I found the hedge funds investment in the pxupa very interesting .
Their strategy is to invest in undervalued instruments to create long term returns , something that should occur if Mr Price takes control of PPX and achieves what he believes he can , and that is a profit in the PPX buisness and a recommencement of distributions to pxupa when it is able to do so under its banking covenants .
Good to see heavy buying in PPX over 10c suggesitng the PE offer has no hope under Price , just be good to know who is buying , and I hipe it is not Hrry Boon supporters like Toll , who could have interest in PPX , or other friends of his.
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