Good summary Dreamcatcher
I think those who are not really long term holders would know what this board forecasts this board delivers.
I think what the not so familiar holders or market watchers are missing , is that we are now almost certain the full year results for 2014/2015 are going to be very good , as the first 3 quarterlies have given us the clues
I also think PGC are more than likely to keep up the strategy of acquisition for at least another 3-4 years , where they buy a business on 3-4 times earrings, integrate it in to the current sales , get synergies and go again
I expect we will see 2 more in 2015/16 , and the revenue will be far more than the 50m forecast
This forecast comes from the chairmans strategy outlined at the AGM in 2013 , we have not had the uplift from this number or strategy , but you would have to think PGC is ahead of this target number .
Chairman Tanner , stated very openly PGC had a target to reach 50 million revenue at a 15% EBIT margin by year end 2016
With a market cap of $34 million , and now only 12 months out , that result would make the stock trade over $1.00 , which for the risk of delivery about 50% under what it is trading at now
In my pinion that is seriously under priced and discounting the likelihood of that outcome eventuating.
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41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $678.6M |
Open | High | Low | Value | Volume |
40.5¢ | 41.5¢ | 40.5¢ | $235.9K | 573.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 508554 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 63910 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 35407 | 0.405 |
1 | 1250 | 0.400 |
1 | 25000 | 0.390 |
2 | 27600 | 0.380 |
1 | 2512 | 0.370 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 63910 | 1 |
0.430 | 20000 | 1 |
0.435 | 55500 | 2 |
0.445 | 39924 | 2 |
0.450 | 227253 | 7 |
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