What Happened to Blackmore’s Share Price?
Shares in Blackmore Limited [ASX: BKL] rose over 4% today. The stock is trading just under its all-time high of $44. The stock is also moving up alongside the bullish trend of the general market at the moment.
Why Did This Happen to Blackmore Shares?
The stock market is pricing in strong earnings for the company. On 19 January the company indicated strong first half earnings, up 22% compared to the previous corresponding period. The company also pays out a dividend of 3.5%, which has become more attractive after the RBA cut rates on Tuesday.
What Now for Blackmores?
According to the company, they expect ‘to make a full announcement of the half-year financial results on 26 February 2015 when the audit process has been finalised.’
Editor, Markets and Money