Well - it is at the moment!
It certainly feels like a bit of irrational exuberance to me, but we might know whether Mr Market is onto it or not if we get an update from the company later this month.
Meantime it's fun watching the rise in the SP.
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An important consideration is that there is not only rising price but rising volume as well.
Although not massive in absolute $ terms [yet] there is reasonable enthusiasm building for BLT.
I personally believe that BLT is on the road to increasing revenue and profits, but am surprised by the rapid increase in market price of late.
For the moment momentum rules.
I do not know, hard to value a company like BLT. However I see a few similarities between BLT now and ATM in its early days.
Both companies have a product which can be promoted with possible health benefits.
Both companies also can promote their product as if it won't benefit you it is unlikely to harm you.
On a price to revenue ratio, BLT is cheaper than ATM.
I attended the latest AGM, must say was very impressed. Quite a few new appointments have been made and it seems to me this company is setting up a structure to maximise it potential.
Like ATM in its earlier days, it seems to me a high risk great potential company. The way the share price is behaving on higher than usual volume in what should be the lower volume holiday period shows there is someone else seeing potential.
LOT of potential in the years ahead. Looks expensive relative to earnings but fast growing companies in hot sectors always do. Healthcare and technology are two key themes for the 2020's in my opinion.
P.S. I agree with what forest has just said and I know he looks at things with a healthy degree of skepticism so I get some comfort from him looking into this. I have taken a modest opening position today. Should have bought in 2019 but I had a fair bit on my plate that year and very happy with results so better late than never.
With 1,107,653,565 shares on issue you should have no trouble buying more...lol.
Yeah you can buy half a million and it hardly even makes a dent in your account, cool eh !
Healthcare a huge growth area...everyone taking supplements to try to not to feel as old as they are, know the feeling ? :)
I take a whole handful of supplements with my lunch everyday...I work on the theory that maybe one or two might be doing me some good and the rest probably cancel each other out :lol:
Nah, I'm an apple a day for breakfast kind of dog.
Revenue for 6 months to 30th September was $5.2 mil.
EBITDA [earnings before interest,taxes,depreciation,and amortization] was $1mil.
I will just keep them on my watch list in the meantime.
That said, it is fantastic seeing them gaining traction.
ps.I do have rather a lot of another Dunedin originated company,which thankfully is profitable,ie producing a growing net profit.