On Friday,read my post 4040241 which I quoted below
"Mskipper, a stengthening ozzie $ is on the side of PBG, so if the price of PBG jumps on Monday, I am not surprise."
Well PBG was not traded on Monday or Tuesday but was traded today with a price jump of 17.62% currently to 82c. It was done earlier at 84.5 and things are looking good for PBG.
Institute likes the story and subscribed for $154 million and the rest of retail offer to be fully underwritten.
Sentiment has changed for PBG and is currently being rerated and more intitutions coming on board.Those that stick to their old ways and not open minded to change will be fallen behind.I don't know how good this one will be in the future, but the SP of PBG is telling us something now.By the time the next report comes out, this one would have probably gone further ahead. Caveat emptor, as I hold the shares and tend to be biased and so have a positive spin to it. I also intend to take up my rights to the shares. Best consult your own adviser before you make a decision.
PBG Price at posting:
81.5¢ Sentiment: ST Buy Disclosure: Held
