Just watched the weekly CEO interview of the Eureka Report ( Alan Kohler ) and Mark Simari of PGC was covered .
After a very tough question first up the interview was very good , most interesting for me which hubby and I disagreed on was the margins PGC make on sales .
The numbers which is my focus are that PGC hope to be generating revenue of 100 million in 2-3 years at a 45% GP margin or 15% EBIT , ie $15 million , some from organic growth which is clearly there as they have far less market share than I realised ( 6-16% dependant on which products ) and some from acquisition funded from cash flow debt and share issue .
Seems to me Kohler was surprised by the organic growth potential and confirmed he was a shareholder for the long term.
I subscribed to the Eureka report www.eureakareport.com.au for free under the 20 day offer Hot copper is promoting in one of their adverts.
Seems to me a $1 is possible in the next 12 months
PGC Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)