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PGH - Pact Group Holdings

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One I looked at and gave it a miss, I tried to find a way to like it because @ROE had invested in the business and I always liked his style and analysis, but the debt just was a hurdle I couldn't get over.

Mind you, it was only a bit north of $4 when I decided not to buy in.

Maybe I should run my ruler over it again.

EDIT - Nup, I was right the first time!
 
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Price has formed a base and is now starting to go higher.

The chart below is part of a research project and should not be considered a recommendation to buy this stock. If you want to read more about the project log in to read the P2 Weekly Portfolio thread.

Setup: Reversal, break-out of horizontal resistance Grade A
Buy limit: 3.70, iSL 3.3, initial target 5.00

 
Hello @peter2 and other followers
Do you know or guessed what happens to PGH today ? Yes, it has incurred heavy losses but that was announced late February. Ralph Zeminder also invested couple of millions recently.
But without any announcment the priced has dived down more than 10% and probably would be more by COB ??
 
Unstoppable slide-home into plastic crate ??
 
Thanks @Miner but I closed my trade in PGH after the first disappointing news in Feb19. I've learned to take the early loss (-0.6R) and to not let it get bigger.

It's been a volatile market with hits all over the place. The increase in volatility indicates that we're at a top just now and I'm anticipating a market dip soon.

 
Hi Pete
For the holders, your analysis however disappointing, could be right.
I just read on Herald Sun, that the major share holder has shelved some $65 M worth shares through UBS at $2.50. He must have his reasons for market to bring down the price further
Regards
 
Shares of Pact Group Holdings Ltd fall as much as 17.6% to A$2.290, biggest intraday pct drop in a year

Packaging product maker posts FY statutory net loss of A$289.6 mln ($196.78 mln) vs profit of A$74.5 mln a year earlier [nFWN25914G]

Company expects EBITDA (before significant items) in FY20 to modestly improve

Stock hits lowest since June 27

About 2.4 mln shares change hands vs 30-day average volume of over 980,000 shares

Stock biggest pct loser on S&P/ASX 200 index <.AXJO>
  • ** Shares have fallen 19.9% this year, as of last close vs 16.3% increase in Aussie benchmark index <.AXJO>
 
good to revisit this. Failed to BO and as @Movendi highlights above market does not like loss.

Support ?? well maybe $2.20 will hold

 
PGH closed at $2.92 on Friday, the day's high and the highest price since March 2019.

I don't hold this stock, just drawing it to the attention of those interested in it.
 
Smurf1976 said:
PGH closed at $2.92 on Friday, the day's high and the highest price since March 2019.

I don't hold this stock, just drawing it to the attention of those interested in it.
Click to expand...

Good reminder @Smurf1976 - PGH found some support in late September @ $2.19 and has a couple of higher Lows showing a nice trend up to today's price of $2.92.

Can it break $3 this time ?
 
Trav. said:
Can it break $3 this time ?
Click to expand...
Nope, failed to get past the $2.92 and all down hill from there.

Closed $2.61 (~10% down from high) on Friday and SP looking very sick. Only good for a short trade from here.
 

record lows, since listing.


...which is a reflection of pressures in the industry. Which is a sector where things have got to change.

Pact was a participant in a recent National Plastics Summit in Canberra, at which the company Is this a good thing, or just being ahead of the curve, because when the consensus is: "[a]rguably the biggest impediment to more plastic recycling is economic. Plastics are incredibly cheap and good at what they do"?

When the conventional viewpoint, and where the political pressure will mount, is that as a community
The recycling challenge in Australia has become all the more pressing since China’s decision in early 2018 to stop taking Australia’s recyclable waste. Councils have been scrambling since then to come up with alternatives, and much of the waste carefully separated out by households has wound up as landfill.

Pact chairman Raphael Geminder believes this saga will be the wake-up call Australia needs to begin taking recycling seriously.
 
shares in Melbourne packager Pact Group ended the day down 12.5% after the company surprised with news that a major asset sale has fallen over, thanks to the pandemic’s lingering effects.

Pact is controlled by Melbourne billionaire Raphael Geminder and the news that it had ceased the sales process of its Contract Manufacturing businesses came as a shock because investors had considered the deal as being ‘done.’

But not so. Pact said in the trading update said the division was suffering weaker demand and lower margins due to higher input costs while a number of its businesses were dealing with higher raw material and international freight costs.

So that seems to have made the business unsaleable for the moment.

The stock dropped more than 15% to a low of $2.90 after the announcement and struggled back to end at $3.10, off 10% for the day.


Pact says demand remained resilient in the Packaging & Sustainability and Materials Handling & Pooling segments for the first quarter, “with higher raw material and international freight costs well managed.”

Pact says the Contract Manufacturing segment demand was weaker than expected, impacted by COVID-19 lockdowns, and margins were lower due to higher input costs.

It will provide further trading update will be provided at the company’s AGM next month which has been put back two weeks to November 29.
 
Was debating to have ORA or PGH and did skimmed some info on PGH. DNH either of the two.
  1. PGH has a large shareholder who is represented by a non-executive Chairman who has also put his own money - significantly. That makes the flow of exchange almost illiquid.
  2. Vol of the transaction is rather low and I do not know how could the open trade was beneficial for ASX
  3. PE is very low.
  4. Insider purchase is very high compared to sell
  5. https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
  6. https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4 - look at his three last purchases - volume and purchase prcice.
 
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