Code PCG share price $2.66 X 39827904 shares as disclosed total $105, 9 million
No I don't think you are wrong - I think they are adding a significant third arm to the business that of investment management at a passive level for other investors but active management for them. So I see the BKI , PCG , URB as a whole new business opportunity with the new CEO who came from Pitt Capital partners. I think its a subtle but very important divergence from the past.
So I think the HHL move was an opportunity for him to put in some of the jigsaw pieces as to where he would like change even if it is subtle. They just flowed on from there and I think the URB story is a good one to add to the mix as well.
I think you will find that NHC now sticks to the knitting - the Oil and Gas has cost money the coal to gas / oil is no longer mentioned...
Then I think we have TPG and its plan and BKW and its plan.
My view is that the PCG stake helps then take investment decisions and provides a whole funds management portal.
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