Does anyone know why Perennial dumped their shares on market at a loss so soon after buying into the IPO at 20c? Perennial has a pretty good track record with small caps, so I'm very curious as to why they'd sell, when PKS doesn't appear to be obviously overvalued.
Putting that aside, I'm having a hard time finding the bear case for PKS. Pretax earnings at around $2m per year, market cap around $20m. Large global addressable markets. Wonderful economics of software - adding each new customer costs virtually nothing, yet they can charge $160k / yr for a software subscription. Software looks extremely sticky, with zero customer loss over a number of years. I feel like just on this set of characteristics alone, they should be valued at a lot higher than $20m. Anyone have any ideas why the relative lack of investor interest in PKS?
News: PKS Pks Holdings Executes Abbott Software License And Distribution Agreement, page-15
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $62.13M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.5¢ | $16.85K | 78.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 115000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 51761 | 1 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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21.5¢ |
Change
-0.005 ( 1.03 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 22.0¢ | 21.5¢ | 13909 | ||
| Last updated 14.12pm 17/06/2024 ? | |||||
| BMT (ASX) Chart |
