British Polythene Share Discussion Threads

[limit up] 26/10/2010 11:06

nicd.
perhaps news out on the pricing probe from the eu shortly.i bought in at 220p 17000 shares as the stock looked far too cheap,looking 2 years out..
regds

[nicd] 25/10/2010 14:45

and a nice little rise today

[nicd] 21/10/2010 07:52

just gone ex div

31 Aug 2010 Interim GBP 3.65 31/12/2009 31/12/2010 20/10/2010 22/10/2010 18/11/2010

[s34icknote] 13/10/2010 19:24

think this will move very soon , all other small stocks moving up fast now
only a matter of time!

[napoleon 14th] 07/10/2010 12:19

I checked the five year chart & it really turned me on!
The story remains the same, but the long term targets are 400, 500 & 700p.

[napoleon 14th] 07/10/2010 12:13

I can't post charts, but think I can read them.

There's a rising support on SP, MACD & RSI...

SP:

RISING SUPPORT.
BPI has one since 115p mid 2009, straight up to 190p mid 2010.
I extended this off-chart & note the current share price is only just above it...
2 me, that means there's only very low risk here.

FALLING RESISTANCE.
Take the double top & the lower highs from end 2009/early 2010 (when I should have sold, had I been on the ball!) & extend....
The current share price is not far below it.

So we have a triangulating stock; that triangle completes around the new year. share price will go either up or down; my bet, using the fundies, is UP.
IMHO that movement could be quite spectacular, up to 300p no sweat.

MACD (12/26) has rising support since april '10.
+ive & now due to bounce off it.

RSI (30) also on rising support since june '10.
+ive & now due to bounce off it.

I rate this a buy, both short & medium term.
Putting my money where my mouth is...............

[makingheaps] 09/9/2010 19:01

That latest research note is less than inspiring. You need to really understand the history of the business to pick out the positives. I fear we are going to be becalmed at this level until there is a general improvement in the sentiment towards cyclicals. Medium term there a 50% upside from here in my view

[steadyitgoes] 06/9/2010 12:09

Latest note -

[darkfratboy] 02/9/2010 13:32

I REFUSE to take advice from Midas when they can't even get the name of the company right!

[limit up] 02/9/2010 08:53

i was suprised it never went up on the figures,but there we are delayed reaction,remember the dir bought as well before they went into the close period before the figs as well,it would not suprise me,if they add again to there holdings,but there was no voloume as such yesterday..with a mkt cap of only 55m ,it is too small to be on many radar screens as regards the fund managers..

[makingheaps] 01/9/2010 16:26

Wow! Thats a pleasant surprise. I didn't think we'd see 9% in a day. Limit, you are going to make a lot of money with that amount of stock. Alas I only have 1500.

[limit up] 01/9/2010 15:58

makingheaps..
the other reason i bought the stock 2 weeks ago besides the valuatuon which looked very cheap,was the chance of the co being looked at by others in the industry,if it remains on such a low valuation at this stage of the economic cylcle .They were my thoughts at the time,buying the stock was not easy ,i got one clip of 10000 shares ,the rest had to come in 2000 shares ,there was no stock around,at the time..fingures crossed in 2 years time..
regds

[makingheaps] 01/9/2010 10:08

I completely agree. There was one year when they actually made earnings of 50p a share if I recall correctly and with the revised cost base that should in theory be possible again in the right market conditions. This is a stunning recovery play but as always timing is everything. They got a decent but slightly lukewarm write up in the Times this morning. I have been in and out many times over the last few years (not as many as 20!!) and always held a few and enjoyed the dividend

[limit up] 31/8/2010 10:56

makingheaps..
interesting comment,i have known this stock for 20 years,and i have left the stock well alone ,untill the last couple of weeks for a recovery,it will be re rated slowly,the trading statement by the mgmt was as up beat as they have been for a very long time,and they are so conservative..also they own short of million shares between them,which will focus them..if you look to 2 years out you could easily see 400p,on forecats currently in the mkt,for the stock..long term here..
regds
regds

[makingheaps] 31/8/2010 10:27

Price holding up in a weak market. Assuming 10p earnings in 2nd half excluding one offs making 37p for the year and a PE of 6!!! Plus a dividend of 5% covered 3.5 times. These are worth at least £1 more and possibly £2 than the current level. Borrowings are down from £76m to £49m in 18 months as well. I guess the competition enquiry still hangs heavy.

[nicd] 31/8/2010 09:09

yes, a Buy, or at least a hold

[limit up] 31/8/2010 07:27

The figs look as good as expected in line with investecs forecasts, dividend up,debt down,and a reasonable trading statement,also an interesting remark on the on going EU investigation,which i felt was to the point.
regds

[nicd] 29/8/2010 13:06

News article but no new info in it



It is unclear whether the company, which has 40 per cent of its group sales outside the UK, with plants in Belgium, Holland, China and North America, will have any more information on the probe when it posts interim profits next Tuesday.

There are no City forecasts for BPI's interim figures, due out this week, although Edison forecasts a slight fall in pre-tax profits for 2010 to £15.5 million from £16.3m in 2009. Both Edison and Investec, another leading broker that follows BPI, which is also a big supplier to retail food chains, forecast the full-year dividend will be held at 11p.

Cameron McLatchie, BPI's executive chairman, is expected to reveal that conditions remain tough in the depressed construction sector, which traditionally chips in about 12 per cent of the company's sales

[limit up] 23/8/2010 09:19

have bought 18000 shares over the last 2 weeks at an average of 221p,i am taking a 2 year view on the stock,for a recovery..
regds

[nicd] 20/8/2010 13:27

a tick up an a down day, and with no volume

[gswredland] 16/8/2010 20:56

Lets hope it continues till they release a statement on 31st and beyond

[new tech] 15/8/2010 09:25

Interesting chart recovery in last 6 weeks.

[nicd] 07/8/2010 19:46

Looking for announcement of interim divi end August.

[nicd] 05/8/2010 15:55

indeed, perhaps breaking out up

[gswredland] 27/7/2010 08:18

Looking more positive.