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08-04-2020, 02:30 PM
#6311
Member
Originally Posted by clip
Same here. Just placed a $150 order, (not on BLT), brokerage was $0.75
WHY NOT?
Hard to go past a Company where demand for its product exceeds its ability to fill orders.
Pat
Prediction is hard even with the crystal ball.
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08-04-2020, 02:36 PM
#6312
Originally Posted by patrick
WHY NOT?
Hard to go past a Company where demand for its product exceeds its ability to fill orders.
Nothing wrong with BLT, I already have some, it would put me out of balance if I added more, and there's other stocks I want to pick up first before more BLT!
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08-04-2020, 05:58 PM
#6313
Originally Posted by clip
Nothing wrong with BLT, I already have some, it would put me out of balance if I added more, and there's other stocks I want to pick up first before more BLT!
I've ridden the waves with BLT since 2005. I have added to my holding during the company's many trials, tribulations and false starts - at one point buying a large number of shares at 0.7 cents each so my average cost is now less than 2c. I've never sold a single share and always believed there was a great future for the business.
As a result of of the current market volatility and the upward trend in its SP BLT has shot up to 20% of my 7 figure portfolio. I still don't intend to sell any and will wait patiently for ATM, HGH and a number of others eventually to do the re-balancing for me. In the meantime, there probably will be more ups and downs with BLT but I am really looking forward to the FY20 results - and the forecast for next year.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
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08-04-2020, 06:11 PM
#6314
Originally Posted by pierre
I've ridden the waves with BLT since 2005. I have added to my holding during the company's many trials, tribulations and false starts - at one point buying a large number of shares at 0.7 cents each so my average cost is now less than 2c. I've never sold a single share and always believed there was a great future for the business.
As a result of of the current market volatility and the upward trend in its SP BLT has shot up to 20% of my 7 figure portfolio. I still don't intend to sell any and will wait patiently for ATM, HGH and a number of others eventually to do the re-balancing for me. In the meantime, there probably will be more ups and downs with BLT but I am really looking forward to the FY20 results - and the forecast for next year.
My post was more about the sharesies brokerage in response to previous posters, not meaning to poo-poo BLT at all, if that is how people are taking it? Perhaps not the best place to post it, however this is where the question was raised... In time I will be buying more BLT, however, not while my portfolio has 0 shares of the other companies I want to buy, and some number of BLT dhares
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08-04-2020, 07:10 PM
#6315
Originally Posted by pierre
I've ridden the waves with BLT since 2005. I have added to my holding during the company's many trials, tribulations and false starts - at one point buying a large number of shares at 0.7 cents each so my average cost is now less than 2c. I've never sold a single share and always believed there was a great future for the business.
As a result of of the current market volatility and the upward trend in its SP BLT has shot up to 20% of my 7 figure portfolio. I still don't intend to sell any and will wait patiently for ATM, HGH and a number of others eventually to do the re-balancing for me. In the meantime, there probably will be more ups and downs with BLT but I am really looking forward to the FY20 results - and the forecast for next year.
Well done Pierre! Your long view is a good example of how to get to a 7 figure portfolio.
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08-04-2020, 08:08 PM
#6316
Yeah I admire that Pierre, to be honest I think that idea of bringing your cost average down that much is amazing, will pay off significantly. Who knows when, but when it does, it'll net you a ridiculous return over entering and exiting a lot in the short term which increases your chances of missing a significant milestone
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08-04-2020, 10:17 PM
#6317
Member
Originally Posted by pierre
I've ridden the waves with BLT since 2005. I have added to my holding during the company's many trials, tribulations and false starts - at one point buying a large number of shares at 0.7 cents each so my average cost is now less than 2c. I've never sold a single share and always believed there was a great future for the business.
As a result of of the current market volatility and the upward trend in its SP BLT has shot up to 20% of my 7 figure portfolio. I still don't intend to sell any and will wait patiently for ATM, HGH and a number of others eventually to do the re-balancing for me. In the meantime, there probably will be more ups and downs with BLT but I am really looking forward to the FY20 results - and the forecast for next year.
I can go back further, or can I, to an issue, the maximum take up was $ 15,000 worth, ( I took two lots) I can’t remember the cost per share but the shares on allocation were worth a lot more than the cost. This was clear when terms of the offer made but not a lot of shareholders took up their entitlement. Perhaps that was about the 0.7 but I think earlier. Someone will have a better memory.
Last edited by patrick; 08-04-2020 at 10:20 PM.
Reason: Correction
Pat
Prediction is hard even with the crystal ball.
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08-04-2020, 10:37 PM
#6318
So in a year or two, when we are all allowed to shake hands again and this corona-virus is forgotten, will BLT be making money?
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09-04-2020, 07:55 AM
#6319
Originally Posted by patrick
I can go back further, or can I, to an issue, the maximum take up was $ 15,000 worth, ( I took two lots) I can’t remember the cost per share but the shares on allocation were worth a lot more than the cost. This was clear when terms of the offer made but not a lot of shareholders took up their entitlement. Perhaps that was about the 0.7 but I think earlier. Someone will have a better memory.
I checked my records and bought 1m shares at 0.7 in October 2012. A year later, October 2013, I bought another larger lot at 1 cent. I think one of those purchases was when BLT converted preference shares into ordinary capital to avoid having to pay interest - can't recall which one it was though.
"Don't be afraid to take a big step if one is indicated. You can't cross a chasm in two small jumps." David Lloyd George
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09-04-2020, 08:02 AM
#6320
Originally Posted by pierre
I checked my records and bought 1m shares at 0.7 in October 2012. A year later, October 2013, I bought another larger lot at 1 cent. I think one of those purchases was when BLT converted preference shares into ordinary capital to avoid having to pay interest - can't recall which one it was though.
Good on ya pierre for believing in your conviction.
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