I can't explain, but I can speculate 3 possibilities.1....

I can't explain, but I can speculate 3 possibilities.

1. Extremely tight labour market here has led to the possibility of less demand for PPE services (numbers don't show that yet though from my brief look at recent releases).

2. Increasing interest rates leading to less demand (opposite to the above scenario - so how is that affecting the market?)

3. The government trying to push through new labour laws which makes temp contracts much more difficult for companies.

I do know for a fact that some funds have been reducing their weightings with PPE, so that is definitely playing a role in the SP decrease. It's not being shorted though, so that can be dismissed as a reason.

I like the fundamentals but only have a very small position. Just waiting for the half yearly numbers or a 'convincing' move up on the SP to indicate we have have seen a bottom. Today was a start - perhaps $1.50 was it? The dividend is certainly attractive if that continues!