Billionaire forced to raise bid for Pact
Even hard-nosed billionaires can yield to minority shareholders in takeover situations, as seen last Monday.
Read MoreTag: PGH
Pact Group shareholders face dilemma
Minority shareholders in Melbourne-based packaging company Pact Group (ASX:PGH) find themselves at a crossroads in the face of a 68 cents per share cash buyout offer from the company's chairman and largest shareholder, Ralph Geminder. Just thirteen months ago, the share price stood at approximately $1.44, but with the recent buyout proposal, it has plummeted to 68 cents.
Read MoreMelbourne billionaire Ralph Geminder takes Pact packaging group private
Melbourne billionaire Ralph Geminder is taking his Pact (ASX:PGH) packaging group private after conceding that there was very little investor support for the stock.
Read MorePact packing group faces losses
Melbourne-based packing group Pact (ASX:PGH) faced significant challenges in the 12 months leading up to June 30, resulting in financial losses and the omission of a final dividend.
Read MoreTrading Tidbits: PGH, IVC
A mixed bag in Monday’s ASX session, with Pact Group taking a big hit on a profit warning and TPG coming back for another bite of the InvoCare cherry.
Read MoreBridge Street Bites: PGH, VCX, DOW
Another full news day on the ASX with the reporting season picking up steam. Here’s the latest from some local industrial companies: Pact Group, Vicinity Centres and Downer EDI.
Read MorePact Broken as Higher Costs Hit Earnings
For the second time in six weeks, shares in Melbourne packager Pact Group (ASX: PGH) have been hit hard by weak trading news, falling more than 12% in Monday’s trading session.
Read MoreTrading Tidbits: BUB, PGH, GCY
Good news and bad from the pandemic for two mid-caps yesterday and the shares of the two went in very different directions while an attempted takeover in gold is getting scrappy.
Read MoreWho (Eventually) Benefits From The New Oil Shock
In more normal times – and nothing is normal at the moment – low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read MorePGH – Credit Suisse rates the stock as Outperform
Credit Suisse observes contract manufacturing was very weak in the first half while the volume erosion in packaging continues.
Read MorePact Group Confirms Divestment As Debt Pressures Mount
Struggling Melbourne packaging group, Pact is putting its contract manufacturing division up for sale to relieve the pressure on the company’s finances by raising enough cash to pay down debt.
Read MoreIs This A Turnaround For Pact Group?
Shares in Pact Group Holdings (ASX:PGH) have displayed the type of price action that suggests a turnaround is underway. Looking at the fundamentals though, there are some key aspects of the business that need to be addressed this reporting season.
Read MorePact Group Rebuilds Leadership Team
Pact Group, whose shares have plunged 49% in the past year and a third since early February, has found a new CEO, hopefully, to lead the Melbourne based company out of the wilderness.
Read MorePact Hits All-Time Low As Investors Lose Faith
This is getting to be a regular event for shareholders in Melbourne based packager, Pact Group – bad news sees a fall in the share price… its been happening now, off and on for the past couple of years.
Read MorePact Plunges Again On New Writedown
Challenger did it, Super Retail Group did and so has Melbourne based packing operator, Pact Group has done – separating bad news about trading issues from actual results.
Read MoreMore Pain As Pact Group Slammed On New Downgrade
Another earnings downgrade from Melbourne-based packager, Pact Group yesterday, sending the shares on another sharp slide, this time more than 14% at one stage.
Read MorePain For Pact Shares As CEO Malcolm Bundey Resigns
Pact Group CEO, Malcolm Bundey is leaving the company immediately, an obvious casualty of the company’s poor 2017-18 report and market thumbs down.
Read MorePact Delivers Solid Result
Meanwhile, a solid 2014-15 result emerged from another Melbourne-based packaging group yesterday.
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