While a very large number of small-cap resource stocks have experienced multi-bagger returns over the last few months, there are still some very nice opportunities among small-cap industrials.

i.e. PGC- market cap: $4.5m

Successfully recapitalised and restrucured earlier this year.

PGC have accumulated over the last year a portfolio of PROFITABLE businesses in the fast growing aged care/ health sector.

- a specialist aged care Financial Planning Consultancy business
- a specialist aged care employement plcement business
- a specialist aged care OHS consultancy business
- Axis health- a leading Australian supplier of Durable Medical Equipment http://www.axishealth.com.au/about.php

Expected FY10 turnover of $10m+

Per the annual report last month "As a result of the successful transformation and repositioning, the Company is expected to deliver in 2010, an operating profit and positive cash flow for the first time in the Company’s history."

Industry experienced and reputable directors now own 40% of PGC.

Further aged care/ health sector acquistions being investigated.

PGC currently 0.021
PGCOA currently 0.007