PGF is a company with fluctuating performance. In their first 2 years they made over $50 million profit but lost $3 million in subsequent years.
I follow the price of the PGF US investments and they have done well in shares like Alphabet, the intercontinental exchange, Visa , mastercard and the American banks are now improving.
All of this was negated by their poor management of the Brexit risk. Where other Australian companies rushed to hedge some risk when the result was in doubt it doesnt appear PGF did. I dont think their excuse of "it was totally unexpected" was acceptable.
I am a long term holder and believe they will increase in value however in the short term can see why they trade at this discunt to NTA.
Ann: Net Tangible Asset Backing 8th July 2016-PGF.AX, page-11
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Last
$2.31 |
Change
-0.030(1.28%) |
Mkt cap ! $1.106B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.35 | $2.30 | $352.6K | 151.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 20658 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 254 | 1 |
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| Last trade - 15.59pm 15/11/2024 (20 minute delay) ? |
| PGF (ASX) Chart |