Good to see the Canadian business is now trading as Spicers...

Good to see the Canadian business is now trading as Spicers paper from Feb 1 2012 . The article I read said three different buinesses have been consolidated in to one giving solid savings on rentals , admin , travel and sales costs.

The canadian business was reported to have 600 staff accross the three seperate businesses , and will minimise retrenchments other than 10 sales staff that are doubled up , ie approx $1m saving, however other savings wont be so rapid , with a slow reduction in staff being more likely as the synergies off consolidation become evident , which should see at least another 30 staff reduced as resignations and retirments are not replaced , and the fixed expenses come down , potentially saving another $4-5m on an annual basis from Canada alone .

$b revenue accross the 30 countries only needs to see 1-2 % overall reduction in costs and the losses are gone, zand once again profits can recommence

I think Mr Price sees this opportunity , and can speed up the recovery , and be the savior , as such he has bought 5.8m shares as per his disclosure prior to putting up his hand, and maybe more in the last week

I think Mr Boon doesnt want to hand over because he is actually confident of the work they have done to date and wants to see it through

Mr price sold his business to Toll holdings , Mr Boon is a current director of Toll , the plot thickens , but in my opinion the games are just beginning .

I am most pleased the slow recovery in the SP is making the likelihood of 9c offer from PE getting any further coverage , as imo it was insufficient on day 1 .

I wouldnt be surprised to see the board come out with strong statements of all the hard yards they have done over the last 6 months , and express confidence in the team when they put out the financials in the next few days .

As the sellers thin be good to see a solid move past the 9c PE mark soooner than later .

Disapointing so many shareholders sold today when clearly so many parties want to be involved in what could be one of the great turnarounds if managed properly .

The question is , who is best to do that ?