You are exactly right ....IF this ever flies again.
The next developing concern for PGL is not losses, but in fact deterioration of new lending.
New SME loans have completely dried up in this space, and this company needs to be lending in order to generate revenue to outweigh the losses.
Right now and going forward they continue to face the perfect storm of losses coupled with a sizeable reduction in new lending. The concern is this will have a catastrophic consequence for the company.
The current price action and flow of money out of PGL appears to be moving towards that realisation.
Someone knows something?, page-16
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Last
40.5¢ |
Change
-0.005(1.22%) |
Mkt cap ! $66.66M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 41.5¢ | 40.5¢ | $80.91K | 199.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 1000 | 1 |
View Market Depth
| Last trade - 14.45pm 03/06/2024 (20 minute delay) ? |
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Last
40.5¢ |
Change
-0.005 ( 1.22 %) |
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| Open | High | Low | Volume | ||
| 41.0¢ | 41.0¢ | 40.5¢ | 4215 | ||
| Last updated 13.17pm 03/06/2024 ? | |||||
| PGL (ASX) Chart |