https://www.asx.com.au/asxpdf/20180208/pdf/43rfcf0x62vwjd.pdf
This presentation was the beginning of the rot - over promised and under delivered, as well as not being ruthless enough in getting cost out / integrating. Slide 2 of the presentation outlines the $250m revenue target. I was told by an insider that was to push up market value and get greater broker exposure that comes with being a top 300.
I took my full 1 to 2.8 entitlement (@5000 at $0.73) but fortunately sold these at $0.75 five months later when things started going south. The rest of my holdings were bought early / mid 2017 and I now only hold part of these in the hope they turn it @.
Unfortunately something drastic will be required to enable PGC to be considered a growth stock again and I think it will languish as a sub 10 P/E for some time to come. Based on current and projected EPS that will be a few years. I held both Zenitas and PGC. PGC is my "if only" stock as it had so much potential far more than Zenitas. I will be more than happy to eat my words...
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Last
44.0¢ |
Change
0.020(4.76%) |
Mkt cap ! $728.3M |
Open | High | Low | Value | Volume |
42.5¢ | 44.5¢ | 42.5¢ | $861.6K | 1.972M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 111901 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 51934 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 111901 | 0.420 |
1 | 82866 | 0.415 |
4 | 181337 | 0.400 |
1 | 25000 | 0.395 |
2 | 26325 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 51934 | 3 |
0.450 | 520498 | 11 |
0.455 | 12500 | 1 |
0.460 | 60756 | 3 |
0.465 | 67167 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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PGC (ASX) Chart |