My concern re Midas is to be honest they didn't pay much for it (Cirka 1M-2M i believe) which on face value seems like the cost of an under developed application. I guess the major positive is if the issue is on-boarding the large prospective clients PGC is one of the best placed companies to make it happen. (could be the counter reason for the cheap acquisition price). Either way when Chris Judd (you read that correctly) raised the issue of not allocating enough money to push the product and protect the window of opportunity the MD swiftly replied there is at least a 3 year head start to competitors and if they spent more money pushing the product it would be a waste of funds as its the on board timing with the major clients that is the issue.
PGC Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
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