BKN is about to skyrocket IMO:
Here are several reasons why:
-Directors have purchased recently
-AMP has become a substantial shareholder
-Ex-div sell offs seem to have come to an end
-The dividend on this share is amazing at this price (over 30% based on prior year dividend - or at least 20% based on 10% already declared and another possible 10-15% at year end)
-The company is making a PROFIT and not a loss
-The company does not have that much immediate debt to repay and I highly doubt they will have much trouble refinancing if they need to
-The company retained profits to fund future activity (very good move)
-there is NO bad news on BKN that I have come across (if you have, please enlighten me)
Overall, it ticks all the boxes.
Good luck to all those that hold!!! We will see where this ends up in a few months.
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