I made the decision to sell up and take a loss.
It is good to reflect a little so will hopefully learn for the next time.....I have a long list of lessons learned from previous experiences
These are some things I have learned.
1) Avoid companies with a strategy of fast growth from a large number of acquisitions. One or two are ok but larger numbers are a lot more risky. Acquiring and integrating the new business is time consuming and difficult.
2) Just because the directors hold shares doesn’t always mean the company is a good investment.
3) Implementing new ERP IT systems cause a lot of business disruption but combining this with the large number of acquisitions increases the business stress and risk levels.
4). Watch the level of company debt. What are the bankers loan terms and covernants.
it would be good to get any comments or additions for my list ?
Ann: Half Year Market Update, page-38
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Last
47.0¢ |
Change
-0.010(2.08%) |
Mkt cap ! $777.9M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 45.5¢ | $101.9K | 218.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 97093 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 13527 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PGC (ASX) Chart |