re: Ann: PXU: Change in substantial holding f... Firsova,Will be...

re: Ann: PXU: Change in substantial holding f... Firsova,
Will be interesting to see, 7 years would make the catch up divi worth 8.5% compound to PXU holders, plus the initial resumed divi, plus whatever capital gains that would occur.

My gut feeling is that the custodians for the ords will have another go sometime.

Either with a higher offer[with a higher conversion number, or from, hopefully, a higher share price], or as a scheme of arrangement as part of a takeover, bank forced or otherwise.

Contrary to a lot of posters,I think this exercise has been quite useful for ppx.
They have retired debt with essentially worthless scrip.


Remaining PXU holders also win, as any pie they may get to share in, gets split fewer ways.
And the fewer PXUs about[provided there are still enough to stop PPX doing anything too nasty], the sooner it would be worthwhile for company to resume dividends in the unlikely event they survive and become profitable.

cheers