Afex, last year, on the 11/6/2010, PPX put out their decision to pay PPXUPA's distribution. The market may think it's close to that time for the company to make the decision again this year. It might be worth chucking PXUPA on a watch list to see what the market zeitgeist is. I have it on a watchlist, and when the great PPX collaspe occurred, PXUPA fell to $35, then rose to about $42, and is now sitting on $39.
If the PXUPA distribution is paid, I reckon PPX might have a bit of a spike in anticipation of a dividend this year (anticipation, but no guarantee of PPX getting it even if PXUPA gets it). No PXUPA distribution, and I reckon PPX will have a new challenge.
Of course I have no idea what will happen. :) I wish you all the best of luck, though. I am still thinking about PXUPA... bit scared, though!
SRS Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held