BAL 0.00% $13.23 bellamy's australia limited

Patience is a virtue! Looking back when I first got in, I had to...

  1. 286 Posts.
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    Patience is a virtue!

    Looking back when I first got in, I had to make a decision between A2m and BAL and went with BAL as they had the first mover advantage, I did not expect the monumental corporate governance screw up!

    I had bought 5 parcels, approx outlay 17k AUD (I'm in my twenties) in mid 2016. Almost all my savings. I lost a few nights sleep when this hit $3.83.

    There was nothing wrong with the sector, the product just the management so when the new team appointed, I threw another few grand at $5.70 and participated in the full amount I could in the Share buy back ($4.75 I believe) lowering my average price to ~$8. I'm at approx 100% return and couldn't be more happier! Thing is, I cant foresee any reason to sell at the moment, CFDA approval will get us near the $20 market and once we have a year or two of China sales/future projections I think the Sky is the limit! lets hope that this year as as good as the last one (apart from Jan 2017 )
 
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Currently unlisted public company.

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