Q: Hi Team,
What's happening with PRL today? I looked this morning it was up 0.5% and now its flying up 13.6%. I don't see any news. I only recently have initiated a half position in this name and was planning on adding on a dip...but maybe a dip wont be in the cards. Is it worth chasing here or should I wait to add to it?
Also...what is giving this name such a higher value when compared to GSY? GSY from what I see is growing almost as fast, even though it's a larger company with longer track record. GSY also seems to be reaching scale as their loan book growth is now growing exponentially the last year or 2. GSY just seems so undervalued all the time it's hard to understand what more investors can want here with the name.
Thanks,
Shane.
What's happening with PRL today? I looked this morning it was up 0.5% and now its flying up 13.6%. I don't see any news. I only recently have initiated a half position in this name and was planning on adding on a dip...but maybe a dip wont be in the cards. Is it worth chasing here or should I wait to add to it?
Also...what is giving this name such a higher value when compared to GSY? GSY from what I see is growing almost as fast, even though it's a larger company with longer track record. GSY also seems to be reaching scale as their loan book growth is now growing exponentially the last year or 2. GSY just seems so undervalued all the time it's hard to understand what more investors can want here with the name.
Thanks,
Shane.
5i Research Answer:
We see no news on PRL; GSY was a top pick on Market Call today and is also up. PRL is smaller, and perhaps investors see it as the 'next' GSY with more growth potential from a smaller base. It also has more business in the US and may be attracting some US investor interest.