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PGH - Pact Group Holdings

Discussion in 'Stocks I-P' started by System, Dec 16, 2013.

  1. galumay

    galumay learner

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    One I looked at and gave it a miss, I tried to find a way to like it because @ROE had invested in the business and I always liked his style and analysis, but the debt just was a hurdle I couldn't get over.

    Mind you, it was only a bit north of $4 when I decided not to buy in.

    Maybe I should run my ruler over it again.

    EDIT - Nup, I was right the first time!
     
    Last edited: Aug 15, 2018
  2. peter2

    peter2

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    Price has formed a base and is now starting to go higher.

    The chart below is part of a research project and should not be considered a recommendation to buy this stock. If you want to read more about the project log in to read the P2 Weekly Portfolio thread.

    Setup: Reversal, break-out of horizontal resistance Grade A
    Buy limit: 3.70, iSL 3.3, initial target 5.00

    pgh250119.PNG
     
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  3. Miner

    Miner

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    Hello @peter2 and other followers
    Do you know or guessed what happens to PGH today ? Yes, it has incurred heavy losses but that was announced late February. Ralph Zeminder also invested couple of millions recently.
    But without any announcment the priced has dived down more than 10% and probably would be more by COB ??
    upload_2019-3-21_10-29-44.png
     
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  4. Miner

    Miner

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    Unstoppable slide-home into plastic crate ??
    upload_2019-3-21_10-57-50.png
     
  5. peter2

    peter2

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    Thanks @Miner but I closed my trade in PGH after the first disappointing news in Feb19. I've learned to take the early loss (-0.6R) and to not let it get bigger.

    It's been a volatile market with hits all over the place. The increase in volatility indicates that we're at a top just now and I'm anticipating a market dip soon.

    pgh2103.PNG
     
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  6. Miner

    Miner

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    Hi Pete
    For the holders, your analysis however disappointing, could be right.
    I just read on Herald Sun, that the major share holder has shelved some $65 M worth shares through UBS at $2.50. He must have his reasons for market to bring down the price further
    Regards
     
  7. Trav.

    Trav.

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    PGH staging a nice recovery, looking for a close above $2.90 for BO then resistance @ $2.97 ( call it $3 )

    upload_2019-7-28_17-56-14.png
     
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  8. Movendi

    Movendi

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    Shares of Pact Group Holdings Ltd fall as much as 17.6% to A$2.290, biggest intraday pct drop in a year

    Packaging product maker posts FY statutory net loss of A$289.6 mln ($196.78 mln) vs profit of A$74.5 mln a year earlier [nFWN25914G]

    Company expects EBITDA (before significant items) in FY20 to modestly improve

    Stock hits lowest since June 27

    About 2.4 mln shares change hands vs 30-day average volume of over 980,000 shares

    Stock biggest pct loser on S&P/ASX 200 index <.AXJO>
    • ** Shares have fallen 19.9% this year, as of last close vs 16.3% increase in Aussie benchmark index <.AXJO>
     
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  9. Trav.

    Trav.

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    good to revisit this. Failed to BO and as @Movendi highlights above market does not like loss.

    Support ?? well maybe $2.20 will hold

    upload_2019-8-14_11-31-24.png
     
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  10. galumay

    galumay learner

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    ...aaand still right!
     
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  11. Smurf1976

    Smurf1976

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    PGH closed at $2.92 on Friday, the day's high and the highest price since March 2019.

    I don't hold this stock, just drawing it to the attention of those interested in it. :2twocents
     
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  12. Trav.

    Trav.

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    Good reminder @Smurf1976 - PGH found some support in late September @ $2.19 and has a couple of higher Lows showing a nice trend up to today's price of $2.92.

    Can it break $3 this time ?
     
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  13. Trav.

    Trav.

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    Nope, failed to get past the $2.92 and all down hill from there.

    Closed $2.61 (~10% down from high) on Friday and SP looking very sick. Only good for a short trade from here.
     
  14. galumay

    galumay learner

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    ditto
     
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  15. Trav.

    Trav.

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    No doubt about it mate you were right :p
     
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  16. Dona Ferentes

    Dona Ferentes

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    record lows, since listing.
    upload_2020-3-7_17-55-20.png

    ...which is a reflection of pressures in the industry. Which is a sector where things have got to change.

    Pact was a participant in a recent National Plastics Summit in Canberra, at which the company

    Is this a good thing, or just being ahead of the curve, because when the consensus is: "[a]rguably the biggest impediment to more plastic recycling is economic. Plastics are incredibly cheap and good at what they do"?

    When the conventional viewpoint, and where the political pressure will mount, is that as a community
    The recycling challenge in Australia has become all the more pressing since China’s decision in early 2018 to stop taking Australia’s recyclable waste. Councils have been scrambling since then to come up with alternatives, and much of the waste carefully separated out by households has wound up as landfill.

    Pact chairman Raphael Geminder believes this saga will be the wake-up call Australia needs to begin taking recycling seriously.
     
  17. galumay

    galumay learner

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    ditto!
     
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