Good Post Joe Wolf .
I agree with your comments if the EBIT is on forecast in the full year , the second half result will e very good and swing the momentum pendulum .
I think the reason for the selling pressure is coming from a few areas but primarily from the placement broker selling out after the company came in with a slow first half year result , and negative cash flow quarter .
Tax selling is adding to this and as a double banger .
Those with buy entry points of 0.35-0.50c are taking tax losses as they fear it could go lower , and other sellers are those that bought a few years back at 17-22 and are locking in on the profit taking the profit now to offset it against other positions they have in loss .
I sense many of these will come back if the full year is good and the sell side would have dried up
I am pretty full up in PGC as well but did buy a few more at 26 and 27 as they in my view are just to cheap at these levels to ignore the opportunity .
I really think Cake in 3-6 months will be celebrating the decision to buy as the company does reach its forecast , pays a further .01c dividend and starts to get re rated again as it did when it rushed up towards 0.50c prior to the cap raise and LR acquisition , which if you read the quarterly is performing above even their internal expectations
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Last
45.0¢ |
Change
-0.010(2.17%) |
Mkt cap ! $744.8M |
Open | High | Low | Value | Volume |
45.5¢ | 45.5¢ | 44.0¢ | $244.1K | 545.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 67514 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 67514 | 0.450 |
2 | 11300 | 0.440 |
2 | 190000 | 0.435 |
3 | 58200 | 0.430 |
3 | 103056 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 306002 | 9 |
0.465 | 683505 | 7 |
0.470 | 362513 | 7 |
0.475 | 100000 | 1 |
0.480 | 211226 | 4 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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