As long as they get through the next few months it should be OK. They have a lot of cash coming in from the sale which should stabilise the business and if they can’t turn a profit in the half year then they really need to turn over their management! Can’t see why they shouldn’t - it’s just a collection of quite good services businesses.
i was pleased to see them take a knife to their costs - their rather bloated “corporate” costs always seemed too high.
Getting a stake in TNT seems nice. It’s another business that seems to be shedding founders and trying to reengineer themselves. I was happy to see them giving Kurt Hansen a good incentive package, as he should continue to drive the security side.
Last night I saw one of the many friends who I enticed into PSZ and 8 asked him if he had gone into the cap raise. No - it sounded dodgy I would feel bad about the PSZ fiasco except he has made a lot of money out of my other suggestions (MND, FXL and IDX among others).
PSZ Price at posting:
3.5¢ Sentiment: None Disclosure: Held
I would feel bad about the PSZ fiasco except he has made a lot of money out of my other suggestions (MND, FXL and IDX among others).
