Pivot Technology Solutions Inc. T.PTG

Insider filing - fresh

[PatiencePays123]

Woah. 306 thousand shares were purchased and cancelled by PTG in January. That's over 500K shares in 2 months that the NCIB has been active. The aggressiveness of the repurchase must mean business is going well and they think the stock is way undervalued.

[fatcharlie]

Yup, totally agree.  Seems we are off the radar at the moment for most investors.  I am not keen on a dividend increase but a positve news announcement of sales coupled with a dividend announcement might raise our profile a bit.  Just a rough guess but it looks like NAV per share should be around $2.20 give or take some.  So we are quite undervalued at the moment.

[PatiencePays123]

How do you get to that NAV? Curious to the math.

[knicksman]

NAV isn't a "thing" for PTG. But, I agree, the shares are likely undervalued. I think they have enough dry powder to conitnue to buy shares -- call it 250k per month -- throughout the year. They should generate $0.40/share in free cash, using less to fund their divi. The balance sheet also has enough room to do deals. So expect a nice divi, an active buyback, and accretive M&A.

[fatcharlie]

Market cap divide by number of shares outstanding gives a rough estimate includes an estimate on buybacks and cash on hand. Its also on Tipranks if you have premium.  Tipranks has analysts target of $3.30/share which seems on the highside to me but these are US analysts which tend to use US metrics to analyze Canadian stocks which seems to always make them higher.  All in all the final