Q: Could you comment on this quarters results.
5i Research Answer:
As a holding company, quarterly results vary widely with deals and monetizations. There are also no analysts, so no estimates. EPS was a loss of $2.02, vs a gain of $1.14 in the prior period. Net investment losses were $19.4M vs gains of $11M. Book value per share is $7.31 vs $9.33. Corporate expenses were $1.7M, down slightly. Certainly not a great quarter, and the drop in the BV is not going to help. But, one of PNP's largest investments TBRG , received a takeover offer after the quarter ended, and this will help results in the next quarter. As usual, the report is light on details. It remains an interesting holding company, but its small size adds risk and the stock is down 47% in a year.