Chao. the 3% creep provision is actually every 6 months , not per year. so we could maybe see another chomp in Q4 of this year, unless Coliseum have already taken over PGR !!
Given in todays announcement that the Director on the board of PGR is also a director of Coliseum, and therefore someone who can objectively assess the company's prospects going forward, the recent top-up by Coliseum is indeed very positive in my view and should give us all some confidence. Like Coliseum I have topped up, but of course my purchases pale into insignificance compared to Coliseum !!
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