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Ann: Becoming a substantial holder , page-16

  1. asf
    9,887 Posts.
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    28/10/12
    12:45
    Post #: 10921537
    Bill, if you look at PPX gross debt, it has been falling- the figure of $138m is where PPX is at now:

    Gross debt $m 138 228 330 297

    Debt has been the concern for PPX, in my view, but the company has been diligently paying it down. The company is still selling assets, and will be using the proceeds to further pay down debt. With $4b revenue and debt that has halved over a few reporting periods, why do you think PPX will not be able to trade its way through?
    SRS Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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