BLY boart longyear group ltd

Just gone through at 1.47pm and 1.53pmCleaned up the sellers at...

  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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