I think the National noms final line of selling is now on the offer at 19.5 spec2bluechip approx (93000) amongst 3 sell orders .
PGC is very thinly traded with management and larger aligned shareholders owning about 60-70% of the 30m shares on issue
I think Health care stocks that sell hard goods opposed to medicines /biotech have a strong medium term upside as the population ages and more and more aged care , hospitals and home care is created from the ageing population
The 2011/12 numbers were quite poor but the numbers the chairman report contained were much better and a return to previous growth .
If they come to fruition and are more than just a forecast hidden within a chairs report I suspect this line of selling might be the last chance in my opinion to buy sub 20c over the next week or so .
I topped up our holding last week to the maximum holding allowed in our SMSF investment strategy for any single stock with a sub $10m market cap .
Fingers crossed that people keep ageing and there is a hospital system that needs to buy beds, equipment and medical aids
PGC Price at posting:
19.5¢ Sentiment: None Disclosure: Held
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