At 6.2c EPS PGC is currently on a historical P/E of 15. Hardly overpriced. Chuck a lazy speculative 10% growth in NPAT for FY18 and PGC is trading on a forward P/E of 13.7. Cheap for a company that has just grown earnings ~20%. Still a bit modest on the increase in EPS at just on 10%. That is the only thing putting the brakes on IMO. But not hard to see a steady rise to $1 from here.
Gosouth
PGC Price at posting:
93.0¢ Sentiment: None Disclosure: Held
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