An article in the AFR reads, from the CEO Mark Samlal, that stocks like PYG are travelling along undervalued on the ASX and this current bid for PYG demonstrates that.
I believe that quite a number of stocks are suffering this massive undervaluation at the moment (kind of obvious, I know) as I'm invested in a very similar stock to PYG in the transactions and messaging, payroll, superannuation, regulatory and compliance arena that I believe is way undervalued currently that has just secured a major MSA with Link Group who performs administration for about 10 million members with their RSS arm of their business.
My line of thinking is that the big conglomerates are swooping on these undervalued smaller stocks well below fair market valuation, IMO.
Cheers,
Jocko.
PYG Price at posting:
93.5¢ Sentiment: None Disclosure: Not Held
