Ann: Becoming a substantial holder , page-15

I wish you right, but On Friday night Sequana's 3 monthly financials came out.
Sales down 4%
Margins up
Overall a loss of €51million

Same period last year made €6 million profit.
Also they gave a negative outlook.
Shares dropped between 15 - 20%
Even packaging was low in growth

That is the proof the directors needed they can not rely on trading out of their/our problems. Selling Paperlinx assets will be high on the agenda.
Andrew Price probably did think they could trade out of their problems, but he would be skeptical now. I don't know what to do with my Paperlinx shares.

Also possible financial cliff is close, so unfortunately back to desperate times. What is happening at Sequana will be the norm in the industry. So what's the answer to getting out of this mess?

Can not rely on packaging as the growth is just far too small.
Some paper merchants will have to go and/or merge with the lowest paper producers on the planet. Who is that? Brazil? China?