Pureprofile Limited (PPL.ASX) Cheap turnaround + is chairman spill setting up corporate play?

Thomas Schoenmaker

Wentworth Securities

PPL has suffered a 2-year price decline and tore up around ~$40m in value since acquiring the Cohort business. I am more convinced now a turnaround is underway.  Why? This is a real business that can benefit following management changes and substantial write-downs. I met with the MD recently, and if successful in delivering on his plan, the company may deliver NPAT between $1m - $4m in the next 2 years. The company could also be a prime corporate play at these levels. There is currently a requisition to remove and replace the Chairman with the former Cohort Founder/CEO, which may be cloaking the interests of other industry participants. Either way, at an $18m mkt cap ($0.15c), both scenarios are worth discussing.  (VIEW LINK)


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Thomas Schoenmaker
Director and Head of Wealth Management
Wentworth Securities

Tom is a Founder and Head of Wealth Management. For the past 10 years, he has been running the Wentworth Model Portfolios, focusing on macroeconomics and tactical equity positioning. These portfolios were initially created as a solution for "core...

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