I have no issue with all the previous statements, but I think your comment is demonstrative of falling in love with the stock and losing a sense of objectivity.
I genuinely think the company is doing well and moving forward is worth holding (even adding)… but I see your statement as one that is looking for reasons to justify holding the company - in which you’ve discounted the possibility that this may not mean anything, and is just paperwork to continue/update the status quo on financial records - which suggest that even if things were going downhill, you’d be able to justify it as a significant positive.
Just saying that mindset is not helpful in remaining objective. I think for the purposes of THIS discussion, it certainly IS the point whether the share purchase is new, or if it is just update of a paper trail. A new buy at this level after the history is a significant positive, with positive uncertainty as to a takeover in addition to the vote of confidence by a major company that has multiple reasons to avoid re-taking a position.
A beaurocratic update of the financial paperwork provides nothing more than an assertion of the status quo - and is neither positive nor negative. Take it as you wish. But I disagree with your notion that the distinction is not the point. It certainly is, both semantically AND from a sense of determining if there is an increase in non-transparent value.
- Forums
- ASX - By Stock
- PGC
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-13
Add PGC (ASX) to my watchlist
|
|||||
Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $695.2M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.0¢ | $211.5K | 496.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 43075 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 43075 | 0.420 |
1 | 50000 | 0.415 |
1 | 9748 | 0.410 |
1 | 25000 | 0.400 |
1 | 25000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 67914 | 2 |
0.445 | 9799 | 1 |
0.450 | 212789 | 5 |
0.460 | 43563 | 5 |
0.465 | 50000 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
PGC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online