3P Learning downgraded
3P's price has jumped above our buy price, so we're downgrading to HOLD.
Recommendation
3P Learning Limited -
3PL
Buy
below 1.00
Hold
up to 2.00
Sell
above 2.00
HOLD at $1.12
Current price
$1.25 at 16:35 (29 March 2024)
Price at review
$1.12 at (22 May 2017)
Max Portfolio Weighting
3%
Business Risk
High
Share Price Risk
High
All Prices are in AUD ($)
3P Learning has found some friends recently. Insiders were first, with Chairman Sam Weiss and non-executive director Roger Amos sporadically buying throughout March and April. An encouraging sign in the lead up to the full-year result. The institutions came next with two new funds (Wilson Asset Management and Australian Ethical) becoming substantial shareholders.
More buying enthusiasm for 3P Learning has meant a higher price. We tend to give smaller companies a bit more wiggle room above our buy price because their share prices can bounce around a lot. But with 3P Learning now 12% above our buy price, we're downgrading to HOLD.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
3P Learning Limited -
3PL
Buy
below 1.00
Hold
up to 2.00
Sell
above 2.00
HOLD at $1.12
Current price
$1.25 at 16:35 (29 March 2024)
Price at review
$1.12 at (22 May 2017)
Max Portfolio Weighting
3%
Business Risk
High
Share Price Risk
High
All Prices are in AUD ($)
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