PGH pact group holdings ltd

I am sure that nearly all shareholders knew about the EGM to...

  1. 14 Posts.
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    I am sure that nearly all shareholders knew about the EGM to delist the company. They would also have known that RG with 88% would be voting in favour of the resolution. So, many could have felt that there was no point in voting in the first place. I have also suspected that there is a majority of investors who have no idea that this HotCopper discussion site even exists, (I for one only came across it by pure chance), indeed, it's on the cards that the only information reaching these shareholders is by viewing the ASX daily stock prices and notifications from the company.
    If therefore you missed the EGM, let me assure you, you missed nothing. For example, is Mr. Michael What'it's elevation to Deputy Chair with a very substantial remuneration hike for services rendered or for additional responsibilities now being performed? Any question that did not have a direct relevance to the agenda was disallowed which was a pity because this would have been an opportunity for the Chairman to have given us some insights for his vision for the future, however, that was not to be and he chose to say nothing.
    The only spark of light in an otherwise soporific meeting occurred when the chairman referred to the two or three major blocking shareholders when a note of frustration and irritation could be detected. But I would have spread the net further than the 2 or 3, as I think it's the 12% blocking shareholders who are RG's problem.
    It also became evident that assisting shareholders to buy or sell could well be far too onerous for the overworked company and anyway, likely to be bound up and tangled in legal difficulties. Also, it was clear that there would be no additional information forthcoming from the company other than what has to be released under statuary requirements.
    Between now and when the lights go out on the 14th or 16th July, there should be the anticipated “this is your last chance to sell” tsunami. If there is anyone left who really wants to sell at the current suppressed prices, they have had more than adequate opportunities to do so.
    My feeling is that the remaining 'blockers' enter into a totally different environment. This is one in which the last quoted share price becomes irrelevant. It's now a question of the price the 'blockers' demand against the price RG is willing to pay to gain 100% control. If this Mexican standoff lasts for some time, it can only be to our advantage.
    Being the astute player that he is, RG has managed to acquire his 88% at a bargain basement price, but there is a feeling that if he had been just a tad more generous he would have easily reached the 90% mark, and I bet he's kicking himself for that judgemental failure. I can only hope that those sitting at the negotiating table don't buckle and get fobbed off with something just north of a dollar. If I was there, I would not bother accepting anything under $3.00 and would be looking for something well over that starting price.
    Just my opinion etc.
 
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(20min delay)
Last
76.0¢
Change
-0.010(1.30%)
Mkt cap ! $261.6M
Open High Low Value Volume
75.5¢ 78.0¢ 73.5¢ $70.85K 94.49K

Buyers (Bids)

No. Vol. Price($)
1 13671 73.0¢
 

Sellers (Offers)

Price($) Vol. No.
78.0¢ 7580 3
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Last trade - 14.39pm 16/06/2025 (20 minute delay) ?
PGH (ASX) Chart
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