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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Last
44.0¢ |
Change
0.020(4.76%) |
Mkt cap ! $728.3M |
Open | High | Low | Value | Volume |
42.5¢ | 44.5¢ | 42.5¢ | $861.6K | 1.972M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 111901 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 51934 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 111901 | 0.420 |
1 | 82866 | 0.415 |
4 | 181337 | 0.400 |
1 | 25000 | 0.395 |
2 | 26325 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 51934 | 3 |
0.450 | 520498 | 11 |
0.455 | 12500 | 1 |
0.460 | 60756 | 3 |
0.465 | 67167 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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PGC (ASX) Chart |