SRS spicers limited
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So the board is in discussion with the PXUPA Trust for a merger...

  1. kommissarrax
    28 Posts.
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    21/08/13
    11:19
    Post #: 12222656
    So the board is in discussion with the PXUPA Trust for a merger - the same board that just signed off on the following being a true and fair view:

    Total equity to ordinary shareholders $85.2m
    PaperlinX step-up pref securities $276.5m

    Assuming the trustee has read the accounts and acts responsibly, then this should be a quick negotiation.

    Disclosure: I hold both but the value is in PXUPA (PPX holding is insurance in case the watchdogs aren't paying attention).
    SRS Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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