Well u need to put this into the context of the realistic challenges an Austalian entity might face doiing business in the Philippenes
1. Its not easy at the the beat of times
2. Not many Ozzy companies has succeeded trying to run their main enterprise located off shore - yes we now have zoom and all the other great wizz bang communications & collaborative tools but its always good to have the regular face to face contact . Covid is gunna make that difficult
3. I've noticed over the years that PIL have poor track record of follow up and follow through on a number of things / initiatives etc they have announced
4. Similarly they concentrate of Spin with their a lot of their announcements ..... take the announcement in June last year - they sruiked the size of the rencyue as being 40 % up on the prior period ...or what ever ( in actual fact the earning from the Philippenes were about 50 % less )
5. So how in the heck can you really trust what they say ???
4. So I guess you gotta sake yourself ...... are PIL ever gunna get this right ???
Love to hear other comments from people who actually think !!!
PIL Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
