Post by
modulex on Nov 15, 2017 6:36pm
N.A.P.E.C. : A MYSTERIOUS STOCK
when reading about napec, it is an open secret that there are takeover talks going on behind the scene. the share price drifted to $1.31 today but closed up a penny higher than yesterday, to close at $1.34. it has traded in that pattern since the hefty buyings by Desjardins Securities which started in september 2017 at $1.20 up to $1.35. the 52-weeks high is $1.36 the stock cannot be lifted at this slow pace for ever. i expect to wake up one morning and learn of a sale. napec is afterall operating largely in the United States. So, an american competitor will take it on without any doubt.
Comment by
Vimon66 on Nov 15, 2017 7:07pm
Mysterious indeed! It looks like it is artificialy maintained in order to justify a floor level share price that will be used as leverage for some upcoming transaction or to ensure a higher sale price. We are probably not helping their cause by talking about it, but it seems so obvious. They should Tell us...