Ann: Becoming a substantial holder , page-18

Reducing the exposure to the Hybrids on the balance sheet no matter how slowly is a positive in my opinion .

The $2 m they used to purchase Canterbury packaging could have purchased 200,000 units in PXUPA and reduced the debt on the balance sheet by approx $20m


I agree with GrahamCC , I wont be a seller of my hybrids to a buy back , not at these levels anyway , I might accept the hybrid NTA as a minimum price , and must say I didn't pay $100 for my hybrids , more like $10 so cant really complain they are not paying dividends , they weren't paying dividends when I bought them .

For those that do sell PXUPA because they need income , good luck to them , they wont get income from the hybrids for at least 2 years in my view so having PPX in the market in my view is good for everyone bar Harry Boon and the old board who should have been all over this over 2 years ago .