My analysis of the chart is that it has made a very significant breakout on huge volume ie 3 million traded yesterday for a stock with only a bit over 100m shares and half those held by the major shareholder.
If you consider the value capitalised at about $150m and will make a $13m net profit and likely to be $14-$15m next FY and pay 8-9c FF dividends then the share price should easily reach $2 within the next 6 months. The company basically has very little debt and can make acqusitions at will...it has been well managed through the last few hard years and is set to reap the rewards now.
The chart is starting to tell the story throwing off buy signals galore.......check my previous posts on this stock, some thought I called it a bit early but as it turned out I called it spot on as a sleeper a few months ago.
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HPX
hpal limited
My analysis of the chart is that it has made a very significant...
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