Comparing with other aussie tech stocks, BVS is a less liquid stock / lower traded values. This tends to create bigger swings like today. I would not worry about reference to Link Administration because BVS targets different market segment. BVS is in both fund administration and fund management, targeting aus, europe and south african markets. BVS also reiterated earnings guidance in the high teens just weeks ago. I wish August reporting season could come sooner and blow away the negative sentiment.
Having said the above, I am not prepared to stump up today, overall market sentiment is still too volatile for me. For long term holders like myself, we just need to be more patient.
BVS Price at posting:
$4.74 Sentiment: Hold Disclosure: Held
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