PPG

0.00%

1.7¢ pro-pac packaging limited

Ann: Half Yearly Report and Accounts, page-13

First 13 Last

Share
Profile

Follow
Zahava

40 Posts.

6

13/04/22

12:45

Post #: 60829474
Share

Originally posted by bottomfeeder1: ↑

akgo01,

This now has the business a lot more focussed. They still have the industrials business to fix.

I don't agree with Tim's message that they now have funds to strategically grow the business. No one in their right minds would look to acquire anything when your back yard is a mess. I suspect that the banks know this and will make sure PPG hit it's covenants.

I refrain from projecting anything until I see if they have made any significant inroads in the flexibles business. If profits have turned a corner (and not a little I mean materially) then I suspect the SP will charge upwards.

If however the Flexibles have not made material improvement in profitability then I fear that the Banking covenants may come into play and possibly a further slide of the SP.

The sale of the Rigid business may create a lot of noise in this next reporting period but I will focus on the core flexibles business results.

Hope that helps in some way.

Expand

For what it is worth - was this a sale to ensure covenants were met? As this division appeared to be the golden goose and have they thrown the baby out with the bath water?

PPG Price at posting: $1.22 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

What each US election outcome would mean for Australian companies & investors

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

There are more pages in this discussion • 1 more message in this thread...

First 13 Last

Add PPG (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $3.088M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.7¢	$19.77K	1.084M

Buyers (Bids)

No.	Vol.	Price($)
1	22252	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	22252	0.018
1	205000	0.017
3	443000	0.016
4	553060	0.015
5	468733	0.014

Price($)	Vol.	No.
0.020	100000	1
0.021	300000	1
0.022	341000	1
0.025	6118	1
0.029	30000	1

Last trade - 15.52pm 01/11/2024 (20 minute delay)

PPG (ASX) Chart

Ann: Half Yearly Report and Accounts, page-13

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

What each US election outcome would mean for Australian companies & investors

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Half Yearly Report and Accounts, page-13

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

What each US election outcome would mean for Australian companies & investors

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News