Twas AGM day today.
Punters obviously loved what they were told [click for presentation]
Up 5c to 91c
Best Wishes
Paper Tiger
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Twas AGM day today.
Punters obviously loved what they were told [click for presentation]
Up 5c to 91c
Best Wishes
Paper Tiger
With "target stock turnover between 5 and 6 times,and strong growth in FY17 across all key metrics" it would appear we remain "well positioned."..lol.
They've built a great track record of consistent growth with high ROC in a fragmented industry, with a long runway so plenty more to come - we're well positioned indeed :)
Nasty looking drop over last couple of days on big volume.
Anybody got any ideas or conspiracy theories?
Best Wishes
Paper Tiger
No theories.
A little concerned as PGC is my largest Aussie holding.
Half year result due early February.I expect a solid result.Will sit on my holding until then.
So the sp is falling on no news [that I know about].
They appear to me to have their business model right.
The move to consummerables has improved cash flow.
The balance sheet is strong.
The acquisitions have been soundly based.
T/A wise my KWadvisor would say.... "CULL".
I made some enquiries to the company re the fall.
They are not aware of govt and/or other changes in the industry that will negatively affect them.
The business continues to trade well, as usual the second half will be stronger than H1 and current order book supports that view. So in summary, nothing for them to disclose to the market
Thanks for sharing your enquiries mark thats very reassuring. Maybe its just an insto like AEF selling down/out. Holding for now, defensive and growth in one.
ps hope your entering the ASX comp this year:)