It seems the PYC management can’t take a trick. They released news before with some problem (was it a catastrophic down day on the markets? I forget) and it got no traction. Now today the much-awaited PKD data is released…and no one on Commsec could see it. If it wasn’t for Travelbug I wouldn’t have known. Let’s hope that we get a few more jumping on PYC tomorrow.
I went back over my spreadsheet and updated it for SOI and PKD treatment licensed out for a flat fee of 10%. The result (after tax and with a 90% payout ratio) yields a MCAP about 3 times that of CSL! At some stage during the next 3 years or so, PYC should, IMO, undergo some amazing SP appreciation. I’m holding mine tight!
PYC Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
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