I have to disagree with you both slightly, I think it's a good result and inline/exceeding with prior guidance. Mergers and acquisitions are a complex process, as we've seen previously at Paragon, but this one with CH2 has been transformational and to see it on track is exciting.
I thought the guidance given a few years ago of a $1B market cap with a $100m EBITDA was laughable, but they've actually all but nailed it.
The revenue growth is pleasing, particularly in Asia where I think we'll see alot more. They've outlined segments with average performances which should rebound in the future and other associated one off costs.
No red flags is a great result and in time we'll see the benefits of the combined entity really shining through.
PGC Price at posting:
53.0¢ Sentiment: None Disclosure: Held
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