PRG 0.00% $1.03 prl global ltd

PRG oversold. Buying at $1.50

  1. DSD
    15,757 Posts.
    Alerts flashing caused me to look at PRG and spotted managements estimate of FY17 EBITA of 100-110m.

    That puts PRG on a fwd PE of about 3.0!! Good enough for me. Just bought some at $1.498av. Anyone else buying some? But company is not without risk of revealing further bad news.

    PS.As mentioned by earlier poster mind boggling to thing PRG rejected a TO by SPO at $6.11!! PRG has been very badly managed and they bought Skilled just as recruitment for workers crashed. Will PRG now become a TO target again after huge price fall? Does have a string of exc maintenance contracts.
 
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