Forum Topics PNV PNV Trading halt - trading upgrade

Pinned straw:

Added one year ago

Polynovo has just requested a trading halt for the following reasons:

• The trading halt is requested in respect of a trading update and upgrade

Unless otherwise requested by the Company, PNV requests the trading halt to remain in place until the earlier of the release of an announcement or Tuesday 26 September 2023.

That’s a much needed announcement for the share price! What’s DW got in store for us this time? Perhaps it’s another new monthly sales record?

mikebrisy
Added one year ago

It’s curious that they refer to an “upgrade”. The only guidance they have is to break even this year (NPAT) and for next year to be a “breakout” for profit.

So, I’m guessing a monthly milestone and perhaps some annual guidance, although it seems a bit early in the year unless they have good line of sight on costs for the year.

In any event, it’s “needed” news given that the SP languishes in a vacuum. (The market needs its regular intravenous news drip otherwise it gets withdrawal. Personally, I’d just prefer twice yearly updates.)

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west
Added one year ago

I’m tipping it will be a $8m month

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