The relentless price action downtrend looks to be running out of puff: BPP made its all-time low in October 2022, double bottomed 12 months later and may soon make a higher high (say before Christmas). Volume has spiked high in the last 12 months, & several indicators look favourable IMO.
BPP is a specialty rental and service provider based in WA and QLD, with national service. Rental equipment to customers are: de-watering pumps, hybrid power generation sets and specialist trucks. The company growing its earnings off a low base, has operating leverage & tax benefits and potential multiyear tailwinds for greater demand for mine de-watering. Given that hard rock mining is likely to boom with Gold, Silver, & REE recent popularity it may be a long-term hold IMO. DYOR.....
Daily chart:
BPP Charting
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 13701253 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 16788018 | 4 |
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| Last trade - 16.12pm 01/11/2024 (20 minute delay) ? |
| BPP (ASX) Chart |
Day chart unavailable