British Polythene Share Discussion Threads

[makingheaps] 09/4/2010 14:20

This has got to be one of the best value shares around at the moment.

[cockneyrebel] 08/4/2010 15:30

Bouncing bang on support by the look of it - nice tight spread too. Bid has moved up a lot in the past half hour.

CR

[cockneyrebel] 08/4/2010 13:46

Buyers in today - must bounce soon imo.

CR

[makingheaps] 30/3/2010 18:29

Yes I think so, all the way back to £3 and even there they are decent value

[cockneyrebel] 30/3/2010 15:24

Bounce here?

CR

[cockneyrebel] 29/3/2010 12:45

Iliiquid imo.

If you look at recent volume you'll see it's very light recently, compared to the volume on the rise.

You get a fund that wants to sell and they mullah the price if there's no big buyers around. Best time to take advantage as a buyer when theree's a seller around.

CR

[makingheaps] 29/3/2010 12:26

I am surprised we have now come 20% off the recent £3 high in a generally positive market. Anyone got any theories as to why? Collapse of sterling against the dollar increases costs? Thinking of topping up at £2.50.

[calahan] 26/3/2010 13:09

It could bounce from here, but I'm not convinced yet. Since the rise today is a bit artificial given yesterday's close was 253-258, so the share hasn't really moved today despite its supposed 5% rise (250-260 at time of writing).

The daily price changes often mean little with BPI, as the price is usually set at the end of each day based on what the price of the last trade was. Last trade yesterday was 247.75p @ 16:36, which accounts for today's 12.25p (5%) rise due to a trade at 260p. This also messes the charts up a fair bit.

I find that the only way to follow BPI is to look at the Bid and Ask price each day. As the Current price can often be misleading.

[cockneyrebel] 26/3/2010 12:00

Looks like a bounce here - might rise as fast as it fell - fall was on little volume, shouldn't take much to get it back up there then perhaps.

CR

[s34icknote] 25/3/2010 21:57

Glad i switched. Other stocks moving better for me. its good value but this one may take more time than general market. think people are selling cause its not moving>
Hope to return soon to buy twice as many !

[cockneyrebel] 25/3/2010 20:19

Fallen on pathetic volume like so many other stocks at times. I think the 7.5p fall after the divi came at a time when the stock was near some stops - reckon that took it through and set the ball rolling.

Good buying level of 252p and that big previous high there - having bought a small few recently I've been waiting to buy more if it got this low.

I know for a fact MacFarlen, DS Smith and Mondi are seeing business improve a fair bit.

Good thing is the rises are strong on little volume too.

CR

[costanz] 25/3/2010 19:36

Difficult to tell but given the drop over the past few days has occurred on volume of less that 100k I am not too concerned yet. Exactly the same thing happened a few months ago and look at the rebound. With exchange rate getting lower and economy stabilising I am happy to hold (and in fact increased my holding today at 256).

[carver66] 25/3/2010 18:28

Well this is under 250p already.......is this just another short spike downwards or something more sinister?

[calahan] 22/3/2010 12:16

Finished selling all my holdings here this morning. Enjoyed the ride up from 140p, and will be looking to return here at a later date for another journey north.

Still think the share has a good future, and could (and probably should) be above £4 in 12-18 months time if the economy recovers. I was expecting the results at the start of the month to reignite some interest in the share, but that hasn't materialised unfortunately, and reckon this will drift between (and on the lowside of) 250p-300p for the next few months, meaning there are simply better plays out there for funds right now.

Good luck to all holding. Can't see any downside with BPI unless the economy ends up back on the rocks.

[s34icknote] 19/3/2010 20:36

looking to get back in middle of year. this was 60% of my portfolio but switched to lloys barcs gmg and hmv.
Problem in this game is some shares stand still inbetween news.feel BPI are struggling to break £3.

[costanz] 11/3/2010 19:26

haha - I stand to be corrected :-) Thanks

[v11slr] 11/3/2010 19:11

Your wrong. :-) Dividend record date is 12th March but ex-dividend is always 2 days before ie 10th March. This allows time for the registrars to make the changes to the share register.

[costanz] 11/3/2010 19:01

Correct me if I am wrong but isn't ex-dividend day March 12th - in which case the dividend has nothing to do with price movements today. All things equal you would expect the share price to drop by the dividend on the ex-dividend day - indicating a theoretical fall of 7.5 cents tomorrow.

[cockneyrebel] 10/3/2010 18:48

Down 10p on the ask actually - 275p-285p close.

yep, sorry Calahan - I see I put next week rather than this week - the 10th crept up on me :-)

The beauty about dips on the divi is that soon after the price looks all the nicer to a buyer who tends to forget the fall was on going xd.

A PE of 7 or less, a near 4% yield, a positive outlook statement and a director buy of 50K and the co picking up loads to use in the LTIP.

A bunch of positive buy indicators I'd say.

CR

[nicd] 10/3/2010 18:33

factored in plus! 7.5p divi, 17p drop

[calahan] 08/3/2010 13:36

FYI - XD date is Wednesday 10th March (so this week, not next week).

Edit: Also wouldn't be surprised if the divi payment fails to get factored into the shareprice on the XD date. Seen that happen several times in the past on low volume SETS stocks.

[cockneyrebel] 08/3/2010 12:00

50K director buy and the co buys 100K for the pension.

Back in for a few here - goes xd next week for a 7.5p divi too which is nice.

CR

[costanz] 03/3/2010 04:03

The current price should be supported by the current dividend yield - especially when the board has indicated the current dividend payout is conservative. Relative to prior years the EPS is higher and dividend lower, indicating when markets stabilise and the economy is in full swing recovery the dividend should increase significantly.

Unless some large institutions / funds want in over the coming months, unfortunately I feel BPI price will be dictated my the movement in the market.

[carver66] 03/3/2010 02:18

A decisive break above £3 is what we need.................