BLV 0.00% 1.6¢ blossomvale holdings ltd

rebel1,ever thought the reason you are now making money is...

  1. 2,472 Posts.
    lightbulb Created with Sketch. 32
    rebel1,

    ever thought the reason you are now making money is because the market going up? ie nothing to do with stock picking but just because the whole market has gone up?

    you would probably be better off trading the SPI futures contract on the ASX200, ie pick the direction not the stock.

    $200k less tax is = $120k.

    as for the options, they were traded at $0.04 a few weeks ago and the person buying the options at $0.10 paid up. so someone in the know was buying those options not some punter.

    my gut feel is that if a private equity company does bid they will need to do it before NMS wins that Qatar gas contract. If they dont bid by then and NMS wins the contract they will really have to pay $0.60+ to get the stock, on the other hand if NMS dont get the contract then expect a bid in the mid to high $0.30's.

    if you strip the $5m Pluto contract loss out they would have made close to $10m this year, which puts it on a PE of 10x. For a growth stock 10x is way too cheap, probably 20x is more realistic for a small company growing earnings fast. so at 20x the share price should be $0.50, if they push the earnings back to $20m then we will have a share price closer to $1.
 
watchlist Created with Sketch. Add BLV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.