I am old enough to remember sentiment being pretty low at $0.165

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zhanginu

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25/09/23

22:48

Post #: 70019665
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Originally posted by Chuxa: ↑

BCC holders (us) may find themselves in a bit of situation here, if anyone has seen the trading sheet today BCC just lost much of its support and has the worst B:S ratio that I have seen in the past 3 years: 4 buyers for 11 sellers.

A grand total of AUD$11k can wipe all buyers available and crash the SP by a cool -27%. I agree with all the above posters and BCC really does need to see some director confidence as the market is clearly not showing any (however, it is not really their job or responsibility to prop-up the SP at such moments).

Even if one of the bigger retail holders decides to exit, BCC can easily see the SP dive -40% (or more if stop losses of others are triggered) and reestablish an ATL below the last level 0.155. Last time we had exits from the excellent @StealthInvest and equally excellent @curious2020 the SP reacted with -35% in either of the exits (both were spread across positive announcements as well) and then stayed down for months after.

@Access2020 thanks for the encouraging words, we'll just have to disagree on the last announcement being a 'good' development. Even IF the dispute gets resolved within the next 9 months (big IF, very optimistic) that implies that shareholders have to hold the loss-making BCC for another 9+ months further exposing their capital to risk, all without clear reward in sight, all whilst the SP is continuing its downward spiral.

The sentiment is really at ATL with this one, I really hope that BCC doesn't just 'roll over' and take the first easy way out, as @curious2020 reported that after his meeting with the directors a few months ago they were looking wiped/tired and looking demoralised/done.

Let's see what tomorrow brings, BCC needs a turnaround story.

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I am old enough to remember sentiment being pretty low at $0.165

BCC Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.5¢		Change 0.000(0.00%)		Mkt cap ! $14.25M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	50254	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	8999	1

View Market Depth

No.	Vol.	Price($)
1	50254	0.165
1	44888	0.155
1	30000	0.150
1	103448	0.145
2	29499	0.140

Price($)	Vol.	No.
0.175	8999	1
0.180	26362	3
0.195	7500	1
0.200	25000	1
0.220	40000	1

Last trade - 10.03am 01/08/2024 (20 minute delay)

BCC (ASX) Chart

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I am old enough to remember sentiment being pretty low at $0.165

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