You shouldn't, unless you only have limited capital and then maybe based on opportunity cost. I have lightened my position in last few weeks because I believe oil and gas has a perfect storm and is likely to do more than BRL in next few months. I can't see a short term catalyst for BRL to get re-rated and I just didn't have the resources to hold them all and fund my energy bet too. So I guess everyone's personal circumstances are different, but I still believe BRL is worth more than 15 cents. But if there is potentially 30% upside and it won't play out for 18 months, but I think I can get 30% in energy in 3 months, I will alter my position.
No doubt now I have done this there will be a takeover offer on BRL of 40 cents next month and the oil price will tank
You shouldn't, unless you only have limited capital and then...
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $149.2M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 78.0¢ | 74.5¢ | $14.06K | 18.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4234 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 9139 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BRL (ASX) Chart |