PRG 5.51% $1.20 prl global ltd

It was a quick outcome for me and that counts for a lot as I...

  1. 2,251 Posts.
    lightbulb Created with Sketch. 54
    It was a quick outcome for me and that counts for a lot as I could recycle 20,000 shares at an average cost of $1.1 into STO at $3 after only 12 months. I think that stock will be worth $7-8 in a few years though I have been saying that for a long while.
    I think PRG was a bargain and have said elsewhere worth more like $4, however with the RIO contract loss there were some concerns. So for many holding for an improved offer is not silly as it's likely to come IMO.
    I respect madamswer's financial knowledge but he has failed my value investing 101 course
    I have taken a few lessons, been investing around ten years. It's extremely unlikely that I would actually lose money on a position at this point.
    Having said that anything's possible and I must keep doing my homework to make sure that remains the case.
    Last edited by croasian: 20/07/17
 
watchlist Created with Sketch. Add PRG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.