PXA 0.60% $13.45 pexa group limited

Ann: Presentation - UK update and proposed acquisition of Smoove, page-42

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  1. 346 Posts.
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    I am not down ramping PEXA. I am try to find out why PEXA is down almost 50% from it's highs. We, Shareholders are in the dark. It is a profitable business in Australia. There are only 1.7% shorts sales and major shareholder owns 24%. My conclusion is market sees PEXA has limited growth at the moment and getting rerated for that. Hopefully new UK CEO and new acquisitions will stop the UK losses and it will start to grow again. I will leave it at that.

    Good luck to all shareholders.

    imo & dyo
 
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