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
- Ann: Becoming a substantial holder
I have no issue with all the previous statements, but I think...
Featured News
Add PGC (ASX) to my watchlist
|
|||||
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) ? |
Featured News
PGC (ASX) Chart |