I'd argue that true value isn't actually anywhere near fully realised.
Most recent historical P/E update after today is as follows:
For the calendar year 2005 PCG made NPAT of $14.1M - eg, $3.8M Jan-Jun, and $11.3M Jul-Dec. Divide that by the 171 million shares on issue gives 8.25c EPS. At today's closing price of 96c, that's a P/E of about 11.6.
If you think that PCG will only grow NPAT at 11.6% over the next year to justify that share price you're kidding yourself.
I agree with other posters that the market will wake up to this one soon and we'll see $1.25+ within a few months, providing that $1.00 doesn't become some sort of psycholgical barrier.
It'll only take a few decent bits of coverage to get things realling cooking - i.e. a few BIG name brokers (like UBS, Citi, GSJBWere, MacBank), a solid institutional holding to arise, or a strong write-up in the AFR.
PCG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)