Wow. Not a good start for the new CEO. I can't remember a time when PGC significantly missed guidance in the last 4 years, let alone managing to loose $5m on a $11m division. I also can't remember them releasing such a snaky announcement before. There's a lot of goodwill lost in that announcement that wont come back for quite a while.
Though I use T/A more than F/A, (because I'n not very good at it) I believe T/A is mostly a tool for detecting leaks, with a bit of human psychology thrown in between the major moves. The PGC chart has been shouting something like this should be expected for quite some time.
Ann: Company Update & Earnings Outlook, page-23
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $769.7M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 46.0¢ | $152.8K | 327.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46200 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 12200 | 2 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| PGC (ASX) Chart |