Ann: FY23 Results Presentation, page-37

HAPMAN
cannot understand what you have written. What do people expect, 100% growth year on end. This does not happen. Medical companies are a slow burn unfortunately. To get doctors to change products especially surgeons is hard but it is happening and this change will snow ball. Their growth is impressive I would have thought. People are allowing the DOWNRAMPERS of this world cloud their judgement. Am I frustrated. To a degree yes. I have been in since atleast 2008 and was once a top 20 holder before multiple raises and dilution had their affect. We have been spoilt by the 4 dollars plus share price which was all on potential and unjustified. They are now growing and justifying this potential I feel. Macquarie have a price target of 2.75 next year. If they increase their income to 95 then 135 then 200m we will be multiples of what we are and my 15 year wait would have been justified. Have I lost opportunities by not investing elsewhere. I do not feel so because every dollar from PNV I have invested elsewhere has not gone well outside of blue chips. Maybe I need the oracle to help me. Every one from Adelaide I know who invested strongly initially is still holding. A group of us have been in for a long time and though we have all done very well the exciting part is around the corner. IMHO. The oracle is the trader who never makes a trading mistake and spends all his time with us mere mortals on HC trying to educate us and stop us from heading down the proverbial share cliff.
Regards
bill