This was not a great quarter for BPT.
Reality is now setting in as revenue is now clearly dropping quite substantially due to lower POO.
What needs to be considered as well is that it was only really December that had the really low POO as up until end Nov TAPIS was still at around $90 AUD.
As TAPIS is now at around $60 AUD the next quarterly revenue is going to be substantially lower than the Dec qtr.
I have not seen enough to buy back in yet as I think the SP could go as low as 70cents if POO stays around current levels.
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- Ann: Quarterly Report (period ending 31 December 2014)
Ann: Quarterly Report (period ending 31 December 2014), page-2
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