PPS - Praemium Limited

[Trav.]

continuing my fascination with gaps, I noticed that the recent gaps have been filled.

Holding as of today as previous BO did not occur and decided to get in on retrace.

 

[barney]

Holding as of today as previous BO did not occur and decided to get in on retrace.

Accumulating the second retrace after the second bump higher is probably my favorite pattern Trav.

No guarantees of anything in "Stockland" of course but hopefully it turns into a good trade

 

[Trav.]

Preliminary final report due 12/8

Price up +8% today .... coincidence ?

 

[barney]

Preliminary final report due 12/8

Price up +8% today .... coincidence ?

No idea from me Trav, but your entry on the retrace is looking ok at the moment ….. Probably be up around 12% at the close … Solid bar on good but not crazy Volume today which has negated the ugly down bar on Monday. Monday now looks like a shakeout in hindsight … been a bit of that going on recently … hopefully onward and upward from here

 

[Trav.]

Nice close today @ $0.51, nice to be on a winning trade again.

 

[barney]

Nice close today @ $0.51, nice to be on a winning trade again.

Indeed

Lets hope this one can improve the bottom line on the Trading Account

Going into the weekend positive is always a good thing either way

 

[Miner]

Bell Potter research note (I always apply a discount as being 50% right. eg they have advised recently AMP as a sell whereas market behaved the opposite. So DYOR) said PPS a buy with TP being 66 cents.
I suppose we all have to wait two more days for the report to be seen.
Do hold PPS

 

[Trav.]

I am not a fundamental guy but this does look good to the untrained eye

https://www.asx.com.au/asxpdf/20190812/pdf/447d7715w6tlk8.pdf

 

[Miner]

I am not a fundamental guy but this does look good to the untrained eye

https://www.asx.com.au/asxpdf/20190812/pdf/447d7715w6tlk8.pdf

View attachment 96739

great result to pay off for patience

 

[barney]

I am not a fundamental guy but this does look good to the untrained eye

Agree.
​

Bell Potter research note … said PPS a buy with TP being 66 cents. Do hold PPS

The improvement in the numbers might explain why B/Potter revised their target price from 62 cents to 66 cents …..

Positive start again today …. If it gets above 56 cents it could get interesting quickly.

 

[kenny]

Interesting report. No debt and $13.7M cash to support the bleeding international division which is one of the worrying aspects with UK exposure and net fund outflows.

I like the platform services play. The Annual report presentation is well worth reviewing.

GLTAH

 

[Miner]

Interesting report. No debt and $13.7M cash to support the bleeding international division which is one of the worrying aspects with UK exposure and net fund outflows.

I like the platform services play. The Annual report presentation is well worth reviewing.

GLTAH

@kenny
The $12.7 m cash is deemed to be shared between the directors, @barney and @Trav.

 

[barney]

@kenny
The $12.7 m cash is deemed to be shared between the directors, @barney and @Trav.

Lol … Definitely all @Trav. 's cash …. Plenty of Volume yesterday and a mid bar close so it lost a bit of steam …. could range now for a bit so hopefully it stays above 50 cents in the short term

 

[Miner]

Lol … Definitely all @Trav. 's cash …. Plenty of Volume yesterday and a mid bar close so it lost a bit of steam …. could range now for a bit so hopefully it stays above 50 cents in the short term

Today Shaw Partners have put a buy on PPS

 

[sptrawler]

Today Shaw Partners have put a buy on PPS

Pretty good annual report.
https://www.asx.com.au/asxpdf/20190812/pdf/447d7nhwwvxcch.pdf
I've had a nibble.

 

[barney]

Pretty good annual report.
https://www.asx.com.au/asxpdf/20190812/pdf/447d7nhwwvxcch.pdf
I've had a nibble.

Homer's in … It's doomed (jk)

Morningstar have it valued at 74 cents … no idea if that's accurate but hopefully it heads in that direction for all you chaps involved

 

[sptrawler]

Homer's in … It's doomed (jk)

Morningstar have it valued at 74 cents … no idea if that's accurate but hopefully it heads in that direction for all you chaps involved

Well Barney, it looks as though it is finally going to stay above my entry price, talk about buy high the story of my life.

 

[barney]

Well Barney, it looks as though it is finally going to stay above my entry price, talk about buy high the story of my life.

I think I put the mocker on it for you back in August … sorry about that

It seems to have a habit of "spike/retreat" so hopefully this bounce keeps bouncing. Over 60 cents is breaking out of the 2 month range and there has been an overall increase in Volume last 2 months as well.

A retracement after any second bounce off lows is my favorite recipe and this is kind of in that pattern. 53 cents should be support and a potential buy point if it retraces a bit.

Hopefully for you guys it just keeps going this leg

Chart mumblings below ...

 

[sptrawler]

Well Praemium have reported a good set of numbers in their half yearly report.

https://www.asx.com.au/asxpdf/20200210/pdf/44dyh5fz1tpbx1.pdf


I do hold.

 

[sptrawler]

Homer's in … It's doomed (jk)

Morningstar have it valued at 74 cents … no idea if that's accurate but hopefully it heads in that direction for all you chaps involved

Well Barney, I just topped up or dollar cost averaged at 20cents lol, the directors seem to be having a bit of a buy up also.
By the way thanks for the tip, not.