re: Ann: Appendix 4E & Full Year Statutory Ac... Caketin I...

re: Ann: Appendix 4E & Full Year Statutory Ac... Caketin

I thought the price would have picked up a month or 2 after the options expiry in May , I was thinking at worst maybe half way towards the price it was before the opps pressure 40c so 27/28 but it has not done so .

There seems to be much more selling than I expected , I looked in to this and discovered that one of the top 20 holders has been continually reduced their holdings

If you look at the top shareholders the current number 9 held closer to 2m in the previous top 20 in 2011 ,

A more recent top 20 shows they are still selling, a more recent number showed it is now under 500,000

IMO until that line is gone it wont go above 20c

I Copied this from the top 20 in the companies most recent ASX announcement

1.BRETT CHEONG & LYNN CHEONG 2,544,117 7.88
2 JMT INVESTMENTS PTY LTD 2,460,784 7.62
3.TLB HEALTHCARE CONSULTING LTD PTY 2,400,000 7.43
4.MR SHANE FRANCIS TANNER & MRS ANNE MAREE TANNER 1,702,867
5.INTERPRAC FINANCIAL PLANNING PTY LTD 1,170,000 3.62
6 MR KEITH STERRY WOODRUFF 1,050,000 3.25
7UNRANDOM PTY LTD 1,048,971 3.25
8NETWEALTH INVESTMENTS LIMITED (WRAP SERVICES) 966,560 2.99
9 NATIONAL NOMINEES LIMITED 797,984 2.47
10 CHARKAROO PTY LTD 753,093 2.33



Apart from the drying up of this overhang of NATIONAL NOMINEES STOCK i think there is 3 key dates that may positively affect the price

1. The Quarterly ( need to see if the revenue has kicked back up again or the slowdown they encountered in December 2011/12 has returned ) If it is back in growth and good positive cash flow again that would be positive


2 The AGM , I think the commentary from the chair will show if they are optimistic or not after the reduction and consolidation of their costs in early 2012


3. The half year is the biggest catalyst as this is real
profit and loss not cash flow which can include one off income or expense , if the December half year can show over $8m revenue and a net profit , I see strong upside


PGC has about 32m shares on issue at 20c = $6.4m market cap

I am hoping in 2012/13 they can return to double digit EBIT growth and come in over $16m revenue .

Just my thoughts and its great to see a bit of chat on this forum