Promisia Integrative Limited (PIL)

[mr optimistic]

Does this company have any liquidity?

[mr optimistic]

Is there any liquidity in this company? at all? Are there rules around being listed if there is no share trading?

[kiwikeith]

I dont know why they don't do a share consolidation eg one new share for an existing 1,000 shares. Then the shares could be traded far more easily.

[mr optimistic]

Haha. Yeah. Good idea, but sadly will probably drop the overall Market Cap over time. Market Cap cant go any lower at 1/10 of a cent per share.......

[Valuegrowth]

Mr Optimistic

If I am correct they changed thier name in 2021. Its new name and ticker code is promisia healthcare Ltd(PHL).

https://www.nzx.com/companies/PHL

[mr optimistic]

I wish this observation created more liquidity. Yes, they are now PHL vs PIL, but same market cap, same number of shares and same 1/10 of cent share price and more importantly liquidity is even worse!

[GTM 3442]

There are some advantages of a $0.001 share price. If they were to do a share consolidation at (say) 1,000 to 1, how long would it be before the shares were back to $0.001?

From memory, a previous incarnation (SVY?) tried this and the share price went from $0.04 to $0.40 and straight back to $0.04.

How long would it take this time . . . months. . . . days. . . . the same morning. . . pre-open. . .

[mr optimistic]

haha. Your probably right!

[Lola]

haha. Your probably right!

Year to 31 March result plus accounts due by end of this month. Fortune favors the brave they say. Are you brave enough Mr O? You could be looking at a 100% leap in the share price.

[GTM 3442]

For What it's Worth. . . go you good thing you. . . who knows. . . maybe someone'll put in a BUY offer?

Market Announcement
30 May 2023
PROMISIA FY23 RESULTS

Year of investment as growth strategy progressed.
FY23 Results Snapshot:

• Revenue up 20% year on year, to $23.8 million.
• EBITDAF1 of $3.5 million.
• Underlying EBITDAF2 of $4.0 million, up 13% year on year.
• Net profit after tax of $0.6 million.
• Comprehensive income of $1.3 million.
• Total assets of $71.8 million.
• Good progress on growth initiatives including the Ranfurly Manor development, acquisition of Aldwins
House land and buildings and investment into systems and people.
• Well positioned to deliver increased earnings and growth in FY24.