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saintly96

269 Posts.

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27/04/20

12:40

Post #: 44277690
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Originally posted by SouthernLad: ↑

Thanks saintly96 - once again appreciate your insights.

My list of pros and cons with the Prime Turbines acquisition:

Pros

Prime business is a good bolt on acquisition to PTB’s exiting business
Purchase price largely equity funded (balance is interest free vendor loan presumably to be funded from realisation of assets acquired), financial resources available to develop PT.
PTB advise they have a good relationship with PT’s management
Diversification of customers, geographies and segments in which customers operate.

Cons

Timing - couldn’t be worse with economic uncertainty/disruption and travel restrictions meaning that PTB management can spend time in the US getting to grips with PT
Risk that PTB management not close enough to US ways of doing business and US business culture
Risk that PT management don’t hang around
Risk that PTB directors and management don’t have the band width to operate and grow a substantially larger business

I guess time will tell how it plays out, and it’s the beauty of investing in equities - there are significant rewards for picking winners. It would be foolish however to ignore the form guide and track conditions.

Expand

Yeah that's all fair.

Track conditions are poor but that's why you're getting the good price and I see sun on the horizon!
PTB Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Change in substantial holding, page-17

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI reaches close of funding facility for salt-first part of Mardie project

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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