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1.22%

40.5¢ prospa group limited.

Ann: PGL Trading Update 3Q23, page-9

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LeeVtwin

5 Posts.

24/06/23

10:25

Post #: 68448664
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Originally posted by JohnLB: ↑

Hi
I would think:
Missed IPO forecasts
Fears about upcomming bad debts that come with a recession and unsecured lending to uncrediwothy borrowers
Lack of interest of institutional shareholders in that type of lending
Have not achieved constant growth at the NPAT level (ie went backwards in the first half of FY23) as opposed to a company like PLT which seems to be constantly improving at that level each result
My view is that PGL is significantly undervalued at this time, however they have a lot of work to do to restore the trust of the market and interest rates do also need to stabilise before value can be restored. I think the HY23 result has meant a lot of people have lost confidence (given the share price). I would say there is better value elsewhere given the significant risks of this type of lending in this environment.

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Ok , well that sums it up nicely.....
Thank you .
PGL Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 40.5¢		Change -0.005(1.22%)		Mkt cap ! $66.66M

Open	High	Low	Value	Volume
41.5¢	41.5¢	40.5¢	$80.91K	199.5K

Buyers (Bids)

No.	Vol.	Price($)
1	100000	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	1000	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.405
2	42470	0.400
2	51321	0.395
2	136652	0.390
3	8500	0.350

Price($)	Vol.	No.
0.420	1000	1
0.425	39134	4
0.430	7400	2
0.435	29538	1
0.445	3000	1

Last trade - 14.45pm 03/06/2024 (20 minute delay)


Last 40.5¢			Change -0.005 ( 1.22 %)
Open	High		Low	Volume
41.0¢	41.0¢		40.5¢	4215
Last updated 13.17pm 03/06/2024 ?

PGL (ASX) Chart