KBSF up 16% with good volume. KBS Fashion Group Limited (KBSF)
Beginning Price: $2.21
Current Price: $3.20
Gain Since Inception: 45%
Target Price: $10.00
Upside Potential: 212%
Market Cap: $8.3 million
Shares Outstanding: 2.59 million
Float: 1.47 million
KBS Fashion Group Limited (KBSF) rose 18% to $3.20 on 4.7 million shares traded on Thursday, largely as a sympathy play to Ever-Glory International Group, Inc. (EVK) which rose an incredible 150%. KBSF has performed well, increasing a solid 45% since our alert back in June. This steady increase among a few high volume spike days shows that the stock has formed a strong base over several months and is ready for its own EVK-like breakout. We are up to 942 followers despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can follow our blog by clicking the follow button on the top of the left hand panel as well as follow our Small Caps, Big Gains blog where we put up our Canadian picks. You can also follow us on Twitter @StockTradePicks which has over 4,700 followers.
Our $10 target is not just based on hopes of a breakout, but actual fundamental value as the company has $6.32 per share in cash and a book value of $19.35 per share. KBSF has only 2.59 million shares outstanding and 1.47 million float as insiders and institutions hold half of the shares. (see Yahoo Finance stats).