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34,353 Posts.
9149
16/03/16
12:01
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1PG, is not subject to crude oil price, less depends on macro factors;
The $48m cash on hand, means No medium term capital raising risk;
The 75% drop from its 52 weeks' high, means Low downside risk;
The 83.6% held by top 20, and Harbour Asset Management invested $35m at average price of $2.50, means there are good interest from funds and holders.
1PG is a great ST player at $1.50s, in my view.
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