GPASAS, I have been interested in PPX and API. Share price rises, though, for those two, may have had different catalysts than the lack of SP in ELD (whixh is ione of the first shares I ever had an interest in, and never bought, luckily). PPX is said to need a recapitalisation at 1/3 of its own body weight or market cap. I would expect that to be discounted, due to its fragility. I see, rightly or wrongly, that this share price rise, has to do with increasing the SP so as not to have the raising price as too much of a shock.
As to API, SIP's SP as fallen a bit- for the first time in months and months, really, and API's SP is on the rise. Could it be that SIP is moving again on API, and the market feels it, and is moving into API? API has had huge depth lately- unlike previously when it was sold down. Something is afoot there. The AFR has also had articles about API potentially selling its chemists. If that occurred, API could get a special dividend like SIP did.
None of us know what is going on with any of these shares, but a SP rise often has something going on in the background- not just "it's time". ELD will get cheap enough at some point, and people will buy in. However, ELD reminds me a bit of MMX- risky and out of favour. PPX has been like that, too, but as I said, a pump before a capital raise is not unknown in our markets. These beaten down shares need a catalyst. I don't know that ELD has one yet.
ELD Price at posting:
25.5¢ Sentiment: None Disclosure: Not Held
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