BLY boart longyear group ltd

some nice buy orders

  1. 780 Posts.
    Just gone through at 1.47pm and 1.53pm
    Cleaned up the sellers at $0.35

    nice to see some larger orders go through, this is what surprises me about this stock, it is an ASX top 100 yet a big volume day is only 50m or more, equiv to $20m or less in value.

    Just can't work out why it trades so little in value vis a vis the other ASX100 but I suspect it has something to do with the recent placement at $0.25 (or 27??) which would keep the instos happy and the fact that the SP is so low.

    Makes me think there will be a consolidation also however I would have thought they would do that at the shareholders meeting to approve the placement.
 
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