I would question the preparers of PGH accounts Dec 2018. How could a company significantly write of its intangibles and assets without warning. Intangibles basically goodwill of $231m and other assets $136m were written off against profit last financial year. These were all non-cash items. I think it was done with a purpose. Further, the chair picked some $5m worth of shares lately. Looking manipulative to me.
PGH Price at posting:
$2.47 Sentiment: None Disclosure: Held
