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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Friday 27th June – ASX +13pts, REH, BOE, IFL
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Friday 27th June – Dow up +404pts, SPI up +51pts
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MM is neutral PNV.
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