British Polythene Industries (BPI, SP=349.5p) - Resuming Uptrend?

BPI closed tonight at 349.5p which, although not in itself a significant rise, does seem to confirm the possible resumption of the uptrend that had been in place from February 2011 to March 2012. BPI has been in a short term (against the trend) drop, indicated by the blue dotted lines on the annotated Sharescope chart (below)...

Note that the OBV has increased significantly this Spring and the Key Metrics (below), show a strong position...

I've underlined some key points, namely:

• Reducing Debt
• Reduction in Net Gearing
• Increasing Profit
• Increasing eps (47.66p in year to 31.12.2011)

The other factor that interests me is the low PSR (0.18), which seems to be low for a Company that has an operating margin consistently 3 to 4% of turnover.
 
As you know, this is one of our Share-Picks for 2012, contained in both the DIY-Investors Passive Portfolios and my Actively Managed Portfolios. It will be interesting to watch BPI's progress over the next few months.

What you think of BPI's prospects?

As usual, my recommendation is to check it out for yourself and make up your own mind as a "DIY-Investor".

Mick.