Increase in Top 20 holdings, page-53

Thanks @peejayhercules for good summary,

http://hotcopper.com.au/threads/undervalued-oversold.2798893/page-282?post_id=18301663

MasseyFerguson,
It's nice to see you around again

I still recall CYP stellar run, and I made 5 out of 7 accurate daily price calls for CYP during that run, still couldn't believe how I did that.

1PG, rising to $5.69 due to continuous good news flow and institutions interest; luckily, 1PG got $50m underwritten capital raising at $4.50/share from the institutions mainly Harbour Asset Management Fund and Fidelity.

Slow signing off new clients and incoming cash revenue, caused price dropping to around $2.50 level; on March 8, 2016, 1PG announced to increase spending from US$1.3m to US$2m to accelerate growth, caused further non-stop drop to 60c level by 31 May 2016; No impressive news from last quarter & tax loss selling in June, flushed price down to 37c.

First bounce to 67c, but didn't last long as some holders took hit.

Now, 1PG is back at low again, off 92% from its year high, 90% from last CR price in October 2015.
Current market cap $67m, Cash as at 30 April 2016: $41m, E/V is about $30m.
It's very low valuation compared with other ASX tech stocks.

BTW: 31 May 2016, 1PG announced to cut spending below US$1m per month; Annual bookings as at 30 April 2016: $4.8m.

Some other info:
Top 20 hold about 71%



ASX Tech Stocks: