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1.20%

42.0¢ paragon care limited

Ann: Notice of FY21 Results and Webcast, page-6

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narsingani

741 Posts.

112

27/08/21

11:37

Post #: 55621790
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Originally posted by ozner31: ↑

That was a good result. A long way to go but heading in the right direction. I would have thought the shareprice would be closer to 32-33c on the back of this result and heading towards 50c next year as earnings grow towards $13-14m IMO.

Balance sheet has improved, but a lower debt level would be more desirable given they did receive Job Keeper payments and lock downs appear to be the norm in Australia and Job Keeper payments will not be around forever.

I feel the dividend was unnecessary, and I think the BOD were not totally convinced of the merits of a dividend given it is tied to a very generous DRP of 25c or a 5% discount to vwap (which ever is lower) a stealth way for the major shareholders to increase their holdings? This will be quite dilutive, but cash remains in the business.

I don't normally participate in a DRPs but will this time.

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The sp is not going anywhere until these buyers are buying and have what they want. These are the fake orders to show people a selling pressure.

PGC Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 42.0¢		Change 0.005(1.20%)		Mkt cap ! $678.6M

Open	High	Low	Value	Volume
41.5¢	42.0¢	41.0¢	$513.7K	1.232M

Buyers (Bids)

No.	Vol.	Price($)
1	125685	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	230201	7

View Market Depth

No.	Vol.	Price($)
2	495685	0.415
1	17830	0.410
3	13969	0.405
3	183563	0.400
1	84500	0.395

Price($)	Vol.	No.
0.420	242352	11
0.425	172333	5
0.430	6976	1
0.435	6896	1
0.440	176320	4

Last trade - 16.10pm 21/06/2024 (20 minute delay)

PGC (ASX) Chart

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