PRN, when including the DDH1 merger is now at share price lows not seen since 2016.
debt is lower assets far higher earnings higher work in hand higher
in this market, if they had to sell plant and equipment, they would make a profit on resale like some other mining services companies .
for a business that would seem to have a lot of downside protection the share price fall is bemusing. Will be contacting investor relations later today to get their views and whether they will be making comment on price manipulation in the half year report. I know they commented that they viewed the share price as disappointing/undervalued when it was over $1 (prior to owning DDH1) so it will be interesting what they think of 79c with DDH1
PRN Price at posting:
78.8¢ Sentiment: Buy Disclosure: Held
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