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$13.23 bellamy's australia limited

A2m do not have 1B issued shares ..if you are going to make...

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lakota6

8,839 Posts.

1048

15/01/18

23:11

Post #: 30325598
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Originally posted by pslally ↑

The price went up almost 6% on higher volume of over 1m shares. This is day one after price upgrade from $12 to $15.

BAL is quite unique in comparison to A2M. BAL is very tightly held stock and there isn't much free floating stock in comparison to A2M. There are more than one billion A2M shares on issue. BAL has quite a few significant investors who own big chunks like Janchor, Delta, Mitsubisi etc. The free floating stock is only 40m shares. Once those shares are cornered then will be able to name your own price to sell.

BAL sales are recovering as sales trend is picking up. Cash position is improving, stock on hand is reducing. It appears that the new Managememt believes in under commiting and over delivering.

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A2m do not have 1B issued shares ..if you are going to make statements at least get your facts right.
I do agree with your comment about the new management team.

BAL Price at posting: $10.96 Sentiment: Hold Disclosure: Held
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