The guidance for 2013/14 Caketin was actually not that great and not a reason to buy , might have been a reason to stop selling as they actually missed the top end of the numbers range that was forecast prior to the LR deal , albeit with one off costs on the IT send of 400k
The good news however was the new finance facility which really takes away the risk of a cap raise below 0.37 , the upside of further debt funded acquisitions and the expectation of what the 14/15 numbers bring.
Id like to see it stabilize at the current levels than bursting through 0.40c before the results or any acquisitions are announced.
PGC Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)