price slide, page-151

Blues

With regard to trade suppliers I believe the opposite to what you you suggest would be the case at least in theory. If PPx paid out PXU divs in current circumstances it would increase the risk of insolvency thus requiring the trade suppliers to demand better terms.

In practical terms I agree with Firsova. The only downside would be it would probably prevent PPX from floating a new lot of hybrids.

The real downside to this is it will make it more difficult for all but true bluechip companies from selling hybrids.

The only ones I would consider buying are heavily discounted ones like PXU.