I wouldn't mind a tie up of PGC and MLA.
The downside with the ICU cash bid is MLA holders lose exposure to a good health business with tailwinds (especially after giving away the loss making animal business; there are very few such businesses on the ASX) and valuation upside (I think MLA is worth north of 10c per share). The upside is it provides holders with cash and a clear out.
I think MLA is probably subscale for a listed company. So it probably needs to find a larger home.
I wouldn't be surprised if PGC has explored this option before, but the timing probably wasn't right.
I wouldn't mind a tie up of PGC and MLA. The downside with the...
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $678.6M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 41.0¢ | $997 | 2.431K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7648 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 107575 | 3 |
View Market Depth
| Last trade - 10.11am 19/06/2025 (20 minute delay) ? |
| PGC (ASX) Chart |