My view is that we have an accumulator in the stock at present , 500,000 order was filled last week , and now we have another 500,000 odd order at 34 again
The markets weakness has definitely caused PGC to slow in price appreciation as sellers took profit or got out of a liquid position to fund other market losers
In respect to your questions I have a few opinions on some of the questions not all
Q1 I think they should lock down the scan medics and Richards acquisitions to Christmas and wait till they are in a position of much improved financials before going again , once they do I think they should focus on a QLD purchase, that adds additional product nationally but adds a cross distribution capacity better than PGC has now , the Scanmedics does this in NSW , and we are already dominant in Victoria , as far as size goes I would be hoping to see a $1m additional profit acquired for $3-4 million , 80% funded from the Westpac debt , 20% in shares so the seller gets skin in the game as all other acquisitions have to date, with not one selling any stock since inception of this strategy
Q2
I think we are already beginning to see this , the current buyer and one or 2 new top 20 shareholders have appeared in the last 3-6 months
Q3
Don't know
Q4
Yes , they should give us a clue how Scanmedics and Richards are going
Q5
Always results in the long term , noise and acquisitions in the short term , in my view we are about to see the payback in results of the last 2 years of slog
Q6
I don't know
Q7
4 cents in my opinion or $2.5 million on the basis we can see growth in double digits
Q8
Don't know if we need to attend , but I do think the chair will provide an update to forecast for 14/15 and 15/16 as well as commentary on the current halves performance
Just my opinion , but I have been wrong on PGC many times thinking we were going to 50 cents in the short term and the sellers from the likes of CCZ etc have stopped any momentum
PGC Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
(20min delay)