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PGH - Pact Group Holdings

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System

System

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Pact Group is a manufacturer of a wide range of packaging products with operations in Australia, New Zealand and Asia.

Founded by in 2002, Pact has been transformed from a business with 15 manufacturing plants and $223 million of sales revenue in FY2003 to, on listing, a leader in the packaging industry with 62 manufacturing plants, over 4,200 customers, 22,000 SKUs and approximately 8 billion units produced annually generating pro forma forecast sales revenue of $1,197 million in FY2014.

http://pactgroup.com.au
 
System said:
Pact Group is a manufacturer of a wide range of packaging products with operations in Australia, New Zealand and Asia.

Founded by in 2002, Pact has been transformed from a business with 15 manufacturing plants and $223 million of sales revenue in FY2003 to, on listing, a leader in the packaging industry with 62 manufacturing plants, over 4,200 customers, 22,000 SKUs and approximately 8 billion units produced annually generating pro forma forecast sales revenue of $1,197 million in FY2014.

http://pactgroup.com.au
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Looks like the packaging sector is havinga busy time with the PGH IPO and the AMC/ORA demerger. They are certainly going onto my watchlist :)
 
This one you get to buy cheaper than institution on market
This is another keeper I am in today on the drop woohoo -:)
 
ROE said:
This one you get to buy cheaper than institution on market
This is another keeper I am in today on the drop woohoo -:)
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Hmm...I'm intrigued ROE. What's the attraction here? Because on the face of it, the accounts don't look very healthy.
 
I like this sort of business, a bit more debt but it shouldn't be a problem like Collins Foods
Reliable revenue stream, reliable earner, nothing Stella, will grow with economy and population
yield better than I get in the bank account.

and another Aussie Billionaire family business, to date I have not failed invest in the same business
as the Rich Aussie family ....they always deliver the result :)

Down the track
this type of business scale will deliver better margin and cash flow
and that will go down well paying off debt ...
 
Result wasn't too crash hot, but that is ok Market may hate it a bit more and I may get a bit more as it beaten down...the curse of IPO :)

I still like the long term out look.
 
Quiet achiever, as predicted good cash flow, decent earning, decent dividend
debt reduction is on the way, down 6.1%.
back to sleep for another year :)
 
ROE said:
Quiet achiever, as predicted good cash flow, decent earning, decent dividend
debt reduction is on the way, down 6.1%.
back to sleep for another year :)
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Mmmm...debt is still nearly 200% of equity, and interest coverage only 4.5, scary!
 
galumay said:
Mmmm...debt is still nearly 200% of equity, and interest coverage only 4.5, scary!
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understand the nature of this business and it not that scary at 4.5 times it beat most mining company earning at 3x times that coverage

that why I got them cheap, most people too scare :)
 
what have we here
profit before significant item up 42% after significant item up 17% and increase dividend .
Never under estimate these business, the reliable cash cow ALWAYS deliver :)
 
Hi ROE, are u not concerned about the drop of EPS? What do you think is the appropriate PE for this stock?
 
havent around here that often and when I do not that long, I am still holding this stocks and will be for a long time, steady as she goes as expected, good report as I said before this business should easily match inflation grow and then some more.

In term of PE ratio and what price people pay I don't know each has their own criteria.
I bought them cheap and up a fair bit but I ain't selling any time soon.

another business I can rely on for un-interrupted dividend payment
 
One I missed out on ROE, I have never been able to get past the debt and interest coverage.
 
Anyone knows what the hell happened this morning? PGH is now 10% down. There is no substantial bad news recently. The latest news I found on ASX was this presentation which looks harmless.
http://www.asx.com.au/asxpdf/20170502/pdf/43hz5l104x5m0d.pdf

My heart is bleeding very painfully now. At least the brain wants to know why.

Usually, when a good stock dropped for no good reason, it is good time to buy. Did I miss out anything?
 
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A tempting chart for a break-out trader. There's a clear line of resistance at 5.80.
The initial target is 7.00 which makes the reward 1.20. There's numerous levels to place an iSL. IMO the conservative one is 5.30. A RR > 2:1 is acceptable.

However, the real interesting observation for me is the divergent volume indicators on the daily chart. I don't see this very often. The OBV is rising (accumulation, bullish) while the TMF is falling (distribution, bearish).

I'll be watching to see what happens next.
pgh1105.PNG
 
peter2 said:
A tempting chart for a break-out trader. There's a clear line of resistance at 5.80.
The initial target is 7.00 which makes the reward 1.20. There's numerous levels to place an iSL. IMO the conservative one is 5.30. A RR > 2:1 is acceptable.

However, the real interesting observation for me is the divergent volume indicators on the daily chart. I don't see this very often. The OBV is rising (accumulation, bullish) while the TMF is falling (distribution, bearish).

I'll be watching to see what happens next.
View attachment 87341
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Hi Peter,
Is the initial target of $7.00 a bit optimistic given the unfilled gap ranging from $7.23 - $6.69 in May 2017?
Rob
 
Pact Group Holdings smashed today after announcing disappointing FY18 financial results.

screenshot-www.aspecthuntley.com.au-2018.08.15-12-26-03.png


The PGH share price is currently at 36 month lows, down 15.82% from yesterday's close to $4.495.

big.chart-PGH.gif
 
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