Blues
>The key issue is simply PPX's (lack of) performance
Cannot argue with that
>Don't think anything we say here will impact on PPX's customers or the business profitability.
Maybe not but the negative tone of some of the comments simply bagging out PPXs potential provide no insights and could be seen as an attempt to talk down the PPX SP.
>Would be good if we could provide positive ideas
Agreed
>PPX v's PXU issue unfortutely is here to stay until it gets resolved. Reason is each have different objectives eg PPX company growth, and PXU's dividend and capital.
Utimately the interests of both PPX and PXU holders is preservation (and growth) of capital and dividends. The nature of the hybrid conditions and PPXs current position make it unlikely that the PPX v's PXU issue as you call it will be resolved anytime soon unless PPXs losses increase and insolvency occurs. In such a case I would expect both PPX and PXU holders will be the losers.
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