Me too olddizzy. I recommended PGC on HC yesterday. Imagine my dismay when I see that the bugger has tanked 25% today.
I'm buggered if I know why it has. They wouldn't spin it off if it was a massive money earner and it may prevent the need for future cap-raisings if further acquisitions are on the cards.
I can see why PGC are streamlining their business. The "one stop shop' idea is very helpful to the medical / health services industry. If the synergies between looking after the oldies and the medical supplies / services aint value adding then bravo, sell it off.
I honestly expected the opposite reaction from the market ....
Stupid market....
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Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $653.8M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.0¢ | $64.85K | 165.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3913 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 3912 | 1 |
View Market Depth
| Last trade - 15.09pm 29/07/2025 (20 minute delay) ? |
| PGC (ASX) Chart |