SRS spicers limited
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pxupa very attractive, page-11

  1. 2ic
    5,923 Posts.
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    14/11/08
    16:07
    Post #: 4499784
    2% lower yield at current prices isn't it?

    Not paying interest is a last resort and PPX holders won't get dividends either but PPX is a business where profits can shrink and to stay solvent dividends are stopped to stay within interest-cover debt covenants. I'm not saying this will be the case. ALZ have a secure income stream in the Investment Trust that is pretty well guarenteed.
    SRS Price at posting: $1.30 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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