Picked up Initial parcel for the wife's super just before close at 1.10.
Had been watching PET for about a month now.
What made me buy in today at this price-
ASX300 company which means institutional investment and institutional eyes on this stock.
Expanding production by 100% by March 2020.
Potential of contracts totalling 330M to 2022 and these are just to date and could increase.
50% margin on production.
Confirmation on guidance, but suggest it could be to upper end
Low PE for growth company.
200M of potential in China.
Substantially China focussed based on revenue.
Negative cashflow quarter has spooked market to sell off when I expect this will be cashflow positive in next quarter and hopefully future quarters.
Reasonable costs to increase production.
Obvious demand for product.
Good luck to all holders.
Christopher
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