Im grateful to have the spare funds and this opportunity to be buying/soaking and adding to my substantial investment here with PET at these levels. I'm not a trader, I invest.
Although I agree with the ambiguity in some announcements, I'm reluctant to over analyse every word nor get too caught up in day to day, week to week, month to month oscilations. The English language is subjective enough without speculating infinite possibilities which the human mind can do to even the most perfect grammatical sentence...
PET is a strong growth story getting stronger! Share price is rarely rational, however the fundamentals will ultimately prevail, investors will come and go during this expansionary phase creating valuation challenges for now. The global macro picture adds to that difficulty.
The global problem that PET has began to provide solutions for, are bigger than our imaginations! Importantly, the mechanics of successful, and effective corporate global expansion however, are intricate, in order to maintain 'Best Practise'. Its what PET are doing right now and in my opinion, its a process that has been grossly underestimated by some very impatient investors. Perhaps not as perfectly communicated as some would like, but very effective in execution. Having been an investor in PET for some years, I could justify the higher market valuations that we had recently, especially having watched the delivery of year on year record growth, which is ongoing, but Sceptics and new comers will wait for new proof of that.
The helicopter mindset suggests fast forwarding and what is likely to be that investors of PET will be observing growing annual revenue of 50 to 100% over several years and would then, 'now' be in excess of 100 million + annually , paying dividends and this current period being long forgotten.
So what is the magical valuation number at this day in the future producing 100mil per annum reliably, I hasten to think. From an investment, (non trading perspective), I doubt that's too far off.
PET have an ever increasing number of fingers in many pies, and in progress. Its becoming too difficult to individualise jobs or dollar amounts. DYOR
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