By my calculations in the last 4 months about 100m shares have traded...the company only has 135m shares so that would place 75% of holders, holding below the current price and now with a massive turnaround in sentiment the demand must overpower the remnent sellers. The SP can only go up in that scenario.
China was the hidden gem in the half year report. The institutions picked up on it very quickly. PBB only mentioned it in passing almost but the 60% joint venture is now 100% and they already have secured a big OE contract...just the beginning. I think in 2 years we will see NPAT in the $60-$70m area which will equal a SP above $5
PBB Price at posting:
0.0¢ Sentiment: None Disclosure: Held
