This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

PRN - Perenti Limited

Jump to new
Market Matters afternoon report:
Perenti (PRN) -15.94% lower on 1H earnings miss.

Perenti is a stock that Greg Canavan backed a while back but this drop has wiped out the profit from his buyin price. Not high on my own list of possible buys but forgotten why.

Not Held
 
had forgotten this used to be Ausdrill ( MIGHT have convinced me to buy-in earlier )

but no matter

i took a deep breath and dripped a toe in the water today

the worrying thing i saw ( and it might have spooked the markets ) was the result was impacted by delayed payments ( making me worry about how many struggling clients it has )

i am in now

time will tell if i need to use an 'average-down' strategy or just sell later ( whether in profit or loss )

this might be a patience-tester

BTW this is my infamous 'falling knife ' technique
 
Contract update at Khoemacau Copper Minein Botswana

i hold PRN ( a fairly recent buy )
 

Attachments

  • file (2).pdf
    180.7 KB · Views: 26
@divs4ever
How happy are you with PRN purchased in Feb this year and today?
 
Miner said:
@divs4ever
How happy are you with PRN purchased in Feb this year and today?
Click to expand...
i bought @ $1.15

well should be coming into a mining expenditure slowdown ( and consolidation )

i wasn't expecting this to double ( for me ) in 2025

if anything mildly disappointed i haven't bought more very close to a $1 , yet

these sort of companies take years to shine or fail
 
Award of A$1.1B underground contract with Endeavour Mining

i hold PRN

hmmm i hope they have factored extra risk into the contract price

but if the contract is successfully completed .. nice
 

Attachments

  • file (29).pdf
    200 KB · Views: 23
divs4ever said:
Award of A$1.1B underground contract with Endeavour Mining

i hold PRN

hmmm i hope they have factored extra risk into the contract price

but if the contract is successfully completed .. nice
Click to expand...
Thats a massive billion dollar contract within a week. good luck @divs4ever
 
divs4ever said:
but in a higher risk domicile , they might have to pay extra to get the workers there

massive contracts are one thing , healthy margins another
Click to expand...
Yes . I agree. It's like you eat what you can chew or get diarrohea. Old timers like me used to say, cut the cloth to your size. But now we mostly use all ready made clothes for us from Bangladesh India, Hong Kong or Vietnam.
 
Miner said:
Yes . I agree. It's like you eat what you can chew or get diarrohea. Old timers like me used to say, cut the cloth to your size. But now we mostly use all ready made clothes for us from Bangladesh India, Hong Kong or Vietnam.
Click to expand...
have had mixed success with these sorts of businesses , i remember one went bust after all the Middle-East boom ( and bust )

and there should be a mining cap-ex slowdown coming ( surprised we aren't yet in the middle of that )

and miners can be a dangerous game ( and not just financially )
 
PRN @ $2.21 up 5% at close

Another score for Greg Canavan (fat tail investment advisory)
He's advising reducing PRN as it has become overweight in his permanent capital pf

Not Held

Excerpt of today's alert:

"I tuned into Perenti Global’s [ASX_PRN] earnings call this morning. The company delivered a great result for FY25 that came in better than expected. The company painted a solid outlook for the next few years too.

The share price reacted positively. It’s up nearly 8% at the time of writing. PRN is up nearly 80% since we launched the Permanent Capital Portfolio. The strong performance means it’s now the largest weighing in the portfolio, at 7.3%.

Today’s share price surge puts PRN in ‘fair value’ range. I therefore recommend taking some profits"
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...