nigel, do you have any idea why PEH is being sold down at present?
Isn't the annual report imminent?
You would think with the acquisition and new contract wins (in addition to the significant contract won in the first half) the second half should be pretty good, despite the additional headcount to bolster the company operations.
In my opinion at 4.9 cents (this is 52 week lows), it could be trading at a very low EBIT multiple when the results are delivered. Good news is that it shouldn't be too long until we have some sort of news flow.
The problem with PEH is illiquidity and some holders are happy to sell at any price to get out. You have to be in it for the long run to make any profit.
EVS Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
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