I agree the PXUPA are almost certain to be without income under the current board till at the earliest June 2014.
That said PPX if this board holds on seem confident of returning to ebit as early as the 2nd half 2012, which seems amazing gievn the SP
My thinking is if Andrew price can get in there sooner rather than later this can be accelerated , and the turnaround would be visible sooner and SP rally hard.
l cannot undertand why little reference was made to the board spill, or the takeover offer in the presentaions today .
Mr market seems to have taken a ho hum stance with turnover lower than in the last week ,and the share price steady at 10c
Now the half year is out will we see the current board take the strategic step of buying on market to fit with the board manadate for directors to hold a number of shares equivalent to their salary .
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I agree the PXUPA are almost certain to be without income under...
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