P10 Industries Inc. (PX)

[Hoosierr]

SA sent to my email address "On New Information, I've Doubled My Share-Price Target On P10 Holdings"

Summary

PIOE soon files its first 10-K since acquiring RCP Advisors 2, followed in mid-May by a 10-Q with a full picture on joint results for RCP 2 and RCP 3.

Previously for Seeking Alpha I had written on PIOE/RCP and posited a share-price valuation around $1.80 to $2.05 based on brief info provided in a PR announcing the 2-step acquisition.

Since then, we’ve found the documents on RCP Advisors’ ownership of their RCP Funds, indicating over $140 million in cash-equivalents and so a much higher book value.

This new info, plus an already higher AUM figure for RCP Funds and likely more fee revenue from this and other sources, suggests higher earnings and much higher PIOE share-price.

The stock has almost doubled since my last article; tightly held shares might be had in the $1.30s - $1.40s. My new price target has doubled to $3.50-$4.00,for much further upside from here.