There is no doubt that BPT is good value right now, but the way I see trading for the next little while is that the broker to the recent fund raising will be doing all it can to support the share price, having put a lot of investors in at a higher price.Most of these investors will get out when they can show a 10% to 20% profit. So in the absence of other major events such as a takeover, the share price will languish for a while but will eventually gain upward momentum when the selling pressure is over and the benefits of their recent acquisition start to accumulate.Interesting question ,....how much support will there be for the upcoming rights issue if the shares stay where they are? Might BPT be forced to lower the rights issue price ?
Occam
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Last
$1.11 |
Change
-0.025(2.21%) |
Mkt cap ! $2.520B |
Open | High | Low | Value | Volume |
$1.13 | $1.14 | $1.09 | $9.538M | 8.626M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 94545 | $1.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.11 | 199949 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 1.095 |
10 | 100211 | 1.090 |
1 | 20744 | 1.085 |
8 | 109058 | 1.080 |
4 | 34791 | 1.075 |
Price($) | Vol. | No. |
---|---|---|
1.105 | 801 | 2 |
1.120 | 20744 | 1 |
1.125 | 21744 | 2 |
1.130 | 22744 | 2 |
1.135 | 20744 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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BPT (ASX) Chart |