Many investors and fund mangers avoid stocks where there is litigation. This is on the basis that the uncertainty could be costly (loss) or a 'wind fall' a significant gain. When a share like PPK is beaten down, the probabilities start to suggest there is upside, if the company is a winner in the litigation. Some think the worst but maybe the outcome is not quite as bad.
As posts on these threads show many / most holders do not understand the rules of the litigation game. Even less are able to form a view as to the probabilities of the outcomes and the effect of the company.
So 'Friendly' may not be a shorter (as he says). In this case maybe he is looking for upside. But this is my conjecture.
Ann: Decision of the High Court, page-40
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Last
37.5¢ |
Change
-0.035(8.54%) |
Mkt cap ! $33.73M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 37.5¢ | $43.37K | 108.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 986 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 21275 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| PPK (ASX) Chart |