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5.0¢ pro-pac packaging limited

Ann: Suspension from Official Quotation, page-4

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Zahava

39 Posts.

6

31/08/22

12:58

Post #: 63432527
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Originally posted by bottomfeeder1: ↑

Well lets look at this.

They had $82m in debt
They sold one division for over $55m
They had debt of $21m at 30th June
They now need a $50m equity injection

This smells to me like the business has been trading insolvent for some time!

Major shareholders will step in on a massively dilutive basis and all the small investors are going to get hammered!

Expand

AFR article today suggests major shareholders are not willing to write any cheques - and the article's source is someone close to the business - ie leaked. Banks are not likely to rescue either.

Originally posted by bottomfeeder1: ↑

Well lets look at this.

They had $82m in debt
They sold one division for over $55m
They had debt of $21m at 30th June
They now need a $50m equity injection

This smells to me like the business has been trading insolvent for some time!

Major shareholders will step in on a massively dilutive basis and all the small investors are going to get hammered!

Expand

PPG Price at posting: 63.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $9.084M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$680	13.6K

Buyers (Bids)

No.	Vol.	Price($)
1	33555	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	236400	2

View Market Depth

No.	Vol.	Price($)
1	33555	0.044
2	96902	0.043
1	12500	0.042
1	100000	0.041
1	150000	0.026

Price($)	Vol.	No.
0.050	236400	2
0.060	58098	2
0.065	46152	1
0.070	5000	1
0.088	50000	1

Last trade - 15.00pm 02/10/2024 (20 minute delay)

PPG (ASX) Chart