This is an interesting read... https://kodakmoats.wordpress.com/201...plx-nz-equity/
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This is an interesting read... https://kodakmoats.wordpress.com/201...plx-nz-equity/
Thanks for posting Drew95. Useful analysis.
I particularly liked this bit...."I believe PLX is reasonably worth $NZ 0.90 per share today (approximately 73% upside), with an upper bound valuation of roughly $NZ 2.00 per share."
Only time (and further updates from PLX) will tell if this analysis is accurate. DYOR. Take care.
Yes, was of that opinion until Maccas bought into this company. Think they may have turned a corner with that backing from such a big corporate. Anyway, time will tell.
PS - Unless they dramatically change fortunes, its never going to be $2, however in saying that it might reach $0.90 target within a year or two if all goes as per plan.
I have seen big companies like IBM put money (yes, that's the correct term - rather than investing) into small companies so that these companies continue to develop the software & service for them - until the inevitable happens.
Suggest some of you do a bit more research into why a multi-billion corporation like Maccas put a piddly $5m (rounding difference) into a company.
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