We all knew PTX was cheap but good to have external confirmation of this
Valuation:A$35m or A$0.66 per share
We value Prescient at A$35m or A$0.66 per share, compared to its market capitalisation of A$4m
. Taking into account 14m potential deferred acquisition shares and 6.4m options we calculate a diluted value of A$0.48 per share (this does not account for any dilution from additional~A$6m funding we estimate may
be required in FY16).
They need to take a lead from NRT and go to the US Instos for funding
PTX Price at posting:
8.9¢ Sentiment: None Disclosure: Held
