BAL 0.00% $13.23 bellamy's australia limited

Ann: Bellamy's enters Scheme Implementation with Mengniu, page-218

  1. 143 Posts.
    lightbulb Created with Sketch. 27
    Totally agree with you. Competition in this space has become fierce and the fad is over. My average price was $13 and having held for nearly 2 years now, I wanted to be out at a minimum of $15 to have made some money on this holding. But I believe management deep down in their heart know that SAMR might never come for it's organic range and if that's the case a $13.25 share price has no hope of ever occurring in the future. I sold out today at $12.95, leaving 30 cents on the table but it's the prudent thing to do having seen 25 million shares change hands and there was about 18 million shares short. So for all we know all the short covering could have happened today.
 
watchlist Created with Sketch. Add BAL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.