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Yeah that's all fair.Track conditions are poor but that's why...

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saintly96

269 Posts.

54

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.

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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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Yeah that's all fair.Track conditions are poor but that's why...

Top Stories

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The Calmer Co’s Anthony Noble reflects on record breaking FY24

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

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WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

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Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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