PCG has undoubted short term share price momentum behind it and should soar when the final report is out. But the best news is that it is an even better LT BUY imo. The Aussie resource sector is set to keep going for the next three years at least. But with over half of PCG revenue derived overseas, the big growth is going to ride on their Caspian Sea oil and gas contracts, particularly if they secure a big chunk of the Kashagan oil field. These revenues are expected to continue for the next ten years or more. Add PCG involvement in Thailand, United Arab Emirates and the Gulf region and their potential is significant. Plus their integrated scaffolding and formwork packages appear to hold significant upside to their revenue generating capabilities. Todays close was an all-time high on good volume again.
PCG has undoubted short term share price momentum behind it and...
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