Their last report was showing cost pressures (resin, staffing costs, electricity). Revenue up, but EBIT down.
They are in the slow grind process of changing their production model to contain more recycled product which is the way forward (the only modern way forward), unfortunately it takes time to do. The contract manufacturing arm is a total drag on earnings and has yet to turn around.
Essentially, this share in the dog house and considering that it has never really hit these lows before (covid time was around the same, albeit briefly), it is hard to know where the bottom is. The experienced traders are very good at manipulating the price of this stock (whether it was up or down).
Is it undervalued? How long is a piece of string?
Ann: PGH Financial Results FY22, page-7
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Last
76.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $261.6M | |||
| Open | High | Low | Value | Volume |
| 76.0¢ | 77.0¢ | 76.0¢ | $1.375K | 1.808K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19980 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 53 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PGH (ASX) Chart |