serious rerating ahead, page-12

With less than 130m on issue, these stocks can run hard on any bonefide investment entering the register. They tend to jump around for a few days on traders taking profits but because with each run a few more million shares leave the short-term market eventually causing less and less on the sell and then up it goes.

I would say what is happening now is just the start of a much larger re-rating over the next couple weeks. I would not be at all surprised if it closes in the 20s early this week if not Monday, depending on the traders to investors ratio.

There also seemed to be some capping of the SP at 19.5 on Friday, so once the investor associated gets their fill, expect the sell side to run thin.