Toby has stated in the press the cost savings from Australia look like they may be better than anticipated and there has been no added profit warning since the EGM .
PXUPA getting sold down heavily making a buy back of that intrument cheaper by the day , tax sellers might hurt it even nore in June .
i thought about buying some at $10 but think tax selling might send it lower , my thiking is if you paid $100 and sell at say $10 , at least you get a tax deduction for $90 , even at 30c in the dollar , thats equivalent to a $37 share price , somehting I cannot forsee under the Boon/ Marchant led revival
The lower pxupa go the better for a restructure on PPX somaybe ill just stick to PPX
Would appreciate comments on why my tax selling thinking might be flawed as 9.75 now is looking even cheaper .
SRS Price at posting:
7.7¢ Sentiment: None Disclosure: Held