So day 1 of the trustee's quest to acquire- on market- 8m+ PNC shares. And from where I sit the trustee has bought none so far. Can I use a cricket analogy? You have 2 days to score 534 runs in a test match which features an opposition fielding team at the top of their game. Your task-the trustee's- is complicated by 2 significant factors: an upcoming announcement of a settlement with PwC [ think $20m+] and the now relentless growth in after tax earnings [ $16m+ in FY26?]. With some diligent execution the trustee could prise some stock lose in the 60s but any delay will likely see the entry point in the 70s. And, what if Pioneer Credit can persuade that investment bank to underwrite those 28m options ? Whereto then the PNC share price!
PNC Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
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