Bellamy and Bare Trusts

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Question: What are your thoughts on Bellamy’s share price? It’s had a great run over the last 12 months.

Answer (by Paul Rickard): Bellamy (BAL) has been an outstanding performer.

I note that the broker Morgans recently lifted its target price from $8.70 to $13.90 – apart from that I can’t find anything else responsible for its latest run up.

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