re: ceo reassures me
I'm suprised FED bought into PCG, the way he has been knocking them for months.
Granted, this co is going down when every other industrial company is going up but what can you do when one institution decides to sell out for one reason or another (probably think they can do better elsewhere.). I think HH had 8 mill shares. And yes, they still have some left. Only averaging 200+ thousand shares market depth each day. Just remember that for someone to sell, there must be a buyer.
I'm still positive on this company and now a good chance to jump in to make a good profit...
Nothing has changed with this co... We all knew about the poorer 2nd half... Still making money.
There are a lot of competitors entering the scaffolding market at the moment, but when the property/building bust happens (especially in Perth) the new companies will go down the gurgler. At least PCG has spread their risk and branched out.
I just wish they would be more forthcoming with their new contracts etc. How's their formwork going at Ravesnthorpe with BHP Billiton.
my 11cents (incl gst) worth..
Geoff
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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