It has been a tough ride. T One of the least attractive and interesting shares to new buyers and constantly driven down and manipulated by SS. The short positions are not massive, but they have definitely been on the increase in the past month. Low turnover actually works well as they churn through and send it down with little support.
Positive updates from this management are few and far between. Yet, if they still continue on their dividend programme, it yields quite well. Hopefully the recycling programme and lifting their prices where possible, will have a more positive effect on their bottom line, off setting some of the resin price rises of the past 6 months. It will be an interesting EOFY result this time for sure. Overall, I guess buyers are looking for some wow and for the moment there is little to see.
PGH Price at posting:
$1.91 Sentiment: Buy Disclosure: Held
