Added to YB: 2026-10-09
Pitch date: 2026-10-07
PPS.AX [bullish]
Praemium Limited
-7.69%
current return
Author Info
HD Capital Partners is a Sydney based fund manager specialising in smaller listed companies. Sign up for the newsletter.
Company Info
Praemium Limited, together with its subsidiaries, provides advisors and wealth management solutions in Australia.
Market Cap
AUD 304.7M
Pitch Price
AUD 0.65
Price Target
1.40 (+135%)
Dividend
4.00%
EV/EBITDA
12.05
P/E
48.08
EV/Sales
2.52
Sector
Software
Category
special_situation
Time To Sell For A Praemium
PPS.AX: Praemium’s new board and CEO departure create an opening for an immediate strategic review and potential sale, with a transaction estimated at $1.00-$1.40 per share versus ~60c today. The company trades at 2.4x EV/revenue and 7x EV/operating profit (EBITDA less capex) despite a sustained high-net-worth leadership position; the unresolved question is whether the board will pursue a sale rather than another multi-year standalone strategy.
Read full article (8 min)