Pinned straw:
Mr Kontos obviously thinks PPL is worth considerably more than 5c.
DMX Asset Management are also keen supporters:
"We have written enthusiastically about the prospects for PPL in our recent monthly updates, and its second quarter update which was released in January more than met our expectations.
Growth outside of Australia increased from 17% in Q1 to 44% in Q2, delivering PPL overall revenue growth of 22% for the half. This offshore growth is important for PPL, given its dominant market position in Australia, so to deliver 44% growth (organically) is particularly encouraging sign of PPL’s growing global presence and market penetration outside of Australia.
Offshore revenue now comprises 45% of PPL’s total group revenue, providing the business with both geographical diversification and a significant growth opportunity. PPL’s strong Q2 revenue growth delivered Q2 EBITDA growth of 79% to $1.7m, while its EBITDA margin increased 3ppts to 11%, highlighting PPL’s emerging operating leverage.
As a result of this strong second quarter, PPL has upgraded its full year revenue expectations to $57m to $58m (previously $55m to $57m) and EBITDA to $5.2m to $5.8m (previously implied $5.0m to $5.7m). With $3.3m of PPL’s forecast FY25 EBITDA already delivered in H1, only $1.9m-$2.5m is required in the second half to meet its guidance.
While Q3 is seasonally weaker, we think there is a good chance PPL upgrades its EBITDA guidance again before year-end. "
Danny has just about doubled his holding, so all the buying is coming from him. Owns more than 10% of the company now.