Ann: Refinancing and Market Update-BOL.AX, page-10

"So, why are we rising? An announcement coming?"


@ShareJagger,

I have no idea why "we are rising".

Seems to me like, combined with the end of tax-loss selling at the end of June, the market has happily bought into the "the-worst-might-be-over-and-things-might-start-looking-better-soon" story line from management.

Me, I dunno so much... I would far have preferred it if the investment thesis was more a function of internally-driven self-help, than it is relying on the external environment hopefully improving.

The difference being that management have a degree of control of the former, but the latter is in the lap of the gods.

Still, I'm not complaining. (Although I do prefer to make my profits in the market by being fundamentally right than being merely lucky.


As to your question about the possibility of an announcement coming... er... not sure how you missed it, but one just happened.