PRG 0.00% $1.07 prl global ltd

Hi epeeist - sorry I am not smart enough to work that one out. I...

  1. 7,220 Posts.
    lightbulb Created with Sketch. 1105
    Hi epeeist - sorry I am not smart enough to work that one out.

    I just know that when BOTs are around it is the pro's at work. In this case my best guess would be that they are supporting the SP so they can off-load some to rebalance (reduce) their ASX200 weighting since PRG dropped out of ASX200 but I would only be guessing.

    The net result so far for me is that I have picked up a few more mid 1.80's which appears good value to me. Happy to pick up a few more lower if it goes there. I am looking at a LT term investment as I like the fundamentals & the way the company is going with the 'absorption' of Skilled into the business. Lots of synergies & savings. Big brand & lots of experience.

    Hopefully next year PRG will be back in the ASX200 & these guys will have to be buying back in again
    .
 
watchlist Created with Sketch. Add PRG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.