bullish
Pioneer Credit Ltd - Turning point
SUMMARY
- RaaS Research Group has published an update on ethically-motivated, diversified financials group Pioneer Credit (ASX:PNC) following the company's FY24 result in which it delivered NPAT adjusted of $1.2m.
- Our base case valuation has increased to $263m (previously $217m) or $1.96/share reflecting improved financing.
- We model a range based on a number of factors giving us a low case of $1.84/share and high case of $2.23/share.
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