I was fortunate to ride the spike a few months back and sold at a nice profit, but I've been waiting for a while to get back in.
The only thing really stopping me (other than I'd like it to be below 30cents/share when I buy!), is that it seems, to me, very strange to pay a dividend after a cap raising, and when there is still debt.
I suspect they want to pay a dividend to set a base and get dividend-hungry people interested, and also because the directors collectively own a lot of shares. But it makes me somewhat nervous.
I was fortunate to ride the spike a few months back and sold at...
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Last
47.5¢ |
Change
0.010(2.15%) |
Mkt cap ! $786.2M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 48.5¢ | 46.5¢ | $645.1K | 1.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55000 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 147836 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PGC (ASX) Chart |