This is interesting from my mate at Clare Capital raising possibility of corporate action seeing PPH is so so cheap
Hope you can read
Page 2 is at top and Page 1 at bottom
if PPH deliver on consensus earnings this year the SP will rocket. If a buyer has conviction in the consensus forecasts going forward it probably is a takeover.
Question is - will PPH deliver on its consensus? The market says no. But - proof is in the pudding.
Almost all stocks where Morningstar has a buy end up doing alright for some reason or the other ....
PPH is one of their biggest Buy with a target of $ 2.05 ...so another positive going for PPH ....Craigs too
PPH is so beaten down now that even a small spark can light a big fire ...11th May results or before is the question . W69 is showing interest means something going on ...lol
Probably was just highlighting how cheap its become
A few fund managers would be happy if they only got 150
hope no inside trading going on .... mud sticks ...lol
When a reasonable company goes so much below its intrinsic value ( Even Morningstar had $ 2.05 valuation who is known to value growth stocks poorly ) then all try to pile in including insiders ....
Craigs have them in their broker's pick this year ....I dont remember seeing a small cap in their picks since very long ....so that is something about its valuations
Maybe the Blackbuad people are actually interested
I sense we'll see some exciting news soon ..... but even an offer at $2 would be disappointing seeing we've been there before
For sure, you only need to ask those poor investors who got sucked in at $8.50 in 2020 when Hulijch family sold their stake (before 4 for 1 split) which equates to $2.125 currently. That's gotta hurt badly having held close to 2 years and sitting on 50% less capital value, for those that're still holding.
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Originally Posted by winner69
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