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PNV - Polynovo Limited

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Up around 25% this year even though since September it has been on a downward trend.

It has been one of my best stocks due to quite a few times selling high and Buying low.
I have enough and even missed a few lows by being too low in my purchase price bid,

Might Top up again under $2 if there are enough reasons to.
 


Just before I tried to top up in the Super.
Macquarie Locking me out of my account due to logging in from Thailand cost me quite a bit.
 
Looking to buy back everything I sold @2.78 for under $1,78,

No Hurry Watching.
 
UMike said:
Looking to buy back everything I sold @2.78 for under $1,78,

No Hurry Watching.
Click to expand...
Better than me. I sold at $2.41. Don't
own any as scared of a market correction.
23% growth should have translated to more than 24% profit. + now they are building another factory in Port Melbourne. They might need capital.

I want to buy back in also. As you say, no hurry.
 


Not sure the bottom is there yet.
Got a small amount Friday JIC.
.
Might not be a weekly turn around but a month is a long time with this one if you know what I mean.
 
Was way to cheeky with this one on the open. Low ball offers not hit

Hitting new multi years lows.

Still evaluating,
 
Trouble is its still massively over priced, I think the CEO comments in the Half Year report touched on this,
"While 28% growth in sales is to be applauded, we can see that the equity market wants more;"
Thats the core issue, 30% revenue growth is not enough to support the sort of price it has traded at, especially as there didnt appear to be much scaling leverage evident - NPAT only up ~25%
 
Upped it a bit.... And still evaluating. Taking the above post seriously as well.
 
mullokintyre said:
PNY getting publicty, but for all the wrong reasons.
Will keep my money out of this one.
Mick
From Evil Murdoch Press
View attachment 194835
Mick
Click to expand...
PolyNovo Limited (ASX: PNV) refers to the article in this morning's 'Margin Call' column in TheAustralian newspaper.
PNV confirms that on Friday last week there was a confidential discussion with the Chief ExecutiveOfficer, Mr Swami Raote, requesting his agreement to cease his employment with PNV effectiveJune 2025 at the end of his contractual notice period and to step down as Chief Executive Officer effective from an earlier date. The discussion proposed terms for his separation if agreement was reached and revealed that non-executive director, Dr Robyn Elliott, would be stepping into the role as Acting Chief Executive Officer pending the appointment of a permanent replacement. This announcement has been authorised by the Board of PolyNovo Limited.
 
Its much worse that the outcome is Raote going and Williams staying, Williams is clearly the problem (and there is plenty of history there), so Raote obviously got to the point where he would rather leave on his own terms. What a mess.
 
galumay said:
Its much worse that the outcome is Raote going and Williams staying, Williams is clearly the problem (and there is plenty of history there), so Raote obviously got to the point where he would rather leave on his own terms. What a mess.
Click to expand...
Yea. I have got the sense over the years that Williams acts a bit like a second CEO.
I remember him at Medical Developments also.
 
Yep, he did well there for himself too! Bit of track record as a bio tech pumper, he is definitely the sales guy!! He also played in SDI briefly, RMY & TGR. He is is spread very thin over a lot of roles. He is on my black list of executives/Directors!
 
Still trending lower.

Hoping a more stable board is the signal for the bottom being hit.
 
cribbed from @finicky

Polynovo (PNV) -8.53% ... sold off despite posting record monthly sales of $11.9m +92% yoy. With majority of revenue generated in the U.S, management said they will advocate for a tariff exemption…
 


Picked up a fair bit today. (same with ARX)
 
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