40% lift in one day suggests either:
1. the company was severely undervalued prior or the announcement.
2. the owners of PGC did a very astute deal by merging with CH2 and doubled their value as a result
0r
3. market got a bit excited and may have overpaid.
personally I was very happy as snapped up a decent parcel prior to the results announcement and sold out today. I could regret selling too early but the rise seems unsustainable as other than synergies and cost savings not a huge amount has changed for the 40% lift.
very tight margins on CH2 - they could go up and that would be huge but they could also go down which would be a huge flop.
profit take for me for now and will continue to watch what unfolds .
well done to all holders who stood fast during the crazy sell down 6 months ago!
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $686.9M |
Open | High | Low | Value | Volume |
42.0¢ | 42.5¢ | 41.5¢ | $191.9K | 453.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 182851 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 131976 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 162818 | 0.415 |
1 | 90306 | 0.410 |
4 | 121664 | 0.405 |
3 | 201063 | 0.400 |
2 | 139779 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 284702 | 6 |
0.430 | 131976 | 3 |
0.435 | 55213 | 4 |
0.440 | 189650 | 5 |
0.445 | 100091 | 2 |
Last trade - 10.53am 26/06/2024 (20 minute delay) ? |
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PGC (ASX) Chart |