Indeed Acca, interesting time ahead. Great number to launch from...

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JLwithdraw.

11,672 Posts.

12/06/16

10:31

Post #: 18016147
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Originally posted by accaeric ↑

Under delivery, didn't meet investors expectations.

Someone said LNG had a long base, so 1PG "should" have a long base as well.
But I found,
- Percentage of drop:
LNG dropped 91% from $5 to 45.5c
1PG dropped 92% from $5.69 to 44c

- Cash backing
Both had big cash burn rate, LNG $30m / quarter, 1PG $5m / quarter
LNG cash backing was around 16c per share as at 31 March 2016.
1PG cash backing was around 27c per share as at 30 April 2016

- Fundamentals
Both have serious issues, LNG initially caused by delay, delay and under delivery, then coincident with downturn of LNG industry, following with increasing capex and no further binding tolling agreement signed.
1PG, changing of pricing, under delivery, delay of revenue recognition, downsize of professional profiles, integration of new acquisition, no improvement of cash flow.

When investors expectation didn't meet, it would be punished severely, which is what has happened to 1PG.

1PG is not completely "dead" yet, in my view, they are integrating new tech from the December acquisition with their platforms, and still have $41m to prove if their team and tech are workable or not.

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Indeed Acca, interesting time ahead. Great number to launch from for those that bought in and did their research IMO.
Plenty of so called experts to the contrary by the look at it, time will tell.

Just watched the Big Short last night a must for all HC members, if they didn't understand the intricacies of 2008 if they didn't know already.

1PG Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Indeed Acca, interesting time ahead. Great number to launch from...

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