re: Ann: Sale of South African Manufacturing ...
FWIW I look at other companies that have made hard decisions to rationalise their debt position in the last 6 months and those that have done so have seen strong SP performance since. Good examples for me is MGX and FMG.
This demonstrates to me that BLY management is serious about strengthening its balance sheet and prepared to take active steps to improve its situation. A big tick from me and looking forward to further actions in the short-medium term to consolidate.
Good luck all. Sharks.
BLY Price at posting:
20.6¢ Sentiment: LT Buy Disclosure: Held