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Is it time to pounce on 1-Page Ltd, Select Harvests Limited, and Woodside Petroleum Limited?


Credit: Matt Biddulph
By Sean O'Neill - April 7, 2016 | More on: 1PG

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The S&P/ASX 200 (INDEXASX: ^AXJO) (ASX: XJO) index has lost 16% for the year. Rather than all stocks falling an equal amount however, this actually means that some have fallen substantially further, while others haven’t moved at all or have risen.

Here are three stocks that recently hit a new 52-week low, and my take on whether they’re good value today:

1-Page Ltd (ASX: 1PG) – last traded at $1.02, down 44% for the year
1-Page’s woes are pretty straightforward – the company is spending a lot of cash, but isn’t making any money. Investors appear to be concerned that the cash expenditure is accelerating but isn’t generating a corresponding return on the company’s investment (yet). The good news is that 1-Page has enough cash for around two years of operations at its planned cash burn rate of US$2 million per month. So there is plenty of time for the company to take market share and begin ramping up revenues.
The bad news is that shares could well fall further if growth takes longer to materialise than investors are comfortable with. Today’s prices could be a good entry point for a speculative investor.