shareholders can easily avoid dilution by buying a few shares.
The real number to look at is the total value of shares sold since the results announcement. Only around $2M worth has been traded, so, as of announcement date, around 2%, yet it has reduced market value by $25M, or around 20%.
to put that into perspective, PGC is about to pay out $4 mill in dividends for the half year. It also made $15 mil in net profit tax which on todays SP is 13.5% return after tax.
struggling to see the downside on buying more at these prices. Highly profitable defensive stock at 20 year lows. Management forecasting increased earnings for the next 2 years. And we have acquired 3 complimentary businesses including quantum.
it would not surprise me if the seller bought $2M worth of stock over the next six months to reset their position at a lower price. Risky strategy though, as if someone else with deep pockets realises the value here they could soak up the shares pretty quickly.
Anyone else have a medical stock in their portfolio with a greater return on investment I'd like to hear about it. Please post your tips. Happy to take your next best if you can't beat PGC
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shareholders can easily avoid dilution by buying a few shares....
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Last
41.5¢ |
Change
0.020(5.06%) |
Mkt cap ! $686.9M |
Open | High | Low | Value | Volume |
40.0¢ | 42.0¢ | 39.5¢ | $800.1K | 1.961M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 134999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.410 |
2 | 36905 | 0.405 |
3 | 105300 | 0.400 |
5 | 124731 | 0.390 |
6 | 71481 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 134999 | 1 |
0.420 | 312577 | 6 |
0.425 | 169901 | 4 |
0.430 | 1185 | 1 |
0.440 | 166820 | 3 |
Last trade - 15.59pm 14/06/2024 (20 minute delay) ? |
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Last
41.0¢ |
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Change
0.020 ( 3.85 %) |
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Open | High | Low | Volume | ||
40.0¢ | 41.5¢ | 40.0¢ | 494448 | ||
Last updated 15.52pm 14/06/2024 ? |
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