Changed a few lines after speaking to our lovely moderator
From a traders perspective. Please see Post #:37429835 for my trading history on PGC.
So you want to divorce PGC (Post #:33596632) because the original investment thesis from 3 years ago no longer applies. In my opinion selling now would be a disaster. Luckily there is an exit point in the not too distant horizon. If you look at the chart below she might actually stumble on a golden cross in the next 3 or so months. You might want to avail of this high probability spike opportunity to cover some loss. Great entry point for a trader but also a great sell point for those who wants to get out.
Fundamentally speaking, If you are still of the idea that this is a good long term hold please read this - Post #:36733525 There are far better quality companies out there at this point in time.
More importantly read this (Post #:36748267 ) which sums up the issue with PGC which we see time and time again with this inorganic growth strategy which I will actually reiterate below:
M&A decisions and an ill-disciplined allocation of shareholder capital is the fastest way to impairments.Not saying this has happened butI'm now saying that this has happened and a risk that we all take and most have now monetarily realised in buying in. At best PGC endures further SP value destruction in the short/medium term due to disappointingforecastsresults. Worse is failing to deliver long term and balance sheet repair becomes an overwhelming priority.
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Ann: Appendix 4E - Preliminary Final Report, page-61
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $761.4M |
Open | High | Low | Value | Volume |
45.5¢ | 46.5¢ | 45.0¢ | $170.0K | 373.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 8468 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30000 | 0.445 |
2 | 46081 | 0.440 |
2 | 190000 | 0.435 |
2 | 56000 | 0.430 |
2 | 101747 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 8468 | 2 |
0.465 | 268410 | 7 |
0.470 | 349748 | 6 |
0.475 | 100000 | 1 |
0.480 | 211226 | 4 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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PGC (ASX) Chart |