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PCG, PCH GROUP LIMITED |
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![]() Posts: 87 ![]() |
Indeed great news. Wish New Zealand directors had the courage as these guys do! PCH Group has an excellent future. Very pleased the story has not been cut short ![]() |
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![]() Posts: 598 Thanks: 4 ![]() |
It was on the Cape website before open Cheers CO |
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Posts: 15 Thanks: 2 ![]() |
Just thought I'd add the important info that the takeover is off because PCG rejected Cape's cash offer of $1.30 per share!!! Share price is all over the place in the confusion - currently trading arond $1.06 TJ |
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Posts: 74 Thanks: 2 ![]() |
Great news, we get to keep hold of a solid, high growth stock for ourselves. Tthis may cause some short term price weakness, but I would prefer to be holding this one myself for the longer term. I would be surprised if many really expected an offer from Cape. Given that they couldnt give a reasonable offer when the SP was under 90c. With the SP recently hovering around the 1.10 mark and the increased value of the Aus dollar, a reasonable would have been much more expensive than earlier. Hence I think the SP had little takeover premium built in. Once the short term traders are out and holders are focusing on the long term value, I think we will see the price quickly rebound. |
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Posts: 26 ![]() |
Takeover is off
http://production.investis.com/cap/rns/sto...98153nRNSG6884B Strange that PCH have not annouced it yet. |
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![]() Posts: 598 Thanks: 4 ![]() |
Dear oversold, Found the link regards. I have my PCG up at 1.065. It falls in low volume trading so I hope to be able to trade it a little. Cheers CO |
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Posts: 80 Thanks: 1 ![]() |
Dear Crude A very good point and well made. Re the blog - I'd love to post a link but it's 'gainst the rules - try searching ausinvestor in Google Over -------------------- Check out my investment blog : Grow Your Egg (search on Google blogsearch)
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![]() Posts: 598 Thanks: 4 ![]() |
Dear oversold, Like poor financial advice you can not grow eggs. You can only grow whats inside them. Cheers CO ![]() I could not find your blog ![]() ![]() |
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![]() Posts: 598 Thanks: 4 ![]() |
Dear Cog, Someone has just stepped out of the meeting and started buying with an order for 50k at $1.10 Cheers CO |
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![]() Posts: 598 Thanks: 4 ![]() |
Dear Cog, Sold out at 89c a while ago and bought back in when the price dropped back below 85c I saw good value back at these prices and thought Cape would come back. I think maybe Cape may had sold PCG down on the low volume so they can make out there bid is more generous. I agree $1.20 would be a successful bid. However I think $1.07-$1.10 would probably be there first bid. I n the end I am happy trading this company as it looks cheap compared to some of the prices P/E in this sector. Good luck I have just been doing the Rinker thing of late and have just also started buying SIP CO |
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