It really is an interesting one. The dividend return is attractive, the P/E is one of the lowest around, and the projection from here will be super strong. IMO this should be flying, but I think there are still quite a few skeptics, and I can understand it given the past.
We will definitely have a big loss in the financial statements for FY18, but it will be non-cash, so expect a similar dividend and some very strong future projections. With the "other stuff" behind them - look out IMO.
If it holds were through next week, I'll also be looking to top up some more. Holding for the dividend alone should be worthwhile on this one - because you should see both capital growth and dividend return coincide.
PGC Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
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