The 2 key takeaway from today's 'update' for me is 1. PP's 'transparency' for larger investors.
By establishing 'guidance on earnings' (and then meeting those figures of course) starts the transition of the Company to a Blue Chip reporter.
Given that cash flow in the past has been lumpy, and therefore difficult for any analyst to forecast earnings on a one year basis, the ability of the compnay to put consistent earnings to the bottom line is the first feature to attract institutional coverage and of course their Research + Forecast = Recommendation...Buy or Sell or Hold....with targets.
Most, if not all, Institutional Money Managers need these Research Reports to justify to their upper management their taking of positions in a company.
As we approach a TSE listing, the reporting and of course governance is critical.
Better yet is confidence in Management.
It's one thing to be a good widget maker.
But lots of them are doing it because they like making them irregardless of how much time and money they spend on them...kind of like a hobby that they get the market to pay for...with no positive monetary return to those that indulge them.
It's another entirely different thing to be a PROFITABLE widget maker that is publicly listed.
And a whole new level of widget maker when the market' discovers' your widgets and demand for them accelerates.
By updating the market more frequently than just on a market call every time the 'quarterlies' are released (after the fact), Peter is cutting a new path in the transparency game for public companies.
The 'monthly reporting' and filing by companies that is required by the CSE is a model that should be emulated by all companies, IMO.
2. The 15x P/E floor of $4.20-25 is as solid as the granite of the Canadian Shield.
The EPS growth from $0.11 this year to what looks to be a $0.28 potential next year is a growth rate of 150%.
Carried out towards 2022 that would equate to ~ $0.70 EPS
At a 15 X EPS that is $10.50
At a 20 X EPS that is $14.00
At a 30 x EPS that is $21.00
And the market may start pricing that in at anytime.
Let's see who, amongst the bigger research outfits, is first out of the gate with their first PYR Report.
Peter is certainly setting the table for them to sit down and enjoy a hearty feed.