BPT 1.37% $1.44 beach energy limited

summers over! now it's beach weather!

  1. 445 Posts.
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    I think it will only get better from hereon.
    Last Thursday 95m odd & Friday 21m shares.
    We haven't been there much before.
    I think the instos are using this opportunity to gather their shares.
    The extra rights issue will ensure we stay in the ASX100 & any doubts the instos had of us staying there were allayed by the issue.
    Easter may slow things, but wait till after.
    If we jump from our average 7m turnover to 20m odd per day,
    it probably will make it too dangerous a place for B of A & other germs.
    The rights issue should have priced us at $1.41 odd & one would think the buying after the announcement would not have had time to be on books by 30thMarch, so the $1.49 odd low is encouraging.
    Rights holders may get 8 cents per right if they are able to be sold.
    I'm keeping them.
    Go beach
 
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