While we now blame market conditions, look at what a peer has done:
KAR started with $4m, 10 years ago and is now worth $800 million – a compound annual growth rate of 70%.
In contrast here is our performance: 1yr (-25.8%), 3yr (-24.8%), 5yr (-27.8%), 10yr (-20.5%) PGS market cap now approx: $10m
I don't hold any KAR, but the comparison is enlightening especially as Soul Pattinson (Rob Millner) put $10m into PGS....
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PGS Price at posting:
2.0¢ Sentiment: None Disclosure: Unspecified