Copy of my HC post from late February regarding BB, in Hindsight I should have taken that response as a sell signal, it was trading at about 2.70 then, and the recent market update was a soft downgrade! It has tanked a whopping 30% from recent highs.
This is the response from IPL/DNL as to why the BB has paused/stopped, I feel a little more reassured. Let’s see what eventuates. Changed my sentiment to BUY.
Dear Xxxxxx
Thank you for your enquiry.
As you may appreciate, from time to time we become aware of non-public information that limits our ability to trade, and this has resulted in a suspension of the buyback.
We review this position on a daily basis and intend to resume the buyback when able to do so.
Kind regards,My post from back in late February regarding BB
DNL Price at posting:
$2.23 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)