Greed in doing so many acquisitions so quickly? I see it more like a rescue mission. Without the capital raisings at 80+c and acquisitions there would be little left in the company now and it would be raising capital at a much lower level.
The poor results in the Capital Equipment business was warned about at the AGM before the acquisitions started, but it was explained as “greater than normal seasonality” and the full year guidance maintained.
PGC Price at posting:
51.5¢ Sentiment: None Disclosure: Not Held
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