I would place my bet on a moderately significant impairment. However, the market will probably overreact (and fairly so, given the negative sentiment), so if that happens I wouldn't be surprised to see a 20 to 30% drop. While this may be necessary for the long term, if there are impairments it will spell big pain in 2019.
Personally, I wouldn't give many chances to another acquisition, given past similar trading halts (that stated it's about acquisitions).
I would place my bet on a moderately significant impairment....
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Last
44.0¢ |
Change
0.020(4.76%) |
Mkt cap ! $728.3M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 44.0¢ | 40.5¢ | $1.783M | 4.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 467 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 3823 | 2 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| PGC (ASX) Chart |