I cannot see a blow out of futher losses occuring in this half .
Harry is under huge pressure to be absolutely diligent post Hastie and Toll downgrades .
The announcment from Harry and the board before the EGM was very clear , savings were ahead of budget , and since the EGM , Toby has also indicated that in a interview on Pro print
A thumping loss would be non disclosure in my view , I am actually expecting the half year to be a surprise to the upside , as they try keep shareholders away from the likely challenge of Andrew Price at the AGM .
The only hope they have for this to happen is to show the restructure is actually working , the profit returns, the SP goes up and there is no need for Andrew price to come in and save shareholders from them .
As I said in another post it seems everything Andrew Price was calling for is being undertaken despite Toby saying his thinking was old world.
Amazing how brands are being merged , Milton Keyes closed , and the HR and marketing are now being undertaken by the brands themselves and not at head office ......all things Mr price called for at the EGM .
Interesting times ahead , i think if the market was not down 80 , on Fridays after market news PPX would be over 8 today
SRS Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
