ppx is getting hammered this morning. pxupa looks to be potentially on the down too if prices meet demand.
paperlinx net asset position has worsened, cash burn $60m, but still this has always been a turnaround. and a few years at that. you cant turn around a company in 3months! =) great to target profitability already in fy14.
dissapointing not to hear from andrew price at all? executive director should probaly have made a comment re: turnaround status and tasks at hand.
[disclosure: i hold pxupa only]
SRS Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held