BBR    Last:0.128   -

A laggard worth picking up!

The stock has been languishing between 0.025 cents and 0.03 cents for the past four to five years. The recent surge in mid April, without a subsequent decline in price and an increase in volume augurs well for this laggard. Selling pressure on the stock is a sign of recovery, isn't it? Furthermore, this is not a speculative counter and the prospect of it going bust is fairly remote.

 

I don't think the volume in the recent few days is really that impressive. The stock made a big move in mid-april when there was a surge in volume but the volume these few days pale in comparison to that. I think the price will be more or less stagnant for a while.

 

Judging by recent volumes, upward potential real soon. As a construction and engineering specialist group (there aren't that many locally), it shd win tenders to build the two IR projects. Shd turn around real soon.