In sight of its 12 month anniversary as a listed company, Becton Property Group has continued its humble run.
Over the past 11 months, Becton has rarely been above its listing price of 50 cents with its shares still being tightly held by Becton directors, friends, family, but especially founding chairman Max Beck, who still owns around 50% of the stock and is seeking an exit strategy.
Yesterday, Becton shares dropped 2.13% – or 1 cent to 46 cents. Just 10 days ago, Becton hit another new low when on 25 May its shares landed at just 43 cents.
This year, just 25 million shares have changed hands and in the 11 months in its listed existence just under 40 million shares have traded.
By Ted McDonnell
