As TUI operator, they know what assets PPP has. Maybe they had to wait for the NZO announcement or risk insider trading. AWE is cashed up big time and a scrip bid is going to bulk them up to something massive if successful.
PPP assets at the moment probably $160 million cash plus 10% of TUI $10-$200m. $260m to $360m of assets on 600 million shares = 40c to 60c but 32- 40c wouldn't be a bad exit in this market.
PPP Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held