you all well.
Ann: Bellevue Succeeds in Court Hearing, page-43
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.97 |
Change
0.005(0.25%) |
Mkt cap ! $2.319B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.98 | $1.94 | $4.322M | 2.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24632 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 56826 | 16 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |