Pollard Banknote Ltd T.PBL

James Telfser on BNN - HOLD rating

[Possibleidiot01]

HOLD

Pollard Banknote Ltd(PBL-T)

1

Likes it here. A high return on equity business. The challenge is the upside they did not see with their iGaming side of the business. The valuation then did not make any sense. The cost issues are now dogging them. An interesting opportunity to re-visit the business at these prices. Would buy it at the right valuation.

INDUSTRIAL PRODUCTS

$41.790

Not owned

[zalmonella]

Would buy it at the right valuation. But what is the "right valuation"?  Til the business change and COVID, it was sitting around 2.5-3.0x BV for a good couple of years so I got most of mine out, and missed most of the rise with my little stake. If that's the norm, or what counts as a "right valuation", we could be back to $20-24.  I dont' see it myself, but