Definitely joewolf - the hybrid situation is a mess. The only slightly successful company of late is Elders - which had a similarly beaten down market cap and an 'icky' hybrid holders situation. Recently they've turned the business around, divested, and announced a break-even, which sent the shares from a low of 8c to a recent high of 26c.
I think if Andrew can come out with a similar result, showing that the restructure in Europe, as well as the newer packaging and signage businesses are performing well - and the company comes near to a break-even, then paperlinx can definitely lift of it's current lows between 3c- 4c.
Eventually they'll have to deal with the Hybrid holders - but it really doesn't look like its a near term issue. In some respects, it could even be seen as a blessing, given that the hybrids are preventing international vultures looking for a takeover.
Also more volume traded yesterday than the whole of July!
Obviously we won't know much until the results are out. But given what we've seen with Elders, it appears that some good numbers and a hint of optimism could possibly start the share price moving again. It looks like its found a support level, and I really can't imagine the share price could drop much further - not unless the numbers are terrible.
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