PIQ 0.00% 72.5¢ proteomics international laboratories ltd

Ann: AGM Chairman's Address and Investor Presentation, page-60

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  1. 149 Posts.
    lightbulb Created with Sketch. 29
    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.

 
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72.5¢
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Mkt cap ! $94.97M
Open High Low Value Volume
72.0¢ 72.5¢ 71.5¢ $37.53K 51.97K

Buyers (Bids)

No. Vol. Price($)
2 47380 71.5¢
 

Sellers (Offers)

Price($) Vol. No.
73.0¢ 2500 1
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