IMO there is no point in discussing they should have started BB at 1.45 and so on. The fact is the management has decide to BB after the closure of the deal and soon after they did Period.................
Now in the bigger scheme of things buying 3% lower doesn't matter for three reasons
1 No one can time the market including the Bingos management hence why they are buying the SP gradually
2 If you look at the shorted share as on 21st March 2019 there are about 40million shares shorted now hear me out with 70 odd millions put aside for BB we can easily scoop all the shorted shares over a period of time. we are currently at 7% shorts imagine what it can do to the SP
(which is already undervalued not just according to me but also according to management, and many brokerage firms)3 Just to put Icing on the cake not just Bingo industries, long funds accumulating the shares........
we know our directors using their personal wealth to accumulate aswell (Mr malouf has just started in a big way and daniel has not even started buying)
Now the above is what we need to look into, thats biggggggg
Go Bingo
Dyor
AIMHO
SS
