That's the one I have the least concern about - LOL. Its strange how we see things. Meditron is a great fit , as I understand it, with Scanmedics. It does have high margins because the equipment is expensive and yet its where the market is heading. Look at their webpage they represent some of the best in the world. You also have to give PGC credit they have been good at squeezing working capital.
As regards rewarding those that take-up and sell out for their 12% gain. Lets just remember that we as shareholders did not even get to take-up our entire allocation which I thought was very small. I had hoped for 1 for 3 given the size of the raising. Really as I understand it the placement was easy but the take-up of rights was strangely lower than expected.
I do think you will find that there is always a clean out on a day like today.
PGC Price at posting:
60.5¢ Sentiment: None Disclosure: Held
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