Early shoppers bargain, page-28

I am hoping that the couple of acquisitions yet to be announced show very strong synergy with existing operations, and the value add is readily apparent. I trust this is why PGC have blown the share base out like they have - the acquisition opportunities were too good to ignore..

If the synergies and value add are readily apparent, it will then be an easier hold through the long timeframe to when there will be a clear benchmark on PGC's true post acquisition EPS position. Whilst first half of FY19 will cover a full six months of the acquisitions, it will have the usual weak first half seasonality. So it will be a very long wait to the end of FY19 for us to see where PGC have got to.

But the market rewards the patient, right?

Gosouth