BAP 0.00% $5.29 bapcor limited

Ann: H1 FY2019 Results Announcement, page-67

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  1. 13,047 Posts.
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    @thunderhead1

    Thunder,

    I was out this morning and when I returned home just before 1pm I opened my portfolio online and was faced with carnage in about 80% of my stocks with BAP taking an absolute pasting. I have BAP fair value at $7.42 and an entry point no higher than $6.82.
    So to see BAP at $5.80 is unbelievable, it is now trading at 22% below fair value on no news and it is a defensive stock.

    It looks like fund managers have taken the axe to anything remotely connected to the consumer.

    Good luck and as Warren Buffet often says the best thing to do is nothing.

    Cheers........Daicosisgod
 
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