June 13, 2013

Pharmaniaga-So Tightly Held

Boustead's Baby

The best ex-bonus and ex-split price was registered on 5th June where it touched RM 4.87.

The lowest price was RM 4.48 yesterday (13 June 2013)

Interestingly, there was no great selling in spite of the split and bonus.

The volume ranged from 205,100  on 7th June to 1,061,720 on 29 May 2013.

As such,one can see that Pharmaniaga is a collector's item and will go up with time with Boustead buying into it at the sideline.

Once the sellers disappears, then expect some ramping action even on small volumes.

Could be a perfect  time window for collection for retailers as well.