Okay I hear ya...naughty dog couldn't resist taking some Christmas bonus on Friday at $4.15. (The problem with being self employed is nobody is going to pay you a Christmas bonus you need to organize your own) Still holding a reasonable sized number but probably should cover at least half those sold before 10 January. Sitting on too much cash now...better not tell any Mercedes dealers that lol
Mr dog...no signs of slowing down...hopefully u still got some! It will go up higher when 10th January comes.
Yes it has been surprisingly resilient after the quick 20% rise due to index inclusion. As noted above I still have a reasonable holding but will need to add to that over the holidays at some stage to make it more meaningful.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Strong close on ASX y’day at 3.98 which equates to NZ 4.37.
I've been watching this on the sidelines since the start of the year and kind of regret not getting in. Interestingly; PPH MCAP has historically been trading comfortably at around 7.6x ACMR, accounting for the 25M USD capital raise and new definitions of ACMR. From the 11th of OCT when the 100M ACMR goal was brought forward to 31/12/17 PPH then started trading at around 12x the Septembers quarter of ACMR at 67.5M, with the shareprice sitting nicely at $2.96.
Now that we are only a week or so from having 100M ACMR confirmed, the share price has followed - and again our Mcap is sitting comfortably at 12x ACMR of 100m. Divide that by the outstanding shares of 274M this results in a share price of exactly $4.38 NZD.
Now that PPH is in the NZX 50 and with a lot of exciting news in the pipeline including a US listing, 70M revenue for FY18, and transaction volume target of 10B from 2.2B annualised, is an MCAP of 12x ACMR the new norm? or will we see our historical average of 7.6x ACMR return? or will MCAP vs. ACMR only increase? Or is looking at the value of PPH through ACMR utilising the wrong parameters? Watching with interest and caution.
Last edited by Ace; 24-12-2017 at 03:21 PM.
Toward his critics, the artist harbours a defensive ace: knowledge that the future will erase the present.
Looking very well bid mate. Plenty of people think 2018 is going to be a huge one for PPH. We are well positioned
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Looking very well bid mate. Plenty of people think 2018 is going to be a huge one for PPH. We are well positioned
2018 might well be pushpays year. Now I need to find a way to wriggle my way in to be well positioned as well. Would you or winner have extra holdings to sell by any chance?
Toward his critics, the artist harbours a defensive ace: knowledge that the future will erase the present.
2018 might well be pushpays year. Now I need to find a way to wriggle my way in to be well positioned as well. Would you or winner have extra holdings to sell by any chance?
How many do you need? There are currently more than 100,000 shares on offer for an average price of $4.36 ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Originally Posted by Beagle
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