Yes, that's correct. Their cash flows should largely support the $60m they have forecast for investment, thus it would appear to me that gearing would come down. They also put away a model and economic overlay in there PDL valuation at 30 June if I remember; around $10m that can be used to buffer the shocks you refer to below. Haven't owned these stocks for a while now (PNC I sold out at high $2s) but that one looks like a good value play to me. Have a 15-20% stop if you will from current prices, but in my view the upside risk would seem to me skewed. Could do well in CCP, but unlikely to get a 2-3 bagger, which could happen with PNC imo
DYOR
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Last
$14.97 |
Change
-0.080(0.53%) |
Mkt cap ! $1.018B |
Open | High | Low | Value | Volume |
$15.17 | $15.31 | $14.97 | $3.576M | 236.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4904 | $14.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.05 | 378 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4904 | 14.970 |
2 | 578 | 14.960 |
1 | 577 | 14.940 |
1 | 577 | 14.920 |
1 | 577 | 14.900 |
Price($) | Vol. | No. |
---|---|---|
15.080 | 577 | 1 |
15.100 | 577 | 1 |
15.120 | 577 | 1 |
15.140 | 577 | 1 |
15.200 | 63 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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