PGH 0.00% 81.0¢ pact group holdings ltd

Ann: FY2019 Trading Update, page-15

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  1. 23 Posts.
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    Dow Jones Pact Group Price Target Cut 23% to A$3.24/Share by Morgans (headline only)
    Dow Jones Pact Group Price Target Cut 3.8% to A$3.85/Share by Credit Suisse (headline only)
    Dow Jones Pact Group Price Target Cut 20% to A$3.72/Share by Macquarie (headline only)

    Guys, those are the latest news on ANZ platform, don't be surprise with the price dipping, which I bet ya that those who are guessing of the dip are wondering if the sell-off has started. This is the second day of the announcement, we thanks that people are gradually understanding what has been been happening. Yes, the Group has accepted of short term troubling but the ones that exaggerating are Australian Financial Review, Motley Fool, Goldman Sachs (currently in trouble, so they stopped worrying about other companies), Morgan Standley, Credit Suisse, Macquarie Bank,

    Of course, it is very individual right to make his/her decision, but I come to aware that when you actually put down the pen in writing, you tended to show off your language and often describing more words to fascinating the reader. However, not many readers are having a financial background nor reading with an abstract minds, will read it as it is, 

    I worked for the company as a casual pick packer. But I believe, the company does have contracts, the one year contract minimum are what I heard, the hydrogen gas mixed with the resin (wood material) to form plastic, and they are not affected by the plastic material bag ban (none has been produced). Therefore, I do believe the company do have the money inflow, and the dividend was paid out, CEO has been stepped down and the 39% shareholder chairman has stepped in to secured what are left. On the opposite, I heard that any major shareholders, if selling a large proportion of the shares, are to be reported to the ASX for an announcement. So far, all I have seen is one down grader, Goldman Sach is in a lot of trouble with Malaysian Court, yet, none of the Directors or even Malcom Bundley (stepped down CEO) has released the shares nor any major shareholder. The price was dropped but I have seen many other companies shares dropped too due to global financial situation. I do respect your right of trading yet, yesterday the 14th of November, the price was dropped down to the lowest of $3.05 yet recovered up to $3.25. Today, as of typing ghe price is at $3.12, I just think that in term of few cents surplus, this could save you up to few hundred bucks (in the short term) if people see and accept and move forward with the companies.

    Cheers
    Have a good day
 
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Last
81.0¢
Change
0.000(0.00%)
Mkt cap ! $292.6M
Open High Low Value Volume
81.0¢ 82.0¢ 81.0¢ $2.342K 2.891K

Buyers (Bids)

No. Vol. Price($)
1 18026 81.0¢
 

Sellers (Offers)

Price($) Vol. No.
82.0¢ 9038 2
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Last trade - 10.17am 29/11/2024 (20 minute delay) ?
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