Capital Gain brings Bliss too!
Quote:
Originally Posted by
Paper Tiger
Whilst things do seem to be looking up for BLT and it would appear to be de-risking nicely, the liquidity is still not that great.
I must admit that whilst the idea of buying 300,000 or more shares in one hit is kind of appealing, I think I may wait until they start paying a dividend.
Best Wishes
Paper Tiger
You may have to wait more than a little while for a dividend - but in the meantime wouldn't you be happy with some capital gain?
Buying 300,000 BLT shares doesn't require a major outlay and as for liquidity - well you could have bought that number 5 times over today. If your timing was right you could have made 6% this afternoon if you'd bought at the day's low of 3.1. Just wait for another of the inevitable dips in the SP and leap in. I think there's a very good chance you could pick up 30-50% capital gain over the next 18 months - better return than any dividend is likely to pay.
I'm currently up 75% on a holding of some millions of BLT shares and anticipating there will be much more to come between now and the FY18 result.
I'm also very confident life ultimately will be bliss for shareholders in this company. Patience and belief are required though.
Bon chance
Pierre