I agree with you ferryman regarding the TH and announcement
In my opinion
The share price was driven down by the instos rebalancing and reducing their holdings to comply with their own fund rules when PPX was thrown out of the S&P 200
Topped with end of financial year selling a recipe for decline
The reality is that this is a company doing 5billion in sales, caped at under 100m and no real debt issues currently.
I know that the general market does not care how large the sales are, the bottom line is what counts, but if margins improve only 1% that?s 50m upside.
Looking at today?s volumes and trading open, the market really does not know what to make of this latest announcement
Add to My Watchlist
What is My Watchlist?