Not surprising their is a lot of selling with the planned PIGS...

  1. 5,980 Posts.
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    Not surprising their is a lot of selling with the planned PIGS webinar and the forecast of a very poor 2013 result due out some time in August

    What is a big surprise to me is that with all this negativity around , and PPX going 5 seller , is that someone stepped up to buy so many shares off the sellers

    Almost 1.5% of the company is a big gamble on PPX with such low expectations out there about the upcoming result

    Is it a case of following the money in , and buying more or is it time to buy a few more Hybrids on the hope PIGS will finally get the PPX board to make an offer to note holders that is acceptable .

    With this big line of selling continung Todays PPX/ PXUPA ratio is back to closer to 150 for 1 again .

    Be very interessing to see the result and the trustees valuation of the hybrids , has there been a date set for the result release as yet ? ''

    I Disclose I sold a few shares and bought a few notes since my last PPX front and meeting up with one of the PIGS committee
 
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