(note: this is marked 'bonus' given minimal underlying liquidity, and as such, will not go into the live ideas book) Pact Group (Australia: PGH) - last price 81c - $275mm market cap, $685mm EV, $200-300k ADV This is a very simple idea and, with limited liquidity, I will try to keep the write-up brief. Pact … Continue reading Pact Group: ‘bonus’ special situation