Changing my tune here a little BOT is escalating the rollout due to higher than expected uptake. Insurance companies don’t pay straight away so clearly the company has done the sums and don’t want to risk falling short in supply. Extra sales staff spread country wide. The timing of the raise isn’t great, but with a bit of global uncertainty, maybe they felt better now than in a months time. The size of the raise IMO is a big tick and tells me BOT has a positive plan moving forward. Oversubscribed and completed in a short period of time …big tick. I’m usually not right, but to be the Contrarian here, I see us taking off on Wednesday, if Euroz were buying pre raise it tells me they see the potential and will likely hold for a decent return.
It would be nice if BOT could come out and say they will look at doing a share buy back in the future….
Meanwhile, I shall practice my throat exercises and work on my gag reflux
BOT Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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