PNV 1.44% $2.11 polynovo limited

April 24 revenue is only 21.5% higher than May 23 revenue, that...

  1. 8,735 Posts.
    lightbulb Created with Sketch. 7743
    April 24 revenue is only 21.5% higher than May 23 revenue, that tends to show a slowdown in growth which the market will not like. Like most here I was expecting a continuation of the high revenue growth for a great product, but it appears we are having one of those 'lumpy' years on the reduced rate of increase.

    Thinking about it, hospitals everywhere are probably suffering just as much in financing as everyone else due to interest rate rises over the last couple of years, so if they have cut back inventory levels or other such measures demanded by accountants, then lower restocking should be expected. We live in a JIT (Just In Time world).

    Business will pick up again because it's a great product and hopefully we don't become a T/O target because of a slower patch. I would expect the lower growth to only last for so long before faster growth re-emerges later this year or whenever. You can't keep a good product down forever...
 
watchlist Created with Sketch. Add PNV (ASX) to my watchlist
(20min delay)
Last
$2.11
Change
0.030(1.44%)
Mkt cap ! $1.456B
Open High Low Value Volume
$2.09 $2.12 $2.08 $1.513M 719.8K

Buyers (Bids)

No. Vol. Price($)
5 58285 $2.10
 

Sellers (Offers)

Price($) Vol. No.
$2.11 3954 1
View Market Depth
Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
Last
$2.10
  Change
0.030 ( 0.80 %)
Open High Low Volume
$2.09 $2.12 $2.09 161908
Last updated 15.59pm 27/05/2024 ?
PNV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.