PGH share price taking because of low liquidity with a negative updated at the AGM:
"Contract Manufacturing Segment• Performance has been impacted by lower demand, due to lockdowns in Victoria and New South Wales, and by higher input costs. For the first half, we expect Underlying EBIT to break even. While easing COVID-19 restrictions are expected to create a slightly more favourable demand environment in the 2nd half, further cost increases will challenge margins."
Reading into the context of this, whilst the rest of the divisions are expected to turn around in 2hfy22, contract manufacturing results are anticipated to potentially get worse.
PGH Price at posting:
$2.56 Sentiment: None Disclosure: Not Held
