Market Matters Q&A

Pro Medicus Ltd (PME)

Happy New Year gents!

PME has come off quite a bit and looks like it still might have more to go. Is there a price where MM will become interested?

Josh

Uranium & Boss Energy (BOE)

Welcome Back
I know you don’t hold (or rate) Boss Energy but in a situation where you were already on board (and all the recent bad news & uncertainty is in the price) would you hold, on based on a forecast rising commodity price lifting all boats, or would you look to drop it and invest in other Uranium miners?
Thanks for all your help.
Cheers
Derek

Derek

Cash Converters International Ltd (CCV)

Do you have a view on CCV? I find it an interesting ‘roll-up’ story with a positive twist. They have just finished a cap raise to buy out franchise stores at around 3-4X EBITDA when CCV is currently priced at about 8x EBITDA. However my understanding is that the franchise stores use the same software and thus CCV have full transparency of annual sales of each store they are acquiring so should be able to accurately determine the profit add-on for being a company owned store.
So a current 6% FF yield with improving profits from more coy owned stores and hopefully an acceleration of share price if business continues to be priced at 8X EBITDA. Thoughts?
Cheers
David

David

Qoria Ltd (QOR)

Welcome back, James & Team. Does QOR’s 4C and Dec Qtr 2025 Activity Report seem good to you? If so, any reason why it dropped so much after the release? What do you think of QOR’s investment value? I heard a good report in a podcast before the recent activity report. Should we put much weight on the two substantial purchases by 2 fund managers in mid December 2025 at much higher prices?

SIDNEY

Typical ETF portfolio to hold for 2 decades

Thank you for taking the time to answer our questions.

What’s your take on the following ETFs as part of a portfolio focused on growth for the next 1 to 2 decades?

A200 – 30%
VGS – 30%
NDIA -10%
ASIA – 10%
VSO – 10%
MVE – 10%

I also add extra (a few hundred) into any of the above ETFs when there is a considerable dip when compared to my average buy price.

Is there anything I should consider changing (either an ETF or the allocation percentage) as the time frame is 2 decades ?

SRI

DroneShield Ltd (DRO) valuation

Forgive me if this is a bit naive:
1. From 2017 to 2024 Droneshield has just one “Average Annual P/E Ratio” listed of 14.88 in 2023.
2. From 2017 to 2024 the company has just one “Relative P/E Ratio” listed in the same year of 106.8!!
3. Does this also mean zero revenue for the other years?
Isn’t this alarming? What should we make of it?

David

PMET Resources Inc (PMT)

Hi M&M, could you give an update regarding PMT, a while back 06/12/2024 you stated, ‘if the Li price does turn the company could be on a majors shopping list’. Global battery metals giant Albemarle (ALB US) took a $C109m stake in Patriot Battery Metals (PMT), has that money been put to good use or has the PMT shares suffered dilution. Are they a buy in M&M opinion. Thank you for making me wealthier.

Tony

Pentanet Ltd (5GG)

Happy New Year ! Would love to get your view on Pentanet for 2026.
Thanks so much! Josh

Josh

Nickel Industries (NIC)

You have a positive consensus on Nickel Industries (NIC), which has recently shot up despite forecasts of oversupply into 2026. However, on the flip side, there is the ever-increasing usage of nickel in electric vehicles. Is nickel the next gold/silver and which other stocks would you refer to? Thanks again for all your guidance.

David

Vault (VAU underperforming?

Hi guys,

Thanks again for your great work.

Vault came out with its quarterly recently with costs a little higher than expected but with a largely unhedged book and huge resource, I’m wondering why you think it’s been underperforming RMS and some of the other major gold miners and if you expect it to play catch up?

Alan