There in black and white by Macquarie. Q3 grow is 23% yoy and -8% qoq. Not my words, not my model but facts. Guess who is closer to paid professionals estimate? What more need to be said, Q3 was not good so don’t sugarcoated like the management and use ytd for almost 50%. Q1- 70% Q2 - 50+% Q3 - 23% pattern???? Concerning with extra staff added and no organic growth from seasoned sales 70% is bare minimum for me growth, almost 50% more staff added so 50% is to from staff growth, another 20%-50+% from existing staff managing and gaining more accounts (from average of 4 to 10 min accounts, this alone should get us upto 150% growth alone over 2 years). So, current performance is far from being good. I hate being wrong and always try to improve my modelling so I can pick good shares and I for one would admit I got PNV wrong the last four years, whether it’s coz of covid or sub par performance by the management and sales
PNV Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
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