BIN 0.31% $3.23 bingo industries limited

Director buys, page-11

  1. 5,445 Posts.
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    I think people should 'temper' their expectations in relation to the BB ?

    The BB is subject to certain ASX rules that involve VWAP, percentages, etc etc

    https://www.asx.com.au/documents/rules/Chapter07.pdf

    While the BB is a good thing IMO, it will take time to achieve any substantial increases in the share price .... it will however keep the shorters on their toes.

    The company may even increase the amount from $75 after the divestment of the Banksmeadow facility; who knows ?

    I just think we need to be a little realistic regarding the BB effect .... quoting things like $2 today IMO is a little unrealistic and if it does reach that (so happy for it to trust me) it won't be because the company has poured millions into purchasing shares today as the "cap" on the price to enable BB purchases today through ASX guidelines is far less than $2 - just sayin' GLTAH
    Last edited by col69: 15/03/19
 
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