re: Ann: PXU: Change in substantial holding f... Firsova,Act 3I...

re: Ann: PXU: Change in substantial holding f... Firsova,
Act 3
I do sincerely hope you are correct in your view that PPX will survive and prosper.
If in 5 years time, presuming interest rates are as they are now, PPX wishes to issue a dividend to the ords[I presume that is why one would hold them], then PXU holders would be looking at a catchup dividend of $6 to $7.
My valuation would be somewhere north of $60 per unit, if that was anywhere near sustainable[ie they were able to sustain divis to the ords].
Of course , it is possible , that PPX could go on for 30 years, and never pay a dividend, but then, why bother holding the ords.

Love to hear your prediction on when PPX might resume dividends, as it obviously does have some relevance to why one would bother holding either the ords or the hybrids.




cheers