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PPX also expects to reduce debt by another $90m is 2013 via...

  1. asf
    9,887 Posts.
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    28/10/12
    12:54
    Post #: 10921557
    PPX also expects to reduce debt by another $90m is 2013 via asset sales. This taken from the recent results presentation:

    http://hotcopper.com.au/announcements.asp?id=462891

    Paperlinx is a turnaround story, and they are never quick. The costs of restructuring often outweigh the benefits for the next reporting period. However, $4b revenue is nothing to sniff at. If they can get this right, maybe PPX is not on its last legs.
    SRS Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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