Noticed PPX has been kicked off the ASX 300 and their net tangible assets per share down from 34c in 12/10 to 27c in 06/11. So theoretically we are still looking good for PXUPA @ $1 for up to 2 years.
I guess a lot will bepend on whether they keep paying divis or if a buyback comes along. The latter makes heaps of sense to me with PXUPA @ $30.
As an aside: Not sure why anyone would want to take this lot over anless they had extra products to put through the sales chain?
PXU Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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