Welcome BD. The broad answer to your question IMHO is down to what I call a transformation of the share register. There have been several big holders moving out of BSE over the relatively recent past. Plus there are many holders that must be sitting on fairly large unrealised gains who would often be tempted to take profits. For instance I entered this stock at 2.7c back in Feb 2016.
Some of the large holders recently departed include, but not limited too (I'm sure):
HHL/Pengana Funds/Washington H Soul Pattinson or whatever name they went by at the time.
Taurus Funds Management Pty Ltd
Alexy Mordashav (acclaimed to be Russia's richest man in the recent past)
Plus, there have been signs of shorting by some big entities recently entered on the Register like:
Bank Of America/Merrill Lynch.....
in cohoots with Regal Funds who are renowned for doing the long/short stuff on the ASX.
Regardless, the financial metrics are what they are and it looks good......... making BSE undervalued IMHO so you might have made a smart move.......... if you have some patience!!! Good luck.
Cheers
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $288.6M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.5¢ | $574.3K | 2.314M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 89948 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 41935 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 53948 | 0.245 |
16 | 1184541 | 0.240 |
10 | 501573 | 0.235 |
13 | 493644 | 0.230 |
4 | 230668 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 41935 | 2 |
0.255 | 610972 | 11 |
0.260 | 391577 | 11 |
0.265 | 430000 | 3 |
0.270 | 703702 | 7 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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