If you take out the huge cross trade, today's volume was 596,549 at a VWAP of 0.4794.
Given we pushed down to under 0.46 on Friday, this is a pretty good kick. Hopefully we stabilize and push forward from here.
Seems to me like the market over-reacted here (and probably with good reason). I expect the underlying value of the company to shine through.
The big ticket item in the 1H financials will be the balance sheet. I'm fairly comfortable with the P/L going forward (as long as they can sell the Capital Equipment business quickly). Will be looking for a big cash balance, no interim dividend, and a plan to reduce existing debt.
Guess we wait and see.
Sentiment upgraded to "Buy" at this price. My feel is this should be around 60c in it's current state- based on EBITDA projections of 23 million for FY2019 on 251m sales (with upside if they get their act together).
Ann: Company Update & Earnings Outlook, page-60
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PGC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $720.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 43.0¢ | $667.7K | 1.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 120837 | 3 |
View Market Depth
| Last trade - 15.59pm 01/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |