I agree that a re-rating is underway now.
It's been a very long wait for BPT and the 2 main reasons that held the price back was:-
1) The hedging which had a price ceiling on it. That has now been lifted and they are now able to take advantage of the high prices of oil.
2) The deb't level's were scaring investors away as they did have a substantial debt to their name which also did cost a substantial amount in servicing it. That is now completely paid off.
There would have to be very little to stop the share price from rising substantially now.
Could easily double IMO.
simple maths, page-3
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Last
$1.43 |
Change
0.035(2.52%) |
Mkt cap ! $3.250B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.43 | $1.40 | $6.146M | 4.329M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11689 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 66762 | 6 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BPT (ASX) Chart |