BAL 0.00% $13.23 bellamy's australia limited

Will go down hard after halt, page-47

  1. 2,365 Posts.
    lightbulb Created with Sketch. 50
    The best outcome tomorrow would be a rights issue IMO. This would be used for expanding its distribution channels in China. Might price it at $5.60 which is 15% discount to the closing SP last Friday. BAL just wasn't generating enough internal funds to make this happen. The last update sales was up 24% to 20 November. It has been just over 10 days since the botched update so we will hear something about that. If figures are revised down again, well Laura and the chairman has no choice but to resign.
 
watchlist Created with Sketch. Add BAL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.