I think this announcement will shake out shorter term investors and create new buying for the longer term defensive investor .
Confirmation they have integrated the most recent acquisition , and the result will be around $1.7 million not the $2 million EBIT number I was hoping was a bit of a disappointment.
The fact most of the miss related to a one off $400,000 restructure softens the disappointment
Even better is the annualized revenue and EBIT numbers , the finance facility ensuring no more raises sub .37c and the forecast of $30m revenues in 2015 on the back of a non dilution acquisition is fantastic
If the EBIT margin was 12% and can on increased scale head above 15% that is a might big number in 2015 for a company with such a small market cap
After reading the first paragraph of the announcement I expected weakness , but after putting it all in context I understand why the stock rose today and can now over the next 3-6 months head back over the next resistance line the placement price at .37c .
PGC Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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