This is a continuation of my earlier posts on BBR Holdings, so I shan’t go into the basic stuff. This post should be a quick update.
The company released it’s FY16Q4 results, and I’ve torn into it. Again, nothing too surprising in there, everything is within my projections. I have lightened my stake in the company a little this month, but that’s not because of the financials, but simply because of portfolio allocation reasons. It’s simply too large a proportion. And more importantly, I’ve been working on a new idea (brought to my attention by a reader some time ago), and would like to have more capital ready if I decide to enter.
Let’s start with the good stuff first.
EMERGENCE OF A NEW SUBSTANTIAL SHAREHOLDER
The share price has increased rapidly of late, mainly due to the emergence of a new substantial shareholder buying up shares in the market. ......