shareholders can easily avoid dilution by buying a few shares.
The real number to look at is the total value of shares sold since the results announcement. Only around $2M worth has been traded, so, as of announcement date, around 2%, yet it has reduced market value by $25M, or around 20%.
to put that into perspective, PGC is about to pay out $4 mill in dividends for the half year. It also made $15 mil in net profit tax which on todays SP is 13.5% return after tax.
struggling to see the downside on buying more at these prices. Highly profitable defensive stock at 20 year lows. Management forecasting increased earnings for the next 2 years. And we have acquired 3 complimentary businesses including quantum.
it would not surprise me if the seller bought $2M worth of stock over the next six months to reset their position at a lower price. Risky strategy though, as if someone else with deep pockets realises the value here they could soak up the shares pretty quickly.
Anyone else have a medical stock in their portfolio with a greater return on investment I'd like to hear about it. Please post your tips. Happy to take your next best if you can't beat PGC
- Forums
- ASX - By Stock
- PGC
- Ann: FY23 Results Announcement
Ann: FY23 Results Announcement, page-60
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PGC (ASX) to my watchlist
(20min delay)
|
|||||
Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $753.1M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 44.5¢ | $110.9K | 246.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 112406 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 196077 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 112406 | 0.450 |
4 | 53582 | 0.440 |
1 | 100000 | 0.435 |
2 | 56000 | 0.430 |
2 | 101747 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 196077 | 2 |
0.460 | 15061 | 3 |
0.465 | 260887 | 7 |
0.470 | 349748 | 6 |
0.475 | 100000 | 1 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
Featured News
PGC (ASX) Chart |