I recently bought into PPG and just caught up with reading this link and the company presentations and their website. Have the following thoughts :-
1- Their product listings seem broad with no emphasis, noted previous discussions here say they are a distributor. Their recycling efforts in the "Sustainability" section looks interesting but not really focused within their future strategy or plan.
2- Reading their latest presentation, just feel lacking in direction or vigour. Bennamon Pty Ltd who is owned by Kin Group continuing to increase their shareholding in PPG, question is why?
3- PGH major shareholder is Kin group, so what is the intention for PPG and PGH. Feels more like PPG ( mkt cap 160mil)is primed for consolidating into PGH (mkt cap 1.1Bil), what other reason are there for Kin group continue to increase their holding in PPG( now at 53.7%) which doesn't seem to have a strong direction. Question is when it could happen and at what price?
4- Is there a rule in ASX on what % creeping holding it triggers a mandatory general offer?
Kindly share your thoughts?
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5.0¢ |
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Mkt cap ! $9.084M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $680 | 13.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 33555 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.0¢ | 236400 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 33555 | 0.044 |
2 | 96902 | 0.043 |
1 | 12500 | 0.042 |
1 | 100000 | 0.041 |
1 | 150000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 236400 | 2 |
0.060 | 58098 | 2 |
0.065 | 46152 | 1 |
0.070 | 5000 | 1 |
0.088 | 50000 | 1 |
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