BPC - Burns Philp and Company
- Thread starter chicken
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Re: Burns philp....BPC
Start moving? It's already been moving nicely in the past few years...I think you are right, it should crack the dollar mark this year, provided they don't do anything stupid with the war chest they built up last year.
How far away from establishing dividend policy do you think they are?
Start moving? It's already been moving nicely in the past few years...I think you are right, it should crack the dollar mark this year, provided they don't do anything stupid with the war chest they built up last year.
How far away from establishing dividend policy do you think they are?
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Re: Burns philp....BPC
IT has to go through 92c which is the resistance...speaking to my broker here in NZ he says the same as you it should break the $1...to go towards $1.50...I* think that Graham Hart who owns 52% of the shares will make this company rise even further...he is one smart dud...has a degree in accountancy to otago University...but started off as Panelbeater here in Hamilton...I feel they may annouce a Div. this year to show the goodwill to the shareholders..his friend ERIC WATSON who is also a shareholder in this group is also very,very,very wealthy and one never knows what they are cooking up but I saw one of his last venture go from 30c....to $25..the Whicoulls group..I feel he will get going this year again..the money they got for their spices and yeast I think it was $1.9 billion they reduced debt and are now in a very healthy finacial position to buy new businesses...It certainly saved this group and he is the right man for the job...does not tolerate passengers...marvelous for the shareholders....
:
IT has to go through 92c which is the resistance...speaking to my broker here in NZ he says the same as you it should break the $1...to go towards $1.50...I* think that Graham Hart who owns 52% of the shares will make this company rise even further...he is one smart dud...has a degree in accountancy to otago University...but started off as Panelbeater here in Hamilton...I feel they may annouce a Div. this year to show the goodwill to the shareholders..his friend ERIC WATSON who is also a shareholder in this group is also very,very,very wealthy and one never knows what they are cooking up but I saw one of his last venture go from 30c....to $25..the Whicoulls group..I feel he will get going this year again..the money they got for their spices and yeast I think it was $1.9 billion they reduced debt and are now in a very healthy finacial position to buy new businesses...It certainly saved this group and he is the right man for the job...does not tolerate passengers...marvelous for the shareholders....
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Re: Burns philp....BPC
Possibly good for long term but note that in the very short term the last high was lower than the previous high and the last low just scraped in above the previous low. The growth appears to have dropped short term momentum
Possibly good for long term but note that in the very short term the last high was lower than the previous high
and the last low just scraped in above the previous low. The growth appears to have dropped short term momentumRe: Burns philp....BPC
This maybe so...but see their anouncement which should be out within a week..yes for longterm...but growth yes for that as well...this stock will supprise and I feel this group has the potential to rise to $1.50....their turnover in $$$ terms could be as high as $4billion $$$$$$...so wait and see after all it will supprise...and then HI HO UP SHE GOES..... :bong:
This maybe so...but see their anouncement which should be out within a week..yes for longterm...but growth yes for that as well...this stock will supprise and I feel this group has the potential to rise to $1.50....their turnover in $$$ terms could be as high as $4billion $$$$$$...so wait and see after all it will supprise...and then HI HO UP SHE GOES..... :bong:
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Re: Burns philp....BPC
I have to agree with chicken.
BPC has been on my radar because of the charts and have also bought into it. 25 contracts of call options that is.
:bong:
I have to agree with chicken.
BPC has been on my radar because of the charts and have also bought into it. 25 contracts of call options that is.
:bong:
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Re: Burns philp....BPC
Oops... sorry, that was supposed to be 30 contracts
Oops... sorry, that was supposed to be 30 contracts
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Re: Burns philp....BPC
Enthusiasm and hope are good to see, but dont spend your money on them. I wouldn't buy now, at least not until its established its present low. Even then I'd be cautious.
Enthusiasm and hope are good to see,
but dont spend your money on them. I wouldn't buy now, at least not until its established its present low. Even then I'd be cautious.
tech/a
No Ordinary Duck
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GreatPig
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Re: Burns philp....BPC
Taking a longer term view, it looks to me to be at the peak of one of its periodic cycles. If it continues in the same vein, I wouldn't be surprised to see the price fall down to 70 cents or lower. And the current formation looks a little like a reversal pattern.
I'd certainly be waiting to see what happens before buying.
Cheers,
GP
Taking a longer term view, it looks to me to be at the peak of one of its periodic cycles. If it continues in the same vein, I wouldn't be surprised to see the price fall down to 70 cents or lower. And the current formation looks a little like a reversal pattern.
I'd certainly be waiting to see what happens before buying.
Cheers,
GP
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Re: Burns philp....BPC
One of the broking houses are saying NEXT STOP is $1.15....re coming back to 70c..well we can dream about it as a wall of money is hitting the market and the likelyhood of this share coming down is like saying its giong to rain everyday in QUEENSLAND...not very likely..as the company is in a healthy finacial situation...and their debt level is now very low to the fompany I think its 25% to assets...they are turning over something in the vecinity of $3.5 billon...after all they are Australians largest food manufacturer...like oil..you need them...: :aus:
One of the broking houses are saying NEXT STOP is $1.15....re coming back to 70c..well we can dream about it as a wall of money is hitting the market and the likelyhood of this share coming down is like saying its giong to rain everyday in QUEENSLAND...not very likely..as the company is in a healthy finacial situation...and their debt level is now very low to the fompany I think its 25% to assets...they are turning over something in the vecinity of $3.5 billon...after all they are Australians largest food manufacturer...like oil..you need them...
: :aus:Re: Burns philp....BPC
BPC spiked yesterday...check it out it was 3c higher and next stop $1.15 as per broker recomendation...this stock will suprise as most of the debts are paid..so, much higher profits...will reflect in the share price could go as high as $1.50......as soon as it gets through 90c today which it looks to achieve...check out the depth...looks good today results should be in soon:
BPC spiked yesterday...check it out it was 3c higher and next stop $1.15 as per broker recomendation...this stock will suprise as most of the debts are paid..so, much higher profits...will reflect in the share price could go as high as $1.50......as soon as it gets through 90c today which it looks to achieve...check out the depth...looks good today results should be in soon
:
tech/a
No Ordinary Duck
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Re: Burns philp....BPC
Chicken.
Thats not a spike.Its simply normal price action.
Trading above 90c would generate interest from the market and that may well happen.
Chicken.
Thats not a spike.Its simply normal price action.
Trading above 90c would generate interest from the market and that may well happen.
tech/a
No Ordinary Duck
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RichKid
PlanYourTrade > TradeYourPlan
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Re: Burns philp....BPC
If 90c becomes support after a breakout it may be a different story.
Agree with you GP from a buying point of view that would be the best opportunity chartwise, I'd buy on the upswing once it hits the trend line somewhere below 70c.GreatPig said:
If 90c becomes support after a breakout it may be a different story.
RichKid
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Re: Burns philp....BPC
I'm not committed to BPC eitherway so if it holds the support shown in tech's chart and breaks through to new highs that's fine with me. Or it may just fall to support mentioned, I'm just watching the chart, no drama- the trend could very well change but there's not evidence of that yet. I'm not considering fundamentals in that view.
I'm not committed to BPC eitherway so if it holds the support shown in tech's chart and breaks through to new highs that's fine with me. Or it may just fall to support mentioned, I'm just watching the chart, no drama- the trend could very well change but there's not evidence of that yet. I'm not considering fundamentals in that view.
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