Well Bell Potter have done well suppressing the share price. It now make some sense why the SP has struggled off the back of some good announcements of late.
IMO the saving grace here is that Bell Potter are prepared to take on option at $1,365. Does this mean that they are confident of the company's outlook in the next 12 - 18 months and expect the SP to head north well past $1.365? Surely BP had done enough due diligence to factor in what is in the pipeline that you and I may not be privy as yet, afterall they have to sell the story to its clients/investors.
Does anyone by chance have the BP target price handy?
Ann: Investor Presentation Imbio acquisition and capital raise, page-16
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