PPS 0.76% 66.5¢ praemium limited

Ann: Praemium FY2016 profit up 72%-PPS.AX, page-7

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  1. WHY
    793 Posts.
    lightbulb Created with Sketch. 5
    Pps was my key pick this reporting season acquired in the quiet times after JB a were win. Pleased to see A wave of upgrades in response to this strong result:

    Morgan upgraded PT to 0.57
    Canacord upgraded to 0.54
    Bell potter upgraded to 0.72

    Under the radar initiated coverage too a couple of months ago and it probably deserves a show face in the Thursday circulation.

    Bear in mind pps sp had the habit of being volitile. With uK yet to achieve breakeven, this habit won't change.

    Near term I am looking out for a modest UK acquisition funded by balance sheet and the power wrap IPO where pps could possibly off load that $1m of equity holding carried for ages and get further balance sheet flexibility.
    Last edited by WHY: 16/08/16
 
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