Key Highlights :
"– Strong full year results expected, driven by organic growth across the portfolio and performance from the newly acquired businesses that has either met or exceeded pre-acquisition expectations.
– Operating cash flow has strengthened, driven by a reduction in debtors and inventory.
– Integration efforts are progressing well and the Company will benefit from a full six month earnings contribution from these businesses in 2H16.
– Significant revenue and cost synergies are emerging following the recent acquisitions.
– Paragon should be better placed to provide full year revenue and earnings guidance in June given the challenges associated with accurately forecasting performance of the recently acquired businesses.
– Paragon was added to the All Ordinaries Index on 18th of March 2016."
To my mind the largest of the comments lies in the cash flow line - that was the big question so its looking a lot better ...
Should be a strong buy at these prices IMO.
Just bought a few more.
Plenty of supportive commentary ...
PGC Price at posting:
60.0¢ Sentiment: None Disclosure: Held
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