It's pleasing to note that this company is holding up well in this crazy market.
Obviously the companies that had a talk of a takeover just before the jitters are still hanging around their original mark (e.g KIM).
I am very suprised that CAPE have not made a formal offer yet. The longer they wait the higher their bid is going to have to be as PCG will not wait around the $1.10 mark for long. This leads me to believe that CAPE may even pull out sighting a too high a share price. (They are probably waiting to see how the market holds out and hoping for a cheaper price.. This aint gonna happen.)
If CAPE don't go ahead we will see a small retrace back to around the high 90c mark.. PCG will be able to put this all behind them and improve on their current share price.
Still waiting, haven't gone away..
Geoff
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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