After seeing probably 3 months of constant sellers sitting on the offer and depressing or holding down the prices between 35-39 , the sell side is now looking very thin.
A few times over the last 2 weeks a new seller has popped up , but slowly the stock has been eaten by off screen buyers.
With the top 20 holding 65% and much improved fundumentals a re rate is just around the corner imho
looking forward to the Quarterly to see if the revenue growth has continued to improve.
Last year I was hoping we would see close to $15m revenue , up from the $9m the year before and they got to close on $17m ,
This year im hoping we can see between something xlose to $20m in revenue but at an at an ebit margin of greater than 10% ie 2m EBIT , so at a market cap of just under 10m at 36c , that result would be around 5 times ebit .
If the quarterly can show anywhere above $4m revenue with strong cash flow , illbe topping up again before the market becomes aware of this hidden gem
I hold PGC , and PGCOA , and have a LT and ST uy on both .
PGC Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held
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