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1.06%

46.5¢ paragon care limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-12

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6,315 Posts.

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04/07/18

10:34

Post #: 34126899
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Originally posted by LuvU4Free ↑

Resolution2 will allow the company to hand over way too much power to NAB. And this is the same NAB that pulled the plug on DSH, in the way they did it. A simple corporate debt for PGC would only give NAB the power to pull the plug. But in the proposed cross guarantee arrangement they will also have the power to manipulate operations. This his what the EGM notice says-

(b) the operations of the Paragon Care Group may become restricted by the representations and undertakings in the new Facility Agreement and related finance documents.

The acquisitions PGC have done so far, look good to me. Going harder in the same direction is something needs thinking about. We can rely on the management’s track record so far, but it is difficult to forget the saga of ABC Childcare. Paragon’s NTA per share now is negative enough, but going further negative, should be considered very carefully - in my personal view. Also in my opinion, if Resolution2 fails, then Mark Simari's new role as Head of Merger & Acquisition will become restrictive. On the other hand passing Resolution1 will help new CEO Andrew Just to grow the company organically.

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My concerns exactly per above comment.... Let's hope someone brings this up in the meeting.

PGC Price at posting: 83.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	46200	0.465
1	21732	0.460
4	138109	0.450
1	22471	0.445
1	20000	0.440

Price($)	Vol.	No.
0.475	12200	2
0.480	39792	3
0.485	75702	3
0.490	4238	3
0.495	60796	2

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