Ann: AGM Chairman's Address and Investor Presentation, page-61

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dsa69

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18/01/24

10:27

Post #: 71938283
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Originally posted by crisendy: ↑

Here is a part summery or the price outlook for PIQ by Morgans in Sept last year. Nice to note the predicted share price of $2.42 is only for sales in the
US only.
I believe the sales will commence Texas, with a population of 30 million, lets hope Sonic will be flat out meeting orders.

Forecast and valuation update:
▪ We have increased our US test pricing assumptions to US$390 (from US$150)
and applied a fairly hefty market uptake handbrake until we get a strong feel for
coverage uptake. Our DCF valuation increases to A$2.42 (from A$1.66).
Investment view:
▪ We view PIQ as a highly promising opportunity in FY24 driven by several major
catalysts. These encompass the initial steps towards commercialisation, which
will not only establish a foundation for FY25 onwards, but also multiple
advancements in the clinical and regulatory spheres, enhancing the company's
pipeline. We value PIQ using a DCF methodology and we set our price target at
the same level of A$1.66 p/s. We maintain a Speculative Buy recommendation,
supported by a blend of exciting growth prospects and strategic developments.

Expand

They seem to be quite bullish on the company but really there's only been one day with what could be classed as decent volume. If they thought, it had a bright future, why haven't more people been buying?

I am a little perplexed that most days volume is very low, and the share price is still around 40% down from the recent highs. I've been disappointed with both these to be frank, as I'm sure everyone would like to see decent volume each day and the share price holding up a little better after important announcements, especially when revenue is starting to happen.

I'm actually wondering why we still don't know their share of sales from this test, is it 5%, is it 10% or is it more?

Last edited by dsa69: 18/01/24

PIQ Price at posting: 82.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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