BKL should hold to $130 and will then move upwards as I believe they have now pushing sales locally as well as overseas. The drop from $220 to $ 80 .............is something I cannot explain - too large or great a drop for a company that was experiencing some short term problems (in my view).
I have no information on the joint venture with BEGA on the infant formula business. Seen the tins at Discount Chemists - but have not been able to follow up.
Understand that feelers were put out to IRAN a year back, and if trading commences, the market will be as large as China. Here is where politics can influence the future prospects of BKL
BKL Price at posting:
$138.54 Sentiment: Hold Disclosure: Held