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From: | "G P Thompson" <gp.thompson@bitworks.co.nz> |
Date: | Fri, 14 Apr 2000 12:37:24 +1200 |
The recent fall in BDO from $0.25 to $0.15 bears no relation
to the performance of the company. The company now has $7 M in shareholders
funds and has been trading for only a few weeks since the IPO. There has been no
disclosure of trading performance since then nor would one expect any. The only
people unhappy are those Traders who stagged the issue expecting bigger fools
than themselves to clamour for the stock after listing. They were wrong so
tough luck. Perhaps BDO could now begin buying back their own shares from their
IPO subscribers at these bargain basement prices with all the new booty sitting
in their bank. How's that for having your cake and eating too! Imagine the scene
in 6 months time when BDO announce that profits have substantially exceeded
expectations forecast in the prospectus. Genuine investors will the be laughing
all the way to the bank. That in a nut shell is the difference between Traders
and Investors.
GPT
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