Kodak Australasia a fully owned subsidiary of the USA giant...

Kodak Australasia a fully owned subsidiary of the USA giant Kodak own 51% of HPX and dominate its board of directors.
A pickup in business activity which is occurring now will benefit HPX as they are dominate in essential mail and imaging services for bluechips and the trend is to further outsourcing of this non core business activity. They are also into direct mailing and other BPO activities.
The sector has been under consolidation for several years and HPX have been heavily involved so when the tide turns their profitability will jump sharply.
A few major shareholders have been selling down for some considerable time and another institution has been buying up everthing at the $1.30 level which is forming up as a major support level.
Kodak may sell at the right price to the likes of Salmat...north of $1.60 or they may inject further capital to assist with further consolidation of the industry...time will tell, either way the odds favour a substantial bounce from the current level some time in the next few months or sooner.