PGC 3.13% 46.5¢ paragon care limited

Hi I have also programmed my take-up of my rights and as per...

  1. 5,669 Posts.
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    Hi I have also programmed my take-up of my rights and as per bank limits programmed them over 4 days as I have to take up on behalf of a few companies I manage as well. I did sell a few when it got into the seventies but bought most back when it dropped to around 62c. wasn't any clever plan just a thought that if the price before the deal was 67c less say 3 cents for the averaging with rights at 53c then below 62c its a steal.

    I am not sure how it will pan out in short term but really if they replicate the process as they have done in the past then I expect we will be able to see a re-rating after the interim results.

    Still believe its a great stock and $1.00 is on the cards if they continue to deliver upon the good management as they have done in the past 3 years.

    Gaps for me are a larger stockbroker putting it into their portfolio of stocks - like Morgans but would be even happier if it was say UBS who do LHC.

    The other gap is delivering the underlying EPS in 2015/16.
    Last edited by joewolf: 21/09/15
 
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