Did I not just say the same thing? The difference is, unlike the resoundingly poor economic reporting of most companies, PNV will be reporting growing revenues of 50%+ and will have maintained positive free cash flows. This stock has been sold down on index selling and now tax loss offsets. When all that selling pressure abates and PNV gives several nice trading updates it will pop to $2 by year end.
Whilst the rest of the market continues to stagnate in 2023, PNV by virtue of a near $1.5 billion mkt cap for 3 months goes back in the ASX200 in 2023 (oh how those June 2022 additions have fallen already) and then rallies to $3 by June end 2023.
The market is in for at least 18 months of duress given massive central bank unwind globally, but PNV will be one of the few bright spots out there (IMHO).
Did I not just say the same thing? The difference is, unlike the...
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Last
$2.43 |
Change
-0.090(3.57%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.50 | $2.43 | $2.311M | 940.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17100 | $2.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 5973 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PNV (ASX) Chart |