The fundamentals of this company within their market space in my view still has a lot of legs. I have been a follower of this share for about 9 months - after I saw a presentation by the CEO (who has now resigned). Clearly there are issues that is always the issue of fas growing companies - but none of their acquisitions was THAT big......they have a portfolio of companies servicing the mid market for all areas relating internet and digital based marketing. I forget the names of some of the acquisitions that occured in the US but there were serious multiples that were paid by Google and Yahoo for exactly waht BLU do.
I think at these levels they are ripe for takeover. the underlying market presence they have delivered in a short period of time makes it a worthwhile target itself (IMO). I bought in from 90c upwards and saw it hit $2.40. Luckily I sold before that peak - but unluckily I bought back in on the way down (at $1.20) becasue I believe in the company's positioning.
I think Richard Webb and the CFO were clearly pushed by the insto's who have invested heavily in the company. I think there will be plenty of blood-letting to come - re overhead reduction and a consolidation resulting in a return to profitability and sanity - but it may be too late - if a recession is on course in the US, US companies will look overseas for growth opportunities.
I have traded over the past day (and feeling like a vulture doing it) but believe the fundamental position will return and with it the share price. I hold (but cautiously) and will continue to trade the volatility.
In a word I'm still in and watching with interest any sniffing of a takeover.......
Please DYOR these are just my views.
- Forums
- ASX - By Stock
- good buy
The fundamentals of this company within their market space in my...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLU (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $17.58M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $1.507K | 153.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 2307674 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 498999 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 2307674 | 0.009 |
10 | 2508271 | 0.008 |
6 | 5072571 | 0.007 |
3 | 8416500 | 0.006 |
3 | 1550000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 498999 | 4 |
0.011 | 247250 | 2 |
0.012 | 2524838 | 4 |
0.013 | 1749484 | 2 |
0.015 | 489069 | 2 |
Last trade - 14.34pm 09/08/2024 (20 minute delay) ? |
Featured News
BLU (ASX) Chart |