I tend to agree with JohnnyThunders "no longer a casino chip" quip.
As I've said before, the risk in not making a killing in BPT in the long term is if we just make a great return in the short. The sovereign wealth funds invest like Buffet - identify value, buy and hold. That spells disaster for the financial tap dancers at NAB, Citi and the other pump & dump price manipulators at the *cough* investment banks.
However, finding a company with massive assets, a well funded CAPEX program, professionally run production (how often do you get the announcement of difficulties in the BPT operated stuff!) bringing cashflow in a macro environment of rising prices is gold.
And if some cornerstone investors recognise this, and are happy to sit tight for a decade we might yet get to see something really mind blowing.
In summary, very, very good news for the long term small investor, IMHO.
I tend to agree with JohnnyThunders "no longer a casino chip"...
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Last
$1.50 |
Change
0.000(0.00%) |
Mkt cap ! $3.422B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.49 | $6.922M | 4.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 390051 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 165061 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |