Very happy with the report. The turn around is definitely happening.
I thought the company would get back to paying dividend's this quickly as the directors have a large amount of shares and will want their large dividend payments. Thats how they get most or their remuneration year on year.
Good to see nett debt down and very happy that they will start paying this off shortly.
If i am reading it correctly we are paying $8mill in interest expense each year so once the debt is reduced this will improve our profitability and give us improving net profit without increasing revenue.
I am a little concerns what all these lockdowns will do to the next 12months but everything in the last 12 months have moved in the right direction.
might end up being a very good hold over the next 3-4 years
PGC Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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