3 veiws of a secret
3 veiws of a secret
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TjamesX Any recent veiws on PCG ? ......you must be pretty peeved seeing this share slide. Looks like 50 cents is round the corner.
PCG - PCH Group
- Thread starter The Barbarian Investor
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me too sold PCG yesterday, on checking my contract notes i've held PCG since Jan 2004 more than doubled my stake plus divs, so will look to buy again later. porkpie
michael_selway
Coal & Phosphate, thats it!
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stiger said:IMHO the sp will bottom out at 44-46cps and the ships will start to come in so to speak .It is too well run to fail.The market is nervous at the moment ,but longer term things will be fine.Hang in there.Dyor.
Very low dividend payout ratio even for teh future it seems
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 9.4 6.2 9.3 10.9
DPS 1.5 1.8 2.0 2.5
EPS(c) PE Growth
Year Ending 30-06-07 6.2 8.5 -34.0%
Year Ending 30-06-08 9.3 5.7 50.0%
thx
MS
3 veiws of a secret
3 veiws of a secret
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michael_selway said:
Exactly Michael spot on,I was thinking of averaging PCG yesterday ,but what for!
I've been known to do u-turns ,but at 52 cents a share not worth the brokerage.
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3 veiws of a secret said:
Well I sold a fair amount of holdings at a loss a week or so ago, but overall probably about neutral as I was in at 37 c originally. Definitly hurt the paper profits considering it got to $1
Not really peeved but learnt a lesson - was slightly peeved at the May investor update which was way to bullish and I think the manager led a few down the garden path.....
The market won't care about this stock for a while (half year report next year) unless the Kashagan project start gets confirmed. The annual report was encouraging from a positioning perspective, but not from a profit perspective - I expect next years results to be around 5.5-6cps.
My underlying belief is its still a company with good growth prospects, but it won't be taken seriously until it gets diversified earnings in diversified geographic markets, and this seems to be where they are positioning the company.
Long term potential still very much there...
TJ
ghotib
THIMKER
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Anyone still watching this? It's been for a bit of a run this week, and this morning there's an announcement that the company has secured "a number of contracts" including 2 in Thailand and one each in Oman and Qatar. Very light on detail, and warns that "meaningful revenue flows will not commence until the second half of the year". I guess that means financial year?
I held on to this through the drop over the last few months. In retrospect I paid too much in the first place and I should have taken profits when I had them, though at that stage I didn't realise that I'd bought too high. I'm back into profit as I write this. No doubt some of the recent buyers will be selling now that the announcement is out, but I bought this for the long term and I'll keep holding it.
Anyway, just wondering if anyone else is still interested.
Ghoti
I held on to this through the drop over the last few months. In retrospect I paid too much in the first place and I should have taken profits when I had them, though at that stage I didn't realise that I'd bought too high. I'm back into profit as I write this. No doubt some of the recent buyers will be selling now that the announcement is out, but I bought this for the long term and I'll keep holding it.
Anyway, just wondering if anyone else is still interested.
Ghoti
Jumped 15 cents (22%) to 83 cents today. The company has received "an indicative, non-binding and conditional proposal from a trade buyer in relation to a possible cash takeover offer for PCH at an indicative offer price of 90 cents per PCH share." The board believes that the company is worth in excess of 90 cents and will continue discussions to obtain a [higher] price "that the PCH board would recommend to shareholders."
Congratulations to those who bought or added to their positions (or held on) in September/October '06, when PCG shares were trading between 50-60 cents.
Congratulations to those who bought or added to their positions (or held on) in September/October '06, when PCG shares were trading between 50-60 cents.
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Its enough to make you cry - I held a huge amount of stock in this company only 5 months ago - but today nothing
Good luck to all holders, I reckon they are worth a lot more than the 90c offer long term...
bugger
Good luck to all holders, I reckon they are worth a lot more than the 90c offer long term...
bugger
CanOz
Home runs feel good, but base hits pay bills!
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TjamesX said:Its enough to make you cry - I held a huge amount of stock in this company only 5 months ago - but today nothing
Good luck to all holders, I reckon they are worth a lot more than the 90c offer long term...
bugger
DITTO! and so goes the trade.
ghotib
THIMKER
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Hope you're right: I'm still holding. Anyone have any idea who the offer is from?
ghotib
THIMKER
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Offer withdrawn and speculators departing. We now return to normal business.
Does anyone know anything about the PCH DRP? I'm getting VERY slow and conflicting information from Computershare, and nothing at all from the company's website. I'll ask the company soon, but thought I'd ask here first.
Thanks
Ghoti
Does anyone know anything about the PCH DRP? I'm getting VERY slow and conflicting information from Computershare, and nothing at all from the company's website. I'll ask the company soon, but thought I'd ask here first.
Thanks
Ghoti
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Full-year guidance yesterday of pre-tax profit of AU $10m. Based on 180 million issued shares this works out to 5.5c/share. Obviously, tax has to be subtracted from this figure.
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With Cape being back in the picture, what will be the new offer for PCH Group do people think? Surely it can't be much more than the $1.08 it is currently at. Very happy with this latest run though, just hope it isn't another false hope - thinking about getting out - do other people see upside with this stock?
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What a funny last few minutes for PCG......
Went through my usual checking of companies on my watch list and see that PCG is down 15% to 0.94 on huge volume and no news from the company...
Speculation was that Cape and PCG had ceased takeover talks.
http://production.investis.com/cap/rns/story?id=1186498153nRNSG6884B
No announcement yet by PCG - so I put a bid in for 0.93.... suddenly the price goes into pre-open pending news announcement, and bids start piling up.....comes out of pre-open at 0.98 on the news that the discussions with Cape have ceased - but with the important added information that Cape offered 1.30.... and PCG knocked it back!!!!
I managed to jag a small holding (5k) for old times sake at 1.00 in all the confusion
That was wierd to say the least....
Cheers to all holders. should be an interesting few years:
TJ
Went through my usual checking of companies on my watch list and see that PCG is down 15% to 0.94 on huge volume and no news from the company...
Speculation was that Cape and PCG had ceased takeover talks.
http://production.investis.com/cap/rns/story?id=1186498153nRNSG6884B
No announcement yet by PCG - so I put a bid in for 0.93.... suddenly the price goes into pre-open pending news announcement, and bids start piling up.....comes out of pre-open at 0.98 on the news that the discussions with Cape have ceased - but with the important added information that Cape offered 1.30.... and PCG knocked it back!!!!
I managed to jag a small holding (5k) for old times sake at 1.00 in all the confusion
That was wierd to say the least....
Cheers to all holders. should be an interesting few years
:TJ
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Why would PCH knock back $1.30. I'll take it!!!
Obviously the market doesn't think it was a smart move - or should we be seeing this wander up towards $1.30 as the dust settles? I think it was opportunistic of Cape to have a crack at this low point for PCH, the Directors are sending us a clear message that profit and dividends will increase by knocking back the $1.30.
Obviously the market doesn't think it was a smart move - or should we be seeing this wander up towards $1.30 as the dust settles? I think it was opportunistic of Cape to have a crack at this low point for PCH, the Directors are sending us a clear message that profit and dividends will increase by knocking back the $1.30.
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I think it's a case of the hedge funds exiting because they now have no floor price of a Cape offer. But I think there was also confusion when the rumour first came out, as there was no guidance why the talks were over.... I would think you would see the price drift up to mid teens possibly, but at the end of the day Cape were prepared to pay $1.30 (take away 10% for premium control)
But given my luck with PCG before it will probably tank now - I just wanted to take a small stake to be part of it if it goes the other way
:TJ
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What's going on with this today - up 9c to $1.19. Another offer in the pipeline maybe? Or just people waking up to the fact that it is a good stock and the Directors are right in their decision not to sell out? Anyway, hopefully some good news soon to keep it moving up.
