What shall I do with my Blumont shares ?......Can I buy Blumont shares at the current level - the downside seems to be limited.....how did I try and answer these two questions Friday, 18 October, 2013 9:51 AM
Posted by Kevin Scully
...Posted by Kevin Scully
On the day that Blumont shares were relisted as designated securities, I was approached by two investors to ask what they should do about Blumont shares. The two investors were in totally different positions (see below):
Investor 1
Investor 1 was an existing shareholder of Blumont who bought the shares at a high price (I didnt ask the level but I presume it was before the suspension) for cash but had pledged some blue chip shares as collateral for his investment in Blumont. His question to me was is there more downside to Blumonth shares now ?...
Investor 2
Investor 2 was an opportunist who didn't own ...
