QUICK SNIPPET – VERY HEAVY VOLUME IN BUMI INTO THE CLOSE

After hovering between 250p & 280p for weeks the volume in BUMI this afternoon and in particular into the closing auction caught my eye – almost 1m shares uncrossed and the stock closed at 268p – just under the high of the day and above then then VWAP by quite a margin (one of the benefits of having Level 2 access and which is FREE at www.ise-spreads.com to account holders).

See the chart below and this blog here – (http://www.spreadbetmagazine.com/blog/bumi-endgame-scenarios.html) for our assessment of the likely outcomes.

News early next we methinks.