Is Panmure Gordon (PMR) a Recovery Opportunity?
Panmure Gordon (SP=19.5p, MCAP=£30.1m) seems to be undergoing a recovery, having seemingly completed a sloping (and untidy) inverted Head & Shoulders pattern, see below...
The resistance level at about 19.5p, had previously given support (in late 2008/early 2009), as can be seen on the longer term graph (below)...
Panmure Gordon - Key Metrics
What stands out on the Sharescope "Key Metrics" (below), is the fact that a large part of the MCAP seems to comprise cash (£11.687m as at 30th June 2012, see the PMR Interim Results).
Recent News
With the improvements noted in the interim report and recent good news (see above), coupled with a rising share price and strengthening OBV, Panmure Gordon looks like it's worthy of consideration by us DIY-Investors. What do you think?
