Hugely undervalued, page-31

The first half is always the slow half for PPX so it is unlikely they will make to many bullish statements at the AGM.

If they do comment I want t know if there is an expectation the 2014 first half EBIT is better than the 2013 first half EBIT and as a percentage what is the current paper versus NON paper revenue breakdown.

I recall Andrew Price saying he wanted to get to a third NON paper, so $ 1 billion of revenue in NON paper .

I also want to see if the $3 billion revenue is holding up , and how the restructure is continuing in Germany and Bennelong, is it stuffed or is it improving in the desired manner to be able to stop the bleed.

I want to know an idea on what new products they are focussing on and if it is significant

I saw some wonderful photos of PPX products which included shopping centre refurbishments , escalators , car wraps, aeroplane seating re covers just to name a few on the pro print website in UK

I also want to know if they are working with Mills in China to increase their margins and import china paper to Germany and Benelux to get better margins .

I also want to know if they seeing continued increased in margins in the packaging sign and display parts of the business.

Finally I wouldn't mind knowing if they are going to re open the 250 shares for 1 offer on the hybrids ( 7 cents = $17.50 ) , or even better in my view start buying back the hybrids on market at a ratio below the 250 for 1 .