Ahhhh, so, the ppl who can add up are buying them from the ppl who can't add up.
Anyone who is buying at these prices is giving themselves the % return equivalent that the non existent dividends would have given them over the next 2 years.
Lets just say for an example, a shrewd operator who did their homework and traded the swings over the last 12 months and swapped back and forth BBI/Beppa to end up with around 3m beppas at average 9c, and who still holds today.
would have a interest $ of ~$186,000 in the bank.
and 216800 BBIDA @ ~$4.17 ~$905,000
3m x ~$0.09 ~ $270,000 interest return ~ $186,000 capital out ~ $ 84,000 ~$905,000 / $84,000
looks like a ten bagger
216,800 PIH returning dividend ~35 to 45c each p.a in a few years = ~ $85,000 pa. the same as the present capital outlay.
not bad...... congratulations to whoever managed it
anyone who missed it could be pretty pissed off and might still be trying to justify their reasons...
ifandwhen
BBI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
