Would make a lot of sense if it's AWE buying.As TUI operator,...

Would make a lot of sense if it's AWE buying.

As TUI operator, they know what assets PPP has. Maybe they had to wait for the NZO announcement or risk insider trading. AWE is cashed up big time and a scrip bid is going to bulk them up to something massive if successful.

PPP assets at the moment probably $160 million cash plus 10% of TUI $10-$200m. $260m to $360m of assets on 600 million shares = 40c to 60c but 32- 40c wouldn't be a bad exit in this market.