PXU paperlinx sps trust

Anyone got any idea where the buyers have gone? Noticed PPX has...

  1. Blues234
    462 Posts.
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    21/09/11
    13:58
    Post #: 8989434
    Anyone got any idea where the buyers have gone?

    Noticed PPX has been kicked off the ASX 300 and their net tangible assets per share down from 34c in 12/10 to 27c in 06/11. So theoretically we are still looking good for PXUPA @ $1 for up to 2 years.

    I guess a lot will bepend on whether they keep paying divis or if a buyback comes along. The latter makes heaps of sense to me with PXUPA @ $30.

    As an aside: Not sure why anyone would want to take this lot over anless they had extra products to put through the sales chain?
    PXU Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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