05:04:46 EST Fri 06 Dec 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Pollard Banknote Ltd
Symbol PBL
Shares Issued 25,625,658
Close 2019-01-10 C$ 22.12
Recent Sedar Documents

Globe says Acumen's Pow keen on Pollard Banknote

2019-01-11 08:35 ET - In the News

The Globe and Mail reports in its Friday, Jan. 11, edition that Acumen Capital analyst Brian Pow rates Pollard Banknote($22.12) "buy," with a $27.50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $27.50. Mr. Pow says Acumen has named Pollard one of its "2019 Top Ideas." Mr. Pow says in a note: "PBL returns to our top pick list in 2019 after a busy year in 2018. PBL's performance in 2019 will continue to benefit from industry momentum and contributions from two acquisitions completed in 2018. PBL offers a compelling valuation and attractive return to our target price. Assessing the broader macro risks, Instant tickets drive north of 80 per cent of PBL's revenue and we note that demand for instant tickets have historically not been impacted by slower economic periods. We also like the fact that PBL earns a significant portion of its revenue from its U.S. operations with PBL's share of the U.S. instant ticket market approaching 22 per cent. In assessing business performance, PBL's operations provide a high return on invested capital approaching 19 per cent which stands out in our coverage universe."

© 2019 Canjex Publishing Ltd. All rights reserved.