The only disappointing issue I had with the presentation was the comment on capital management. I interpreted DW' as "no dividend for the foreseeable future".
I found this curious given:-
low capital requirement for manufacture
high product margin (evidence seems to be that this is maintainable)
business profitable
sales growing at a fantastic rate and which will largely drop to bottom line
modest r+d spend
innovative usage being lead/supported by growing surgical community
being "dragged into markets" by growing surgical community
I understand the benefits of growing market and understand DW's comments about paying yourself a div by selling the odd share. However, I would have appreciated the board's confidence by indicating that a div is in the offing. I think that would ignite the share price, improving the currency for future acquisitions as alluded to by DW.
Am I missing something? I know it's only a minor given the company's growth trajectory, and I'll continue slowly accumulating on SP weakness
PNV Price at posting:
$2.44 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)