Readers might be interested in the projected EPS for PGC for this year is 3.3cps and for the following year is 4.2cps. ( I got these from Marcus Today but he says openly that these are sourced from one or 2 providers who supply most brokerages and analysts with the exact same figures) If these projections turn out to be accurate then applying a PE of 15, gives you a price of 49c and 63c. If a dividend is declared, as has been stated is the intent once the debt issue was managed, then you might expect some additional interest in the stock. I couldn't find the health sector PE for Australian companies so the PE of 15 may be higher or lower than the sector average...but what ever the actual figure then some food for thought..
PGC Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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