Savvy Trades and Investments

[value1008]

PIOE - second part of the acquisition of RCP Advisors ("RCP 3") was PR'd late today by Jay Powers, CFO of PIOE.
http://ir.p10holdings.com/static-files/4b7f3199-a232-4ea9-a562-cea9cd43fc3f

Moreover, as discussed over the past weekend at the Ihub PIOE board, as deduced from RCP's SEC filings, it turns out that RCP Advisors 2 & 3 are holding probably around $150 Million in cash equivalents in the form of their ownership (not just management) of different percentage amounts of the different RCP Funds they advise. And who knows how much additional cash and cash equivalents they might hold?

In other words, just on a price to cash basis, PIOE is severely undervalued here at $0.83 close (it's highest ever close), since, given PIOE's 89.23 million shares, that's a price to cash ratio of only 0.59.

PLUS: the financial press reported last month that RCP's newest fund, the RCP Fund XII, is now subscribed by over $284M in investor monies, and RCP Advisors gets a fee on that which has been calculated to be 8.75%, meaning that RCP Advisors' revenues will be much higher than previously thought when we were only considering the mgmt fee on Assets Under Management (AUM).

Note the wording in P10 Holdings' PR about itself, similar to wording in the PR from one month ago-- mentioning planed additional alternative investments (= much more growth in revenues/earnings down the road):

"P10 Holdings is an innovative alternative asset management investment firm located in Dallas, Texas. The firm’s purpose is to create long-term value for P10 Holdings shareholders by providing superior risk-adjusted returns to its Limited Partners through private equity funds-of-funds, secondary funds, and co-investment funds provided by its wholly-owned subsidiary, RCP Advisors (www.rcpadvisors.com). P10 Holdings intends to provide additional investment vehicles in other areas of alternative asset management where it believes it can generate superior returns for its Limited Partners which, over time, should generate value for P10 Holdings shareholders. Additionally, P10 Holdings will continue its plan to monetize its patents. P10 Holdings is focused on long-term value creation in opportunities where it sees significant potential for sustainable profit growth. P10 Holdings looks forward to providing updates on its progress and growth in the coming months."

I have updated my new one-year price-target on PIOE from the $1.60-$2.00 given in my SeekingAlpha article from Thanksgiving week to a Price Target at least $4 and probably $5, a five- to six-bagger from today's closing price at 0.83.