Simon, agree with your last. I am only in from the initial float, but I saw a broker recommendation quite some time ago saying that they thought PDL was worth $11.00. Of course something is only worth what another will give you for it, but yes I think at current prices, it’s very cheap. Today will be interesting to see if we blindly follow the Yanks, or if we are independent thinkers.
Ann: Funds Under Management - Quarter Ended 30 September 2018, page-4
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