I've been a big holder of PRN and MAH - both very similar companies with similar debt and earnings.
for some reason MAH is up 50% in 6months and PRN is down 30%
for a fundamentals investor it makes no sense. PRN is now my biggest position and I've sold out of MAH (although it is still a very good company)
the big benefit of PRN other than being undervalued on fundamentals is the $1 billion market cap that is more attractive to ETFs and institutional investors.
my prediction is $1.04 by the end of the week and $1.2 just before Feb results announcement.
happy new year all
News: PRN Perenti Launches On-Market Share Buyback Program, page-28
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Last
$1.01 |
Change
0.015(1.52%) |
Mkt cap ! $956.9M | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.01 | 99.5¢ | $1.968M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104729 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 232861 | 7 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| PRN (ASX) Chart |