@Holdtight I have keenly watched this stock for over a year after I got in at a high price (~1.30) then did some of my own due diligence and then immediately exitted for a minor profit around ~1.40. Did not like the announcements coming out and various other matters I will not post on HC as it would likely get moderated. Over the past 6 months there have been so many alarm bells with this stock it is not funny and it is stock slike these that really peeve me as it damages decent stocks that are in a similar indutsry but tarnished by being in the same sector (specifically DEM)
To announce this today is absolutely woeful! 1.2million rev... read it .. read it again... and let it sink in
IN regards to the $350 mil pipeline... that is what you call a pipedream! You watch how this will change in 6 - 12 months time (while a certain director of a certain nationality keeps selling on market, and I am aware that he bought 3 minor parcels which represented 2% of his sales)
If you really think they will deliver to their revenue guidance then you are delusional. 170m MC for 1.2m in Rev for half year!!!! Take a look at a real company like DEM in the same space. just cracked 6.7mil in rev with an MC of 29mil. Some 67% of their rev is also recurring
I am interested to hear if anyone has queried where PET's cash is held? Honest question.. does anyone know if that $35m is held in Aus bank account or China? If it is in China the run for th hills.... so many of the companie sthat have kept that cahs in Chin aover last 2-3 years have been delisted or suspended on ASX (eg, XPD, TB8 and i think there have been another 3)
But how anyone on here can seriously have a BUY sentiment maybe HOLD, is beyond me. I have learnt my lesson from a few stocks and I hope some on here do to. Do not become like ISX holders!
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