I agree with Joe , that PGC need an acquisition in SA, WA or NSW to build on their distribution capacity that is obviously far stronger in Queensland and Vic.
I am aware they were successful in a large bed tender recently in the cancer hospital in WA ( Fiona Stanley ) and expect that success will hit the revenue line in early 2104/15 when the hospital fit out is complete.
As far as the other tenders coming up in NSW predominantly , hopefully we may get an update on how PGC are progressing winning sales on that front and whether they do have any aspirations to make an acquisition in NSW , SA or WA in the near term.
I also would not complain if the final dividend is .5c rather than .01 and they preserve cash for an acquisition rather than issue more shares at any level below the last cap raise price.
PGC Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)