BLV 0.00% 1.6¢ blossomvale holdings ltd

woeful, page-17

  1. 1,468 Posts.
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    Hilarious,
    Some folks say they were happy to buy when it was 70c or 80c or more, but now that it is 20c, there is clearly a problem and they are frightened to buy. Yep, that's it, buy high and sell low. Way to go.

    This thing has 10c a share in cash & little debt. So, even if it just breaks even or makes a small profit for the year, so what - you are paying 12c a share effectively meaning the effective market cap ex cash in the bank is 54 million. Even a 5.4 mill NPAT at PE of 10 covers that. It is a risk I'm willing to take.
 
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Currently unlisted public company.

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