It can't go to 10.8 don't forget. After 10 we go up by half cents. Buyers will then have to determine whether they pay over the odds or not. Brilliant result for ASL and with the juicy 6 cent dividend coming up on the 23rd of November, BDL is going to gain along with ASL.
There is a possibility that another company could make a bid for BDL which would then force ASL to increase the offer. There is plenty of companies looking at the moment. NWH have just released a great result and stated that they are looking for acquisitions in the mining service sector. MAH may also have a stab. I didn't realise that MAH made a hostile bid for ASL this year. Now that would really heat things up. I can't see a whole lot of downside from here on in. To my way of thinking it appears to be a low risk trade which ends with shares in a quality business. Considering topping up on any weakness.
BDL Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
