PNV has fallen 30% in 2021 after missing revenue expectations in January, not a good look for growth socks. The medical device business has solid access to the US & European markets and hence interesting medium term opportunities but it obviously needs to deliver. We wouldn’t be surprised to see PNV test $2 later this year hence at this stage were adopting a wait and watch approach.
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 27th August – Dow up +135pts, SPI up +47pts
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Monday 25th August – Dow Jones +846pts, SPI Futures +84pts
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MM is neutral PNV.
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