I bought in just north of 30 cents, averaged down today, will continue to average down with fresh cash as SP drops further, however, I think we're going to see a couple of years of turn-around.
We have to be honest: the trend is down, it's working against us - the dividend is coming out of reserves and even if you exclude the "one-offs", things aren't moving in the right direction.
On the numbers, I think this is a fabulous opportunity - and I've bought it - but I fear the knife has further to drop. Senior management has no significant manufacturing experience, the drought and what it means for packaging, head-winds in the economy and so forth. PPG is a risky bet, IMHO, but in the context of my portfolio, it's a bet worth making.
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I bought in just north of 30 cents, averaged down today, will...
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.62M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8227 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 20820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8227 | 0.075 |
1 | 4828 | 0.074 |
1 | 20000 | 0.073 |
2 | 41172 | 0.072 |
1 | 50000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 20820 | 2 |
0.085 | 50000 | 1 |
0.105 | 100000 | 1 |
0.110 | 24674 | 1 |
0.130 | 300000 | 1 |
Last trade - 16.12pm 21/08/2024 (20 minute delay) ? |
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PPG (ASX) Chart |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
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