I did notice that they would cut the amount of PDL's they are going to buy, but the question is what impact that would have on growth for the business. If they spend 40mil less on PDL next year then this comes through to the bottom line and they would move to next cash position in the nine months.
It also means that they can focus on working the existing PDL's harder.
I guess it depends on how long the pricing is too expensive persists as to whether it impacts growth moving forward.
At the current price it is less than 10x earnings, so its not like the market is pricing in any growth.
I'd be interested to hear what others think.
I did notice that they would cut the amount of PDL's they are...
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Last
$12.94 |
Change
-0.260(1.97%) |
Mkt cap ! $880.7M | |||
| Open | High | Low | Value | Volume |
| $12.77 | $13.07 | $12.74 | $3.285M | 255.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 843 | $12.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.00 | 843 | 1 |
View Market Depth
| Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
| CCP (ASX) Chart |