I held BPH a long time ago and offloaded the first time the PM decided to opine, so I guess I'm lucky given the current SP and state of affairs. Not here to gloat, hell I'm wearing a similar drop today on an unrelated stock, so commiserations to holders.
If I held BPH today, I'd be asking myself these questions:
Is the SP intrinsically tied to PEP-11 approval?
Is a decision to approve PEP-11 likely to affect voters intention next election?
Irrespective of PEP-11, what is the likelihood of the LNP getting in next election?
What would the LNP have to gain/lose by approving PEP-11 before next election?
If Labor get in, how likely are they to approve PEP-11 given they are already consternating over shedding support to Greens, especially in major cities?
I think honest answers to those questions paint a grim picture.
BPH Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
