Anyone else still holding PRG? A solid result announced today.
And yet... over the last year, the price has hardly gone anywhere.
I confess I am mystified.
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Anyone else still holding PRG? A solid result announced today.
And yet... over the last year, the price has hardly gone anywhere.
I confess I am mystified.
Annual report in this afternoon.
No surprises there. It looks as though a few people bought in this week in anticipation - I'd be thinking "meh" if I were one of them.
Straight away I note:
- substantial increase in personnel costs
- operating cashflow down
- financing cashflow up, because of lower debt repayments.
- ROE is steady on 15%
- favourable exchange movements are partly responsible for current AUD result.
I'm not selling. But if I didn't own them, at first blush I would not be buying up large either.
I shall do some better numbers over the weekend and see whether I have reason to change my mind.
Stephen, it would take you ages to 'buy up large' in PRG. I have taken the recent rally to sell out. It's gone sideways over the past year and is too illiquid for my liking. I never added to the parcel I bought over a year ago.
Like you Stephen I was thinking 'meh' at PRG's recent profit announcement. On the basis of that uninspiring result and forecasts I think this stock will continue to go sideways.
SEC
I'm happy to report I didn't sell them, caution and sloth being a major part of my investing strategy at the moment. $3.90 would be nice. I bought at $3.17 and have received two dividends since, so I have nothing to complain about at this point.
Time to put back on the watch list after todays market update
NPAT in 2011 more than this year .... and shareprice collapses 20% plus
Love these beaten down stocks ... PRG has a profitable business model and at 200 is now at 8 times projected earnings so could be a candidate for a decent recovery in the the next few months
Now it looks like the financial model is sort of broken and on top of that not as many commiting to long term contracts
And PRG sinks to new lows and chart continues to look really sad .... but one day there will be a recovery .... just keep watching the chart until starts turning up
Maybe a slow recovery here at $2.17 for you, Winner, although essentially trendless here. Debt at manageable levels and a good revenue book if they can just squeeze a few more points of margin.
Not a company that appeals to me, but could be an okay time to buy for recovery?
Full year result looks good to me. Starting to warm up to it a bit. At $2.30, I would say looks good buying.
Tried to get a few on open Lizard but missed out. Not prepared to chase in this market. Seemed a reasonable result with a good outlook for FY13. ROE still lagging though
PRG has been flagging again of late, especially after going ex-div (8cps) and this morning was down at $2.05. However, market seems happy with the AGM (still forecasting moderate growth, despite weak conditions in some areas of business). Currently up at $2.20.