I'm surprised to see the number of PFG sellers at 18c. There is clearly strong demand for PFG at the moment, so once these sellers dry up, we should see further gains. There has been more volume in the past few weeks than in the previous 12 months, so clearly demand for this stock has shifted to a higher level. Given the sustained buying, I wouldn't be surprised to see a new substantial shareholder emerge in the coming weeks/months.
Once again, I strongly believe you are leaving money on the table to sell PFG below 25c - At 25c, PFG is still good value relative to peers like KPG, will still provide a good reliable dividend stream, and retain further growth potential. I know the old saying that nobody ever went broke taking a profit, but most people never make multiples of their money because they get out too early.
PFG Price at posting:
18.0¢ Sentiment: Buy Disclosure: 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)