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think you are right....looks like there is algorithmic trading in place... designed to keep prices within a narrow band....wonder if it is the foreign shareholders who danced within¹ the algorithmic trading......
predicaments faced by retail investors rest with the once a year dividend policy....in between, there is no broad market interest in this counter....meaning it will be challenging for retail investors to realise trading profits in the lull period...
this counter is "spooked"...
strong fundamentals but trading below its true value n hovers within a declining narrow price band....not surprised if it goes below $3.....
can analyze the current and expected future P&L performance to death...what's the use if not translated to equitable dividends n in turn, drives it to its rightful share value?....
