The cash clues that suggest Dreamworld owner is wildly undervalued

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Pengana’s James McDonald is tipping into Aussie names Telix and Opthea, potash producer K+S, and the valuation case for Ardent at 70¢.

James McDonald is a portfolio manager at Pengana Capital Group and oversees the Pengana High Conviction Equities Fund.Shares fell late last month after the company withdrew its application for approval of

Today’s quarterly results will be closely scrutinised for clues about how much market share it will garner in the forecast $US1.5 billion prostate cancer imaging diagnostic market. We do expect volatility around these updates.Competitor Lantheus reached a $US500 million revenue run rate for its product Plarify 12 months after launch. The consensus revenue forecast for 2023 is $US175 million, which seems like a relatively low hurdle to clear..

The results are due in mid-2024, but we would expect the share price to rise well ahead of that time, with partnering deals also potentially offering catalysts.We’ve also added German and Canadian potash producer K+S, which has fallen 40 per cent from its Ukraine war-induced highs. Russia and Belarus account for about 35 per cent of global supply, which is leading to shortages of the product. Belarus was sanctioned before Russia’s invasion of Ukraine after hijacking a passenger plane.

 

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