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Peppi refer to the peer, BP is a net cash without any borrowing solid counter. All their expansion utilize internal fund and still able pay so high div to reward shareholder. I have earn more than double in year 2021 as i feel the co value almost was peak that time. I come at this cheap price again. This is a very worth price to enter hold for div and principle gain
MC due to expansion. I hv flw this counter more than 3 years but unable to enter as the pricing is over value a lot. Price now is worth to enter invest based on the prospect and the biz expansion plan. Unless the management take the PP money use otherwise, then nothing can say. This price not to say alrd bottom, but if continue drop further is ok accumulate more for long run.
Based on their balance sheet, peer mrkt value, biz modal and etc, price below 0.80 shld b worth to slowly accumulate. I started buy when price drop below 0.80. Anyway need to wait latest QR release then only can plan whether want to top up or slowly accumulate more share
