broker target after 13/5, page-4

Thanks accaeric for your helpful info.

some would say, even more helpful than some brokers.

there seems to be a range of issues that ppx has been/is/will be facing. the industry itself is in a mess and there are a great deal of variables that take control out of managements hands.

that said, its obvious management are on the right path, infact the only path, reduce overheads and debts levels.

i doubt ppx will be forced into administration, but fear what lies ahead with the writedowns and impact that will have on profits. however, it does seem that the worst of the news is just about out and with one or two more negative data releases, the future looks a little more certain.

i feel for all the investors that were in this stock for some time, as the sp has really been knocked. sometimes you just dont know when to pick the bottom, but if you know the story well enough and can make calculated risks, averaging down might be a good way to reduce losses. but that entirely depends on the individuals circumstance.

this stock has definitely seen some bad days, but management seem to be heading in the right direction for a profit by next year.

broker recommendations mean little these days. we really need to investigate the data ourselves.

i think this baby might come good within time and hope that the long term investors get paid off.

cheers to all