I wouldn't complain if PGC had the same market share of the Australian market as Qantas does of its market.
I would not even complain if PGC had 10% of its revenues
I would however complain if they both had the same potential for market share growth , sales margin or actual market growth itself.
My estimate is that PGC have increased EBIT from about 8% towards 12% , market share in Vic from 1% to about 5% , in other states from 0% to 1-2% and the market itself must grow as the population ages and we live longer
PGC is a baby industrial business tat if it can get to 10% market share in the next 2-3 years will not be a QAN in turnover but i know which one id rather own at their respective values today
PGC Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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