I have continued to accumulate PGC and PGCOA over the last 2 years between 2.5c and 4.5c , adding more after each quarterly
The March quarterly should be out Friday or Monday and I am expecting to see strong revenue growth for the 7th quarter in a row and a confirmation of the profit targets set out in the latest Gordon Capital ressearch report.
I noticed both Directors Tanner and Simari who turned PGC around have continued to buy stock in the market
If I read it correctly at tonights close of 4.2/4.5 the market cap is just over $10m.
My forecast after attedning the AGM , meeting Tim Blanche , and the rest of the board is that the company will exceed the $16m revenue they talked about at the AGM , and get the EBITDA to between the 6-10% of revenue NON exec chairman Tanner said he wanted .
At the AGM he further stated the board wanted 13-14% of revenue as the EBITDA in 2011 /2012 .
Should this weeks quarterly continue to trend upwards revenue in 11/12 shoud be between $25-$30 M , at a range of 10-14 % the EBITDA range should be between $2.5m to $4m .
On a PE of 8 that is not characteristic of a growth stock it puts a short term value on PGC between 2 and 3.5 times the current share price .
I agree the sector PGC is in , is steady and a tad boring , but with an acquisition taking place every 6 months or so , and revenue growing 100%+ PGC is definately a grwoth stock .
In each of the last 3 years revenue is showing very strong growth and profit is now following .
I expect long term holders will see the share price re rate and become more akin to the growth story it has become .
I hold PGC and PGCOA .
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49.0¢ |
Change
0.015(3.16%) |
Mkt cap ! $802.8M |
Open | High | Low | Value | Volume |
49.0¢ | 49.0¢ | 48.0¢ | $48.75K | 100.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 60077 | 48.5¢ |
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Price($) | Vol. | No. |
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49.0¢ | 345495 | 6 |
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No. | Vol. | Price($) |
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13 | 59964 | 0.485 |
4 | 330688 | 0.480 |
5 | 44174 | 0.475 |
4 | 67060 | 0.470 |
1 | 11050 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 345839 | 6 |
0.495 | 302983 | 6 |
0.500 | 774646 | 18 |
0.505 | 3925 | 1 |
0.510 | 132945 | 5 |
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