Some trivia...In October 08 PPX raised $185M by way of rights...

Some trivia...In October 08 PPX raised $185M by way of rights issues @ $1.25 / share. Approx shares issued 150m added to the then volume of circa 450m. The then market cap @ $1.75 was about $790M. Todays closing market cap @ $256M...you have to wonder what incredible events has occured in not much more than say 90 days????

I think currency markets are a friend and the proceeds were headed for debt reduction. AXA continue to exit...some fund managers continue to accumulate...see subtantial holder notices.

Recent anal retentive document ex NAB (see announcement Dec 19) probably hasn't helped. I would reasonably expect an update (if not notice of resolution) in the very immediate future...the market does not IMHO like to be left wondering...

Burnett, history would suggest they'll report around 23 Feb. Last interim dividend ex dividend 5 March 08, payable 4 April 08. I haven't seen any advice re current years dividend policy...

Cheers

DYOR