Result came in as expected with a strong turnaround. EPS for the full year should be 8+ cents with a 6c FF Divy.
The appointment of a global consultancy firm to chase growth prospects is interesting, this already indicates the influence of the new board members and major shareholder is present.
Currently PGR has surplus cash with no financial leverage so opportunities exist to bulk up. I smell M & A on the agenda.
PGR Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held