Yeah almost no buyers left.
Also given the plan to pay out dividends more frequently, I would argue that BHDO's are extremely overpriced.
In my opinion,
If you factor in dilution, the plan to return cash to shareholders via quarterly dividends, negative sentiment, the new "Please Explain" from ASX, the venture into inter-party transactions, the disappointment of HML, the huge discount to NTA on the Headstock... BHDO is very pricey atm.
Of course I could be wrong about all that.
Ann: Net Tangible Asset Backing, page-15
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