Midday Market Overview

KEEP an EYE

Stock :BVC
price :29.75 / 30p

A good chance of doing a -DOUBLE BOTTOM - and with that a reversal of the las few month downtren like the rest of the market. Results due next February expected to be very good by statements and already record Interims.


                                                          re -double bottom
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.

More information about BVC..........

Lattest calculation for BVC of a historic a future P.E.

My calculations give the PE on Historical 2007 terms a very low PE at the moment
5.08c at $1.50 gives 3.38p

Historic
Share price 29.875p : EPS 3.38p = PE of 8.84

Shares should be valued on future earnings, so taking my Forecast 2008 of 8.07c it takes eaning of 5.38p a very low PE 5.57 and not taking account of the $60M the company holds as cash worth over 9p

Future Dec 2008
Share price 29.875p : EPS 5.38p = PE of 5.57

End-of-day Market Overview