Referring to your comments on support, or lack there of, Joe, and the MHM comparison, PGC just isn't sexy enough to attract that type of investor. It has no chance of becoming a ten bagger in a year. I reckon it's other problem is it is a steady growth company but with a price history too volatile for conservative investors. It's just going to have to plod along ticking boxes until it reaches a size, profitability, and price stability expected by investors in this sector. I am happy to wait for that.
I think the acquisition is excellent predominately from the perspective of extending the customer base and presence into N.S.W. I really liked reading the bit about both companies being relationship focused, because that is what will give you stability and growth in the face of stiff competition. I'm not sure how our already expensive European equipment will be affected by the falling dollar though. 80-85c may be on the cards next year.
PGC Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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