Selling Primero Group Ltd (ASX:PGX)
I sold my shares in Primero Group Ltd (ASX:PGX) having only just purchased them. There are two main reasons for the disposal.
- The value of the company's order book was not disclosed in the market update of 23 July which referenced project delays. This is in contrast to the release from the same time last year when work in hand was stated at over $120 million.
- I already have plenty of exposure to resources through holdings in LYL, EZL, LBL and to a lesser extent ACF and ASH.