Australia's largest stock trading and investment forum Australia's #1 stock forum

PPK

Click for more information

4.17%

46.0¢ ppk group limited

Ann: Market update presentation, page-122

First 122 Last

Share
Profile

Follow
Tradingday

1,722 Posts.

292

12/05/22

08:21

Post #: 61356617
Share

Originally posted by Maxxw: ↑

this is part of my research.

i noted previously the mining company previously had a significantly large value, now it’s only valued in at 16 million with significant liabilities of leases and current/future. They are purchasing a distressed asset with debt.

I note that the previous FY reports and the expectations outlined do not seem to have been met for the mining sector.

My research points to the director resigning from PPK to run mining will quickly offer to purchase all the shares.

I am trying to piece together if there was something at play here…..
was the initial price that PPK tried to sell the mining business for, too High and this turned away buyers.
Would they have considered it at the market value PPK has listed in the demerger notice. where did this value come from ?
how come it has not performed as promised and the director in charge has been allowed to become the director in the new company.

so many questions about this, purely from the speculative point of view

Expand

What is your 'significantly large value' you state and whats your reference point. Its like albo trying to talk about the cash rate, we need more detail.

PPK Price at posting: $3.40 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

OPL

Opyl forms JV with UK and US consortium to bring products to the world

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

There are more pages in this discussion • 40 more messages in this thread...

First 122 Last

Add PPK (ASX) to my watchlist

(20min delay)
Last 46.0¢		Change -0.020(4.17%)		Mkt cap ! $41.38M

Open	High	Low	Value	Volume
49.0¢	49.0¢	45.5¢	$6.04K	13.07K

Buyers (Bids)

No.	Vol.	Price($)
1	4065	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.0¢	9300	1

View Market Depth

No.	Vol.	Price($)
1	4065	0.460
1	531	0.455
2	31200	0.450
2	3682	0.440
1	2200	0.435

Price($)	Vol.	No.
0.480	9300	1
0.495	25000	1
0.500	25000	1
0.550	2083	1
0.570	2452	1

Last trade - 16.10pm 24/07/2024 (20 minute delay)

PPK (ASX) Chart

SPONSORED BY