Trading Idea: ISDN (I07)
Technical reasonings
1. Heavy accumulation over the last 3 years.
2. To break away from 0.30 and above in 3 months.
Fundamental reasoning:
1. Novo Tellus recently bought a 6.4% stake in ISDN through a new share placement (at 20 cents apiece). https://www.nextinsight.net/story-archive-mainmenu-60/942-2019/12905-isdn-holdings-what-novo-tellus-sees-in-it
2. Asian stocks which are trading at low enterprise value-to-operating income multiples. https://seekingalpha.com/article/4279659-asian-idea-generator-weekly-follow-smart-private-equity-money
stay tuned!
