Australia's largest stock trading and investment forum Australia's #1 stock forum

BCB

Click for more information

12.5%

0.7¢ bowen coking coal limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-153

First 153 Last

Share
Profile

Follow
elLocoGator

120 Posts.

33

07/08/24

09:42

Post #: 75103225
Share

Originally posted by mondyinvest: ↑

Very sorry to see the losses on this one. FWIW I suspect
yesterday’s volume was largely Regal, who at last notice had 346.1M shares or 12.1% of the register. We will know for sure in a few days if a change in substantial comes out.

Otherwise, the most recent substantial holder list is from the 2023 annual report, register as at 4 October (see below). Bear in mind at this stage there were 2.217b shares on issue and since then they’ve added another 632M shares so there’s now 2.849b shares out there. As a result some of these holdings may have been diluted below 5% so they can sell without disclosure.

Most of them have participated in multiple raises so will be massively underwater, likely they were holding out hope of a turnaround rather than realising a massive loss… but the quarterly seems to show they’re ngmi with all the debt now due again. If they default on the debt, equity holders will be bottom of the pile hence the equity is being de-rated.

Expand

Thanks for taking the time to explain this; if anyone would be in the know it'd be one of those guys for sure

BCB Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 153 Last

Add BCB (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $69.99M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$57.63K	7.386M

Buyers (Bids)

No.	Vol.	Price($)
63	45854026	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	10430327	5

View Market Depth

No.	Vol.	Price($)
63	45854026	0.007
11	5616800	0.006
17	7765991	0.005
3	3325000	0.004
1	500000	0.001

Price($)	Vol.	No.
0.008	10430327	5
0.009	30409338	14
0.010	4157796	9
0.011	1625120	3
0.012	3034693	5

Last trade - 16.10pm 18/11/2024 (20 minute delay)

BCB (ASX) Chart