The short positions have increased from 8.63% (04/10/2016) to 8.96% (11/10/2016).
More than likely these short positions will try and exploit any negative news on the upcoming 2016 AGM & Q1 results. As previously announced by Blackmores, Q1 2016 results are likely to be softer compared to the prior corresponding period (Holgate, C 24/08/2016).
Over the last six weeks, I have seen big support on:
As of today, P/E is still @ 20.09, whilst Div yield @ 3.51%.
There's been a bit of money flowing out from high P/E stocks such as TPM, VOC, DMP.
On the contrary, money has been flowing into leading companies such as ORG, BHP, RIO.
It's worth noting, around September 2015, BKL was trading around the $110, and reached around $220 on 01/01/2016 (3 months later). During that same period, ORG, BHP, RIO were declining.
BKL Price at posting:
$112.89 Sentiment: Buy Disclosure: Not Held
