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
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- Ann: FY23 Results Announcement
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $744.8M |
Open | High | Low | Value | Volume |
45.5¢ | 46.0¢ | 45.0¢ | $106.7K | 234.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 61462 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 31857 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 61462 | 0.455 |
2 | 27500 | 0.450 |
4 | 12225 | 0.445 |
4 | 66081 | 0.440 |
2 | 190000 | 0.435 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 17177 | 4 |
0.465 | 245602 | 5 |
0.470 | 351595 | 7 |
0.475 | 100000 | 1 |
0.480 | 211226 | 4 |
Last trade - 13.06pm 19/07/2024 (20 minute delay) ? |
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PGC (ASX) Chart |