williamteddy,
Just to clarify, I have never "admitted that you are associated with PPG"
I have however stated that I have bought and sold PPG shares over the years (as well as PGH shares) mainly through my super fund.
I have admitted that I am in the the industry and have been for over 10 years but closer to 20. I do not work for any Pratt or Geminder companies or associates.
I admire Ruffy as a man that has built a very good strong business, however I do not agree with how the business is managed at lower levels.
The reduction of white-collar workers is purely an EBIT/EBITDA hit as the redundancies/restructures hit the P&L. This headcount from what I am being told has occurred but there has been no mention of the cost to the business for this restructure.
You use a couple of examples where he tried to privatise a couple of companies, what you ignore is that he has bought many more companies than the number has has not.
All I am suggesting is that he is well advised and he does have a process with assumptions that most shareholders would not be privy too.
He is a successful businessman and hence my admiration, however I would never work for the man purely due to his ruthlessness'.
Time will tell on where this goes. My experience with any listed entity where there is one dominating/controlling shareholder is that the SP always languishes. What supports this is that institutions will not invest behind this type of investment.
I hope I have provided clarity on where I sit on PGH/Ruffy.
- Forums
- ASX - By Stock
- PGH
- Ann: Intention to Make Takeover Bid
Ann: Intention to Make Takeover Bid, page-161
-
-
- There are more pages in this discussion • 68 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 PGH (ASX) to my watchlist
(20min delay)
|
|||||
Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $292.6M |
Open | High | Low | Value | Volume |
84.0¢ | 85.0¢ | 80.5¢ | $57.88K | 69.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2048 | 80.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 8707 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2048 | 0.805 |
2 | 13288 | 0.800 |
4 | 33527 | 0.790 |
2 | 50593 | 0.780 |
1 | 2200 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 8707 | 3 |
0.860 | 19091 | 3 |
0.870 | 34275 | 2 |
0.880 | 1604 | 1 |
0.900 | 5950 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
PGH (ASX) Chart |