With regard to that so-called reasonably positive announcement, look at the reconciliation of EBITDA to operating cash on page 15 of the analyst's presentation and deduct the figures from the first half (the latter can be found in the previous 6-monthly analyst's presentation).I, for one, cannot believe how much of a ride we're being taken for.
I'm amazed that so soon after a reasonably positive announcement, which pushed the shares up to nearly 20c, we have a negative announcement, which has halved that (and more).
A $30,000 profit is worthy of contraulations. It's far better than what the vast majority of BBI's loyal investorship will ever see.Well I'm out, the risk reward equation does not stack up for me any longer. I've seen an unrealised profit of over $200k turn into a realised profit of just over $30k.
I've tried to rationalise the outcomes logically, but now I simply do not trust what the BBI board is telling us. When I first read the announcement last Friday I let logical thought prevail over instinct and held, an expensive mistake but then thats life.
Well I'm out, the risk reward equation does not stack up for me any longer. I've seen an unrealised profit of over $200k turn into a realised profit of just over $30k.
Congrats Yakka... been some 'hardyakka' this BEPPA business eh?
$30K will be nicely reinvested somewhere I take it? Tips always appreciated!
I took $1K profit from my $2600 invested on Friday. Was feeling sick to the stomach that it was nearly $1500 less than what I could have had prior to the halt. All that changed this morning which put me into loss territory (and still is).
Right now I am thankful for my profit, and have learned some lessons from the results announcement spike.
I reckon if I work out the $ return per hour of research then I would have made a lot more working the chip pan at maccas, but it was fun anyway.
The BEPPA price has bounced a bit, but reading that snippet on $1.5B bening put in by the deep value investor makes the risk reward equation even worse. The dilution is going to be 50% more than in the two scenarios I posted.
If I held any BBI I would get out of them now as they will be worthless once dilution occurs, and that is looking to be a certainty. The BEPPAs have replaced the BBi as the spec play.
But then I cannot tell the future so follow your instincts.
Cheers
How long will it be until the dilution takes place?? And what do you think the price will fall to after the dilution??
Doesn't the market price the CI's portion of the dilution in the day(or few days after) of the announcement?(if the deal is going ahead)Probably quite a few weeks but it may not happen at all. If it does happen, the dilution will be horrendous rendering the current BBI virtually worthless (1c or less in my opinion) and if it doesn't go ahead, administration is highly likely as the $205M due on Oct 30 will be called in.
If you own BBI, you are stuffed either way.
well it looks like the slaughtering has stopped and its now stablised at .045.... where to from here??
it the market waiting for another announcement??
edit: perhaps i spoke to soon.. looks like its going down again
i smell a rat with management, so i have decided to cut losses and bail, there seems to be too much manipulation on these stocks,
lessons learned the hard way, start again with other stocks
good luck if your hanging in there, its beyond my knowledge base, i just started trading BBI when all hell and lies broke loose, and what a whack i got
cheers
I agree, I owned some - well a lot - of these a few months ago. I had quite a few at top $, and made - what could have been a very silly mistake, to buy them as they kept falling.
Lucky for me that I picked up a bundle in the very low cents, and when they jumed to 20 cents I bailed and thankfully ended up with a nice tidy profit.
However, I lost a few pounds sweating on this stock, and just dont see a future, thats's why I got out them, and have never thought about getting back in, no matter how cheap they become as I just cant see how they will do it.
The price is already so low....I would not sell but hang on to it and hope it will rebound pretty soon when the annoucement comes. Worst case scenario the company go under but its a risk I am prepared to gamble. On the balance of probability, the company going under within the next few months is slim.
The price is already so low....I would not sell but hang on to it and hope it will rebound pretty soon when the annoucement comes. Worst case scenario the company go under but its a risk I am prepared to gamble. On the balance of probability, the company going under within the next few months is slim.
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