Food for thought: PLS in early 2020

I know that the severe decline in SP has been rattling a lot of HAS holders. It's definitely been a rough 12 months.

That said, I think that it would be good for people to reflect on where PLS was in early 2020. In Jan of 2018 the PLS SP was at an ATH of $1.11. Fast forward to April of 2020 and the SP was down at 15c.

Everyone was slamming management and the death of PLS was rapidly approaching.

A lot of people would have sold at serious losses. They're no doubt kicking themselves now.

PLS, just like HAS will, survived and then thrived because the government wanted it to succeed. Some people seem to think government support as a result of national economic policy and planning is a bad thing. But just like trust fund babies who inherit millions and never have to work to be wealthy, the corporate world also has its equivalent of trust fund babies who "inherit" government support be it regulatory or financial. The real world isn't a meritocracy.

I'm heavily invested in HAS so I am definitely biased. But if you look back at old PLS HC threads you can see that it was where we are now and the doom and gloom peddlers were running rife.

https://hotcopper.com.au/threads/ann-december-2019-half-year-financial-results.5238259/

Whilst I'm loving this opportunity to accumulate HAS, this is obviously not financial advice but an invitation to look at the wider picture and make your decisions from there