There has clearly been substantial value destruction despite the...

First 5 Last

Share
Profile

Follow
entropylord

13,990 Posts.

1055

26/03/18

14:31

Post #: 32027902
Share

Originally posted by nzvcib ↑

So PVL has invested $12.4 million over a 12 year period and that is worth $14.3m. Even accepting the low 20%pa target return stated by the CEO, and assuming the average investment life of the portfolio is 6 years then the $12.4m would be worth $37m not $14.3m ---- this reflects how poor PVL has been at investing in growth businesses.

What is worse however continues to be the unsubstantiated hype they try and deliver....e.g. Motim will provide a A$3.6m uplift in big print and in fine print - provided that Motim's DD says the deal works, that the shareholders approve and that the new company is IPOed for US$15m. Of course the uplift could be $100m if the IPO is at a higher valuation, or could be zero. In my view PVL has been very slective in its disclosure around this deal and is definitely back tracking on earlier statements.

Uplift in Invert Robotics - sorry they just did a capital round so unless they do another in the next 6 months then there is no grounds for an uplift in valuation, in my view.....making sales and signing commercial deals, will help validate the business but that is the basis of the exising investment.....I certainly hope that Invert is not forced into listing too ealry, like Crop Logic - the value destruction in that move is amazing.

Expand

There has clearly been substantial value destruction despite the hype, as you rightly indicate.

However I cannot see where you get $30 mm from? I’d have thought it was likely in the range of 20 to 25 mm?

EL

PVL Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

First 5 Last

Add PVL (ASX) to my watchlist

(20min delay)
Last 7.5¢		Change -0.002(2.60%)		Mkt cap ! $9.355M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.5¢	$20.67K	273.4K

Buyers (Bids)

No.	Vol.	Price($)
1	425	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	150000	1

View Market Depth

No.	Vol.	Price($)
1	425	0.075
1	175000	0.074
1	100000	0.071
2	100000	0.070
1	50000	0.064

Price($)	Vol.	No.
0.078	150000	1
0.080	100000	1
0.086	58139	1
0.088	100000	1
0.090	350	1

Last trade - 14.06pm 18/11/2024 (20 minute delay)

PVL (ASX) Chart

There has clearly been substantial value destruction despite the...

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Power gets set for 1000-metre maiden drilling program in Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

There has clearly been substantial value destruction despite the...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Power gets set for 1000-metre maiden drilling program in Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News