CEO said the following re Powerwrap in his update yesterday . 1. Offer to Powerwrap is compelling . 2. In the company’s opinion the offer is very high . 3. Powerwrap shareholders get the advantages of the merger/takeover as the offer is 75% in Praemium shares . 4. He would be surprised if another offer for Powerwrap was made .A lot of synergies with Praemium as Powerwrap has Praemium technology . 5. He believed Praemium is very much undervalued by the market currently on 3 times revenue and only 10 times ebitda ,obviously much lower than their peers . 6. Overseas operations should break even in next fin year especially if the UK picks up from Covid 19 .Going forward will be very positive to have os operations as more rounded than their peers .
PPS Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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