In my opinion, the share price will not go much lower, because:
Passive funds selling should end soon: It has been a month now since HFA was dropped out of the ASX 300 index on 5 March.I would say the selling by passive funds should be close to an end.
Equity markets rally - The strong rally in equity markets seen in March should help bolster confidence in funds managers and put HFA in a position to earn performance fees;
USD appreciation: The sharp appreciation in USD against other currencies may also be a prelude that it may appreciate significantly against AUD in forseeable future.
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