Ann: Trading Halt, page-50

Ppk has a current market cap of $30M

balance sheet cash of circa $30M and no debt

$30M CIB order added to existing orders should materially increase the value of their 50% holding in that company.

PPE growing revenues every quarter

LIS worth $80M so 50% of that is another $40M. LIS cash burn ended now that their new facility is built and I believe fully commissioned by now (end of Q3 in last update

court case uncertainty (as well as costs) gone with very little penalty to PPK. Share market severely penalises unknown risks in my experience.

lots of positives possibly with the exception of BNNT which needs customers to prove any worth

balance sheet valuation of $97.5M

on fundamentals 80c is fair value and that puts zero value on around half of their assets and at that price would still trade at a 25% discount to balance sheet valuation

but then again this is the ASX. Could get sold down on Monday!