PAZ Pharma Zen

[Beagle]

A truly outstanding result that exceeded my best expectations. Its well worth noting that PAZ has a history of very conservative forecasting, last year at this time they forecast $2.8m NPBT and did over $4m so their full year sales and EDITDA forecast for FY20 looks very conservative to me.

Net profit up 57% to $2.9m encompassing the full period of the Covid 19 lockdown...that's truly remarkable ! This company has such an exciting future.

[iceman]

A truly outstanding result that exceeded my best expectations. Its well worth noting that PAZ has a history of very conservative forecasting, last year at this time they forecast $2.8m NPBT and did over $4m so their full year sales and EDITDA forecast for FY20 looks very conservative to me.

Net profit up 57% to $2.9m encompassing the full period of the Covid 19 lockdown...that's truly remarkable ! This company has such an exciting future.

I agree about them being conservative in their forecasts. If we assume they achieve 57% increase in NPAT for the FY, then we are looking at a current PE of about 24-25 I reckon. Still pretty cheap for such a fast growth company !

[stoploss]

In Percys hands we trust

[Beat the Bank]

How do we access this stock? Cannot find it on my ASB. I see it is on the unlisted site. Any help for a newbie would be appreciated. Thanks

[stoploss]

How do we access this stock? Cannot find it on my ASB. I see it is on the unlisted site. Any help for a newbie would be appreciated. Thanks

Only a broker can access the trading system for this site. With DB you have to sign a disclaimer first that you appreciate there are more risks involved with stocks on the unlisted market . Then orders are via phone !! Old school love it .
I might add, maybe with more risk there is more reward ....

[Beat the Bank]

Thanks so much stoploss

[iceman]

How do we access this stock? Cannot find it on my ASB. I see it is on the unlisted site. Any help for a newbie would be appreciated. Thanks

Here are the brokers that deal on the USX:
https://www.usx.co.nz/brokers

But I do note DB is not on that list but I use them. You can reach their broking desk on 0800 805777

[Beat the Bank]

Thanks Iceman. I phoned ASB and they do not offer it. I will try DB

[RupertBear]

WOW sensational! Thanks for bringing this wee gem to our attention Percy

[Joshuatree]

Up 9% to a new high 60c, expectations largely priced in atpit. Little vol, looks like many have this one tightly held, i sure have, imo one of a select few to ride through these covid times and come out on top and to sleep easy with.