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PCG, PCH GROUP LIMITED
cognitive
post Posted: Aug 8 2007, 07:28 PM
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In reply to: crudeoil on Wednesday 08/08/07 03:55pm

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 biggrin.gif

 
crudeoil
post Posted: Aug 8 2007, 03:55 PM
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In reply to: chris12nz on Wednesday 08/08/07 10:29am

It was on the Cape website before open

Cheers

CO

 
TjamesX
post Posted: Aug 8 2007, 12:20 PM
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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

 
ZMan
post Posted: Aug 8 2007, 11:00 AM
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In reply to: chris12nz on Wednesday 08/08/07 11:29am

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.

 
chris12nz
post Posted: Aug 8 2007, 10:29 AM
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Takeover is off

http://production.investis.com/cap/rns/sto...98153nRNSG6884B

Strange that PCH have not annouced it yet.

 
crudeoil
post Posted: Jul 6 2007, 04:42 PM
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In reply to: oversold on Tuesday 26/06/07 10:25pm

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

 


oversold
post Posted: Jun 26 2007, 10:25 PM
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In reply to: crudeoil on Tuesday 26/06/07 02:19pm

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)
 
crudeoil
post Posted: Jun 26 2007, 02:19 PM
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In reply to: oversold on Saturday 23/06/07 11:26am

Dear oversold,

Like poor financial advice you can not grow eggs.
You can only grow whats inside them.

Cheers

CO graduated.gif

I could not find your blog wacko.gif wacko.gif



 
crudeoil
post Posted: Jun 25 2007, 01:15 PM
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In reply to: crudeoil on Monday 25/06/07 12:28pm

Dear Cog,

Someone has just stepped out of the meeting and started
buying with an order for 50k at $1.10

Cheers

CO

 
crudeoil
post Posted: Jun 25 2007, 12:28 PM
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In reply to: cognitive on Saturday 23/06/07 09:49am

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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