Amazing resilience

WTF was today's trading all about?
I read the announcement before the open today and thought this is not going to be good, and it wasn't, not at least to start with.

I offered some shares at the open, thinking I would probably be able to buy them back for less later on, but predictably the buyers melted away below my limit before the open.
Then I was surprised by how many shares were being soaked up at $0.215
So I changed sides and put in a bid for $10k at $0.21, which got taken out fairly quickly, and then some shares started transacting at 0.22 so I amended the sell order that I still had in at 0.23 down to just $10k worth, not particularly expecting it to be filled.

I did think about upping the sell price a bit, but the lure of a good lunch with my neighbours distracted me.
It was  a big and pleasant surprise when I came back and found the SP back up to $0.25 and that I had trousered an extra 4,141 shares for just the cost of the brokerage. (If I had been watching, I might have hung onto the shares, but hey, a guy has to eat.)

Although the volume wasn't that great, 3,425,161 shares for $773,256,  it still seems the buying was more aggressive than could be attributed to overly optimistic retail investors. At least I hope that's the case. It seems that whoever bid the price back up, is looking through the announcement to greener pastures beyond. In times past, an announcement that gloomy and non-committal would have sunk the share price. I hope today's surprising resilience reflects real underlying value.

The timing of the announcement suggests to me that they were hoping that the hospital dispute would finalize but that the ending of the financial year forced them into an announcement while the dispute is still on foot.

At the end of that part of the announcement they say:
"BSA is well advanced in negotiating a comprehensive settlement with the head contractor in respect to all
outstanding claims on the nRAH project."

To my mind that hints at the possibility of more money in the offing.
At least the nbn stuff is upbeat.
What we need is resumption of dividends. That would do wonders for the SP and the stock's visibility.
Cheers.

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Time	Price ($)	Volume	Value ($)	Condition
1	3:53:01 PM	0.25	25000	6250
2	3:40:45 PM	0.25	5220	1278.9
3	3:40:16 PM	0.25	100000	24500
4	2:40:38 PM	0.25	7980	1995
5	2:10:21 PM	0.25	2782	695.5
6	1:57:38 PM	0.25	97218	24304.5
7	1:57:38 PM	0.25	2782	695.5
8	1:38:59 PM	0.25	49238	12063.31
9	1:36:55 PM	0.25	97218	24304.5
10	1:36:55 PM	0.25	2782	695.5
11	1:33:30 PM	0.25	3019	754.75
12	1:33:29 PM	0.25	50000	12500
13	1:33:23 PM	0.25	5485	1371.25
14	1:33:22 PM	0.25	38714	9678.5
15	1:30:39 PM	0.25	11286	2821.5
16	1:30:39 PM	0.25	28714	7178.5
17	1:11:17 PM	0.25	5940	1485
18	1:11:17 PM	0.25	3000	750
19	1:11:17 PM	0.25	62851	15712.75
20	1:11:17 PM	0.25	20408	5102
21	1:11:17 PM	0.25	4087	1021.75
22	1:08:01 PM	0.25	4770	1192.5
23	1:08:01 PM	0.25	34752	8688
24	1:07:47 PM	0.25	43740	10935
25	1:07:47 PM	0.25	51260	12815
26	1:03:48 PM	0.25	80000	20000
27	12:51:47 PM	0.25	50000	12500
28	12:38:45 PM	0.23	140815	32387.45
29	12:30:33 PM	0.23	9185	2112.55
30	12:26:27 PM	0.23	815	187.45
31	12:26:27 PM	0.23	3831	881.13
32	12:20:45 PM	0.23	81169	18668.87
33	12:14:27 PM	0.23	478	107.55
34	12:01:39 PM	0.23	99522	22890.06
35	12:01:39 PM	0.23	43478	9999.94
36	11:59:57 AM	0.23	10000	2250
37	11:53:19 AM	0.23	75000	16875
38	11:46:04 AM	0.22	15000	3300
39	11:46:04 AM	0.22	17000	3740
40	11:44:52 AM	0.22	18000	3960
41	11:17:21 AM	0.22	3229	710.38
42	11:17:21 AM	0.22	82	18.04
43	11:12:01 AM	0.22	49918	10981.96
44	11:12:01 AM	0.22	82	18.04
45	11:08:14 AM	0.22	95354	20501.11
46	11:08:14 AM	0.22	4646	998.89
47	11:06:32 AM	0.22	3670	807.4
48	11:06:32 AM	0.22	6330	1392.6
49	11:05:51 AM	0.22	33670	7407.4
50	11:05:51 AM	0.22	189050	41591
51	11:05:51 AM	0.22	77280	17001.6	XT
52	11:05:04 AM	0.22	30000	6450
53	10:59:56 AM	0.22	2074	445.91
54	10:59:56 AM	0.22	15000	3225
55	10:59:56 AM	0.22	148280	31880.2
56	10:56:41 AM	0.21	10000	2100
57	10:49:07 AM	0.21	48831	10254.51
58	10:49:07 AM	0.21	1169	245.49
59	10:46:05 AM	0.21	27500	5775
60	10:46:05 AM	0.21	71331	14979.51
61	10:33:05 AM	0.21	4663	979.23
62	10:30:19 AM	0.21	24006	5041.26
63	10:29:27 AM	0.21	24035	5047.35
64	10:29:27 AM	0.21	15965	3352.65
65	10:25:29 AM	0.21	4035	847.35
66	10:25:29 AM	0.21	80000	16800
67	10:17:32 AM	0.21	1959	411.39
68	10:17:32 AM	0.21	18874	3963.54
69	10:17:16 AM	0.21	28745	6036.45
70	10:17:16 AM	0.21	50000	10500
71	10:17:16 AM	0.21	3500	735
72	10:14:31 AM	0.22	131720	28319.8
73	10:14:27 AM	0.22	6674	1434.91
74	10:14:27 AM	0.22	1126	242.09
75	10:14:10 AM	0.22	5230	1124.45
76	10:14:10 AM	0.22	93644	20133.46
77	10:13:36 AM	0.22	6356	1366.54
78	10:13:26 AM	0.22	6679	1435.99
79	10:13:26 AM	0.22	86965	18697.48
80	10:13:02 AM	0.22	13035	2802.53
81	10:12:05 AM	0.22	86965	18697.48
82	10:10:13 AM	0.22	33035	7102.53
83	10:09:40 AM	0.22	16965	3647.48
84	10:08:47 AM	0.22	33035	7102.53
85	10:02:36 AM	0.22	4000	860
86	10:02:19 AM	0.22	12965	2787.48
87	9:59:48 AM	0.22	200000	43000
88	9:59:48 AM	0.22	108750	23381.25
89	9:59:48 AM	0.22	2200	473
90	9:59:48 AM	0.22	97800	21027	XT
91	9:59:48 AM	0.22	2200	473