Caketin that's another in my long term basket - DVA. Picked it up after I saw the acquisitions made to acquire the trust company and the partial acquisition of Tranzact. I used to have holdings in the HUB and Praemium but this looked a better bet to profitability.
I hope it lifts soon and I hope they have the bravery to do a CR to purchase the rest of Trazact. Need to get to profits quickly in this kind of business just love them when they get the process correct - Look at GBT.
Back to PGC - I must say I have been hugely surprised by the desire of some to sell a bit lower with such low volumes and buyers ready to pay. Almost started my conspiracy theories and wondered if someone was feeding it a bit to see if others sold into it. The buy side is relatively thin but seems steady the sell side dominated at two points 47c with 5 sellers and 49c which is 1 and could well be a block to encourage offers below - or a sellers wanting to take profit.
PGC Price at posting:
46.0¢ Sentiment: None Disclosure: Held
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