It's really at a nothing price right now.
If there's negligible impact from government policy changes, PRY is trading at an all time low P/E.
If the there is impact, then earnings could easily take a 20% hit and more.
All it takes is for one investor to be in the former camp and it's a bargain.
The other thing I've gotten advice about is its lower cash flow compared to NPAT, specifically to do with the accounting for the up front contract fee (500k last time I read) to new GPs, which is counted as an acquisition asset rather than a contract expense.
Possible Takeover Target..Maybe??, page-7
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Last
$1.47 |
Change
0.020(1.38%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.46 | $1.767M | 1.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7948 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 29345 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HLS (ASX) Chart |