boart sold on issue rip-off, page-11

Good point about the recent increase in share price. The underwriters have been pumping air into the share price for a week or so to get the price up. Therefore you need to take the 44c price with a pinch of salt. It was only recent time that traders were buying at 22.5c and selling at 26.5c

Therefore, the 27c issue price is fair. There is also a sales forecast downgrade. They are now saying a 50% drop in sales compared to 35 to 45% before.

As a potential buyer this week, I know that I will not want to pay too much. Definetly not 44c looking to enter at 31c