https://www.asx.com.au/asxpdf/20180208/pdf/43rfcf0x62vwjd.pdf
This presentation was the beginning of the rot - over promised and under delivered, as well as not being ruthless enough in getting cost out / integrating. Slide 2 of the presentation outlines the $250m revenue target. I was told by an insider that was to push up market value and get greater broker exposure that comes with being a top 300.
I took my full 1 to 2.8 entitlement (@5000 at $0.73) but fortunately sold these at $0.75 five months later when things started going south. The rest of my holdings were bought early / mid 2017 and I now only hold part of these in the hope they turn it @.
Unfortunately something drastic will be required to enable PGC to be considered a growth stock again and I think it will languish as a sub 10 P/E for some time to come. Based on current and projected EPS that will be a few years. I held both Zenitas and PGC. PGC is my "if only" stock as it had so much potential far more than Zenitas. I will be more than happy to eat my words...
https://www.asx.com.au/asxpdf/20180208/pdf/43rfcf0x62vwjd.pdfThis...
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $761.4M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 45.0¢ | $170.0K | 373.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 8468 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |