All good ExCFO. Thought just maybe you were going to argue that too higher margin would attract competition. Very comfortable with a 60 + % margin on this one. Could inch up further in time, but now all about scale and all evidence points to them having a long runway for growth. Add to this the signal on ‘positioned for acquisitions’ plus the news that they have had their first successes with the Catholic faith sector, and IMO we are on a winner. Clearly we have a motivated seller right now (or an extremely motivated buyer, although that appears less likely given the trading pattern), but that’s what makes a market. See we touched 3.02 this morning. Tempted to buy more again , but with reporting season upon us, reluctant to sell down any other holding. Rokewa
PPH Price at posting:
$3.07 Sentiment: Buy Disclosure: Held
