BPG rising again on back of Ecommerce deliveries

I must confess that the continuing fall in the SP leaves me perplexed. We are now on a yield of 5.2% which should underpin the price. My informal discussions with one of their junior managers leads me to believe that the company continues to progress well. Finally, whilst the profits warning was bad, it was not dire and certainly did not justify the £3 fall in the SP.

It seems to me that this is a gross over reaction to the warning and represents an opportunity to invest in a well run company which has an excellent chance of meeting their declared target of 3% of the £5.6 bn postal market by 2007.

For these reasons I have doubled my holding ahead of the results on 15/11 and intend to add more if they announce further good progress in capturing sales in the postal market business.