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Bell Potter today initiated coverage of PSQ with a $2.47 target....

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  1. peterdoobes
    2,087 Posts.
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    27/02/15
    10:50
    Post #: 14828810
    Bell Potter today initiated coverage of PSQ with a $2.47 target. Now at $2.40 up 85% on the IPO. Based on PSQ's FY15 prospectus numbers that is a PE around 40x, around a 75-80% premium to ONT! They must be very confident on PSQ's growth strategy, not for me on those multiples though
    ONT Price at posting: $6.66 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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