My concern is the balance sheet in general.
Per the FY2018 Annual Report - you have the following facts:
Total Assets: 349,748,277
> Major item: Intangibles: 190,130,966
Total Liabilities: 179,605,965
> Major item: Debt: 94,073,848
The fact is - net assets are around 170m, and that's less than Intangibles. So, keeping it simple, excluding Intangibles the net assets are negative.
Perhaps it's just me, but I get concerned about debt levels with this fact pattern.
The dividend point is linked - why would you pay a dividend (as a 160m Market Cap company) with this fact pattern rather than repaying some principle? Happy for you to take an alternative view. If you have it, please share.
I will keep holding this because I believe in the P/L - just think it needs better management of it's balance sheet.
- Forums
- ASX - By Stock
- PGC
- 1H financials due today
1H financials due today, page-3
-
- There are more pages in this discussion • 6 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
|
|||||
Last
43.0¢ |
Change
-0.005(1.15%) |
Mkt cap ! $711.7M |
Open | High | Low | Value | Volume |
42.5¢ | 43.0¢ | 42.0¢ | $738.9K | 1.732M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25426 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 124266 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25426 | 0.420 |
1 | 24000 | 0.415 |
2 | 32926 | 0.410 |
1 | 11250 | 0.400 |
1 | 15000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 24266 | 2 |
0.435 | 78199 | 4 |
0.440 | 3990 | 1 |
0.445 | 47000 | 1 |
0.450 | 135508 | 3 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
PGC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online