Wow, I cannot believe this has got down to nearly $2, affected by the market carnage over the last two weeks.
US futures tonight point to further pain tonight. So if this goes below $2 tomorrow or coming days, I might be tempted to top up and continue DCA.
As far as I'm concerned, their comments at the AGM still stand unless otherwise advised, which is the expectation of NPAT growth in the mid teens. They'd also increased recurring revenge by 15% in FY2021, which bodes well for FY2022. There's a program of integration and other work to deliver on cost savings too. Further, they flagged heightened client interest in signing up to products too. So many positive strategic things going on. If their thinking has changed or things have deteriorated since November, I assume they'd come out with an update by now.
I note also that BVS stocks are primarily held by a handful of institutions, some of whom have continued to add to their positions (at much higher prices to $2.03). I wouldn't be surprised to see some positive change in substantial holder notices forthcoming. They've done the research and bought up big for the long term.
Hopefully long term holders will be rewarded handsomely.
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