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45.5¢ paragon care limited

The “rot” we have been recently told about was in the existing...

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ZMan

3,605 Posts.

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30/07/19

23:15

Post #: 39771511
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Originally posted by andros62 ↑

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...

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The “rot” we have been recently told about was in the existing business, not the acquisitions.
Any “rot” in the acquisitions is not yet been disclosed... thats the main concern in my mind.

PGC Price at posting: 51.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 45.5¢		Change 0.000(0.00%)		Mkt cap ! $761.4M

Open	High	Low	Value	Volume
45.5¢	46.5¢	45.0¢	$151.6K	332.5K

Buyers (Bids)

No.	Vol.	Price($)
3	31243	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.0¢	100051	8

View Market Depth

No.	Vol.	Price($)
3	31243	0.450
6	32733	0.445
3	50811	0.440
3	213683	0.435
2	56000	0.430

Price($)	Vol.	No.
0.460	100051	8
0.465	268349	6
0.470	349748	6
0.475	100000	1
0.480	211226	4

Last trade - 15.01pm 19/07/2024 (20 minute delay)

PGC (ASX) Chart