>Amazing that he can forecast $61m in savings so adamantly now...

>Amazing that he can forecast $61m in savings so adamantly now to save his hide , yet at broker meetings and the AGM the focus was on the losses .


Would not call it a master stroke. More a case of too little too late. Typical of the current management. If Boon had communicated more effectively earlier and focussed more on cutting waste and excess costs earnestly since his appointment Price probably would not have challenged.

Andrew Price may have some of the deficiencies identified in the PPX Press Release but given his other strengths I am sure he could find others in the company to make good those gaps.

In regard to PXUPA I believe the market has focussed too much on the 'no divs until the banks agree' position. If PPX is turned around say within 24 months a patient investor could do very well out of PXUPA.