PYC with $50m is about 10% cash where it is - which is fair - but when you look at comparable peers 3–4x the valuation they are also about 3-4x the cash. Plenty of room to build a war chest which should in turn bring a higher valuation. Stocks tightly held, but liquidity is an issue - funds aren’t going to try build a position off crumbs. It will come either with a placement or US listing - the shortfall last placement didn’t get taken up - maybe missed their opportunity ? or somebody thins their equity off market - it’s happened with #1 holder right through - most recently Hockings to Tribe.
Ann: PYC Quarterly Investor Call - August 17, page-14
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $513.2M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $330.8K | 3.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 531247 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 128281 | 3 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PYC (ASX) Chart |