Every now and then, I’m asked to look at a share and it provides an immediate cringe. Bushveld has been one such, simply due to the epic name being LSE:BMN, uncomfortably close to the sleeping monster which is LSE:BMR.
It’s easy to think of REM as being just another ramping victim, a pump and dump target. But if we look at the chart from the beginning of time, something quite fascinating is shown (from my perspective) as it seems a trend which dates back to 2005 is being carefully followed by the nice people who decide whether traders eat or not.
Over the last few weeks, readers of this blog will have seen me try to tie the share price to earnings via a PE ratio based fair value price range (which I have assumed to exist between a broad PE ratio range of 10 and 20).
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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