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A very respected activist fund. Activist is key .. I hesitate to say 'hedge fund' as they sort of are, but not in true sense of the word.
UBS, Goldman & Invesco may be more familiar names associated with this stock this year. Goldman bought 5.28% on nominee basis in oversubscribed placing & offloaded their stock to wealthy individuals - bit small for Goldman to be messing about with directly I think - they've bigger fish to fry.
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Adlai. Alway's the problem till volume gets better. Can either get in now or wait till spread is less higher up. If they announce China orders next week, be sure it will lessen!
One thing is sure - with oil closing the week at $69.40 & PMHH revenues directly linked to rig rates in turn reflecting oil demand, this one should rocket soon.
PMHH (Oil services, rig building etc) will benefit hugely.
Revenues already soaring due to demand, demand, demand!! - forward orders £19m = $33m and analysts say $86m multi-year orders now possible - yet the co. doesn't need to recruit to do this due to soaring rates in the industry. e.g. a $350m rig now costs around $800m to build, and there's a backlog hence Keppel's $2bn orders news recently...
Get with it for this niche industry in which no less than 6 institutions have invested this year!
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