Blumont's staggering stock performance raises many questions

INVESTORS of Blumont Group, whose stock is arguably one of the best performing this year, would be laughing all the way to the bank had they held on to the shares they bought early this year.

After hovering at around 20 to 30 cents in late 2012, the stock has been heading northwards this year, ending at $2.39 yesterday despite shedding five cents. This even after the stock traded ex-entitlement on Sept 19 for a 1-for-2 rights issue at five cents. Some label it a darling stock, citing the volumes that accompanied the sharp spike of late.

So what exactly is this gem of an investment?