Im new to investing. For some reason i bought PGW at 0.450.
Not much thank god just $2000 worth and am trying to decide whether i should just cut my loses and get out.
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Im new to investing. For some reason i bought PGW at 0.450.
Not much thank god just $2000 worth and am trying to decide whether i should just cut my loses and get out.
Thanks :). I really just got sucked into the "restructured company image" and made the mistake of looking at their history. I thought releasing dividends would raise the share price which it did initially, but i bought in after that had already been accounted in the share price i think.
I bought in at 35c. Was looking at increasing my holding too but currently nuts up in dil...
Fantastic result ... George did a good job before he left and John has steered the ship well
And all those divies ... wow wow
ANd Snoopy was right about all those writedowns ... but what the heck they are not cash. Shareholders just own a smaller company
Heck next year we should see $70m ebitda at least
And shareprice 40 cents by end of week methinks
EBITDA at high end of expectations so not a disappointing result ..... but at the end of the day no matter what Percy has said about John and George for all things they are involved in and their market position it really is a pathetic result.
Not much left at the end of the day after selling 1.1 billion of stuff
Another thing I always worry about companies that feel they need to report ebitda as Operating Profit .... isn't things like interest a reality of life?
only one nervous nellie sofar at 31 with good support at 32 - not a bad result considering what they have been through.