Hard to have a definitive target price. As I've said many times...

Hard to have a definitive target price. As I've said many times in my previous posts, these quality gaming stocks tend to trade at sky high multiples, so it's really up to the market's expectations.

Tailwinds for PLY include:

• Organic growth
• Only a handful of gaming stocks on the ASX to choose from.
• The M&A in the gaming sector is still going strong. The recent Activision Blizzard's acquisition by Microsoft basically said market cap doesn't matter, you can be taken over at billion dollars market valuation. The biggest gaming powerhouses are in this order: Sony, Tencent, Nintendo, Microsoft, Act. Bliz, EA, Epic Games, Take Two. So basically #4 and #5 are merging. Wow.
• The metaverse. People tend to forget that PLY has existing contracts to make games for Meta (Facebook).
• The historic background of Playside: founded following the closure of EA Games Melbourne by former EA Games employees. The MD is an ex- EA Games himself.

So I wouldn't be surprised if PLY hits $1.50 in the next 6-12 months. The December 4C is out by 31 Jan, so that's a catalyst to watch out for.