Finally the long waited tapping into Chinese wholesale distribution network, 22mil AUD for a 8 month contract is a big number, if this works well, we could finally see the light.
11am tomorrow AEST Morgans will host a BFC presentation by Belinda Moore, hope to more insights into this Honda contract and the implying turning over on BFC assets.
Financial results is disappointing but I think this contract will give the SP a good lift to 25-30cents range in the coming week.
I'm a hold now, not ready to cut loss yet.
Last edited by Storm_chasor:
25 cents not 35 cents28/02/17
BFC Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held