Plenty of emotive phrases and lack of detail. Complete focus on...

Plenty of emotive phrases and lack of detail.
Complete focus on negatives without any consideration of the positive aspects of the announcement.
I hesitated in responding because there is just so much bad about this post that it is hard to take it seriously,

Lets give it a go:

Re: shocker first half.
A 4% reduction in revenue compared to the previous is hardly a “shocker”.
There was a heads up in the AGM, so this is no shock at all.

Re: “intriguing that PGC felt the need to really make sure the market knew that the first half was going to be weak”
This is just simple disclosure. I find it hard to understand how good disclosure could be questioned.

re: Hopefully a lot of this is already built into the share price. But it aint necessarily so.
The share price has already declined by more than 4% since the agm. The full year guidance is still for significant growth compare to the previous full year. I struggle to see why any reduction needs to be built into the share price.

Re: On top of 'more seasonality than normal', resulting in falling revenues (a very bad look), we have one offs that will drop the statutory EPS. All a bit of an ugly look.
There is a cost to acquisitions and growth. As they are doing it without having to raise capital or issue more shares is a bonus to shareholders.

Re: So we now have to buy....
Sorry, but with the current share price, you dont have to buy anything!
At the current share price, at a pe of around 13, it values the company as one with revenue variability and low growth prospects.
Any proof of earnings stabilty is a bonus, not yet priced in.
Any significant acquisitions are not yet priced in.
Any significant growth is not priced in.
Any income from Midas is not priced in.

Re: In the meantime the PGC share price will be weak, the Feb 1st half result will be ugly and then there will be a long wait for the second half to come in, which will show whether the first half really did have more seasonality than normal.
The Feb 1st half is now disclosed, nothing more ugly to come. Seems like you didnt read the comment about an “UPGRADE” to full years earnings after the acquisitions are settled.
Plus more acquisions in the pipeline.

I too would like to buy more at a lower price, but I wont resort to posting rubbish in an effort to do it.