Time will tell
I also agree with you.
Management execution and follow through will cause a PPS increase.
Take a look at FVRG (more news again today). This company is a mirror image to what SEEK management went through. They failed for years to execute, realized they needed to build the infrastructure and spent money to develop products that the market wanted. Now FVRG is in a sales explosion rate. SEEK management failed to execute in the past few years, decided to bite the bullet and build from within. It took 2 years of building a new platform and business model. They have come out of the dark and explained, given forward expectations and remained on track to this point.
The big difference between FVRG and SEEK is the amount of shares. FVRG only has 15 million, of which 4 million floating. SEEK share amount is not ideal.