Ann: PGL Trading Update 3Q23, page-9

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LeeVtwin

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24/06/23

10:25

Post #: 68448664
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Originally posted by JohnLB: ↑

Hi
I would think:
Missed IPO forecasts
Fears about upcomming bad debts that come with a recession and unsecured lending to uncrediwothy borrowers
Lack of interest of institutional shareholders in that type of lending
Have not achieved constant growth at the NPAT level (ie went backwards in the first half of FY23) as opposed to a company like PLT which seems to be constantly improving at that level each result
My view is that PGL is significantly undervalued at this time, however they have a lot of work to do to restore the trust of the market and interest rates do also need to stabilise before value can be restored. I think the HY23 result has meant a lot of people have lost confidence (given the share price). I would say there is better value elsewhere given the significant risks of this type of lending in this environment.

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Ok , well that sums it up nicely.....
Thank you .
PGL Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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Ann: PGL Trading Update 3Q23, page-9

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