PNV 3.57% $2.43 polynovo limited

IMO, $2 is probably a stretch Dogz, as nice as it'd be. With +5%...

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    IMO, $2 is probably a stretch Dogz, as nice as it'd be. With +5% monthly sales growth into CY end, which is highly likely, the annualised run rate for sales should be $70-$80m.

    Given PNV current sales run rate is c.$48m p.a, if the mkt maintains the current sales/price multiple around x15, then a sp target of $1.60-$1.80 is possible. With macro headwinds, it'd be tough, but the central banks may have paused or even pivoted by then, in which case, game on!

    That's also discounting a +ve news surprise along the way that gives the shorts heartburn...


 
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