Australia's largest stock trading and investment forum Australia's #1 stock forum

PET

Click for more information

0.00%

2.5¢ phoslock environmental technologies limited

I agree the actual business update itself wasn't bad, in fact...

First 26 Last

Share
Profile

Follow
healthyinvestor

2,791 Posts.

344

31/01/20

11:02

Post #: 42666394
Share

Originally posted by Mr Punter ↑

It is good value in my view on a DCF basis. In the context of rapid expansion and earnings growth, valuing such a business on multiples doesn't really make sense. And particularly using backward looking multiples based on last year's (CY19) sales. This announcement does not change my valuation and gives some more detail around the US which is helpful. I hope management will do a better job on the corporate side of things going forward.

Expand

I agree the actual business update itself wasn't bad, in fact it's the only reason I'm still a holder. I'm willing to give them a chance to hit their targets in FY20. If they do get 50m+ then brilliant, it is cheap. But can you see how the market is skeptical now and the numbers must show up in the financials. It's getting to the point where 'potential' isn't enough.

PET Price at posting: 70.5¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 26 Last

Add PET (ASX) to my watchlist