I couldn't find any logic why some holders were selling below 60 cents, so I topped up yesterday. Unless they bought 3 years or more ago, the sellers took losses. Good thing to do if the company is in trouble, but no reasonable evidence of that.
Many have pointed to the strong sales with minimal profit. Bgl mgt was a bit amateurish in failing to explain. But with several expansion projects on the go, the growth without proportionate profit growth is common. At least, I infer that this gap is due to higher short term costs due to growth expenses.
Meanwhile a fire has been lit under bgl shares today. Did tpg in its reporting today say they were looking for acquisitions in complementary businesses?
Bounce from silliness
Add BGL (ASX) to my watchlist
 (20min delay)
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Last
$1.87 |
Change
-0.040(2.10%) |
Mkt cap ! $2.195B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.83 | $14.37M | 7.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32369 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 11884 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.87 |
Change
-0.040 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $1.88 | $1.89 | $1.83 | 1066700 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BGL (ASX) Chart |