The volume argument does not stack up. Below are the monthly equity trades for the past 12 months. Note that the months of May, June & July had the highest trading activity of the period yet UNV shares were at there lowest during this period.
The simple fact is that the market is still risk adverse to the junior resource sector and retail and institutional investors are parking their money in blue chip, low risk, dividend paying stocks, especially where dividend yield is greater that bank interest rates. And the situation will be the same whether its the ASX, NYSE, DAX, or Kalaphumpian Exchange.
UNV Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
