BPC burns, philp & company limited

will rise again I have been on BPCPA's for ages now. I think my...

  1. 2,892 Posts.
    will rise again I have been on BPCPA's for ages now. I think my original 40,000 were bought at 47cents just after the goodman deal was announced to market.

    I have since been buying on dips.

    Most recently at 58 cents.

    With the sale of a part of their business to be announced in the next few days, this will mean they have a capital repayment requirement on some of their debt.

    This will mean debt levels reduce, allowing some of the fund managers and insto's who have strict trust guidelines on how they manage money re debt to be able to buy for the first time since the Goodman deal took place.

    This one hit the 90's in August last year...and we could see that happin very quickly again.

    I hold
 
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