BRK

5.26%

1.0¢ brookside energy limited

contra view. the buy side has dropped away in on screen volume....

First 9518 Last

Share
Profile

Follow
Chillicop

5,083 Posts.

649

03/07/23

09:24

Post #: 68581378
Share

Originally posted by jophda: ↑

Posters saying the BB is driving the share price down by the way it is being conducted are just wrong .

The Announcement of the BB jumped the share price up on anticipation of it driving the share price up .
From 1.3 cents prior to the trading halt on low volume to 1.6 cents with sales up to 1.8 cents on recommencement of trading after the BB Announcement with a volume of 76 million on the ASX.
Much of that volume was short term speculators looking for a quick turn over profit on anticipation that the BB would push the share price higher.

The purpose of the BB is to buy shares that Management think are undervalued and in so doing increasing the intrinsic value of the remaining shares .
The purpose is not to drive the share price higher by being a market leader and the BB Rules preclude too aggressive buying anyway .

The lower the price the company can buy back the shares the greater the intrinsic value that is passed to the remaining shares .
That is an accounting fact .

Once the short term speculators realized that the company was prepared to pull back and let the market come to them they began selling out and probably some even sold at a small loss .
Management have access to the share registry at all times and can see if purchases are made by long term holders or new big buyers that are possible short term speculators .
A post above about a conversation between a share holder and Management said that two recent purchasers had each sold 20 million shares .

I think that management has handled the BB very well , there is very low volume for a while as the share price has dropped down each pip but the BB is on track to buy back the shares they have indicated they will buy .
If the share price begins to float up then the BB will have to follow it up too .

Markets 101
The contest between buyers and sellers sets the price .
Supply and Demand .
It is not possible for buyers to make the price go down .
It is not possible for sellers to make the price go up .

BRK is buying shares .
A Credit raise is when they are selling shares and we all know what that does to the share price .

Given the recent softness in the oil price the share price of B\RK would possibly be a pip or so lower than it is now without the BB .
I doubt that the BB will let the price float down much further since it has now reached the pre Announcement price but that does depend on what the price of oil does .

If share holders think that the intrinsic value of BKR is less than the current share price then they should sell as the BB would be lowering the intrinsic value of their shares .
If they think that it is not then they should be happy with the fact that the BB is adding to the intrinsic value of the shares they hold.

If you think the shares are a very long way undervalued than isn't that a buying opportunity ?

Expand

contra view.
the buy side has dropped away in on screen volume.
what's there, is BRK making up numbers at an ever decreasing price / interest level.
they have become most of the buy side market, so have pricing power. (scared investors away)
the price is dropping 'cause most potential buyer are seeing the price fall and don't want a bar of it. BRK doesn't see value here, despite statements to ASX, why should they - so hands in pockets or gone elsewhere.

despite having a truckload. and rating it a buy. I won't touch it till BRK step up and create a floor

Last edited by Chillicop: 03/07/23

BRK Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BUX

Buxton projects new graphite province discovery at WA Narryer play

There are more pages in this discussion • 2,623 more messages in this thread...

First 9518 Last

Add BRK (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.001(5.26%)		Mkt cap ! $47.72M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$70.11K	7.086M

Buyers (Bids)

No.	Vol.	Price($)
42	27041366	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	13243503	15

View Market Depth

No.	Vol.	Price($)
40	25001366	0.009
26	17760321	0.008
9	4326571	0.007
6	2421677	0.006
7	2758000	0.005

Price($)	Vol.	No.
0.010	12912653	14
0.011	50108658	48
0.012	11254609	16
0.013	16597673	16
0.014	11779309	12

Last trade - 16.10pm 04/10/2024 (20 minute delay)

BRK (ASX) Chart

contra view. the buy side has dropped away in on screen volume....

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

contra view. the buy side has dropped away in on screen volume....

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News