PPP is 100% leveraged to Tui and NZOG is only 50% leveraged. So you just can't compare nominal share prices. NZO also had Kupe to fund and Pike River to fund at the same time.
Also PPP was coming off a lower base than NZO as well.
NZO at $1.10 was at an all time high, yet pressed on to $1.70.
PPP at 20 cents was well below the 36 cents it hit last year and even now at 30, with all the massively good Tui and oil news, is still nowhere near 36.
NZOG has left it for dust, hands down...........
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tui news.........and its all good, page-17
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