oyster, you may be right re PPT, but it does seem like it is...

oyster, you may be right re PPT, but it does seem like it is dressing itself up for PE, by doing all the things PE would do, but doing it itself. Undressing itself, if you will. PPT is making 580 of 1380 staff redundant- pretty amazing. The non-compete clause with Mr Sevior also finishes in the latter half of this year, and PPT figures more funds will disappear with that. Dividends look to be 3.5c this year and beyond, as the company needs $70m to restructure. Tis is why I reckon it is becoming a skeleton- so that PE can pick up the name only, and start again. PPT is going to get a lot cheaper, in my view. So it should, too- it is a shadow of its former self. As with DJS, the market may push the SP of PPT down, so that the dividend yield is a better one. The rumour was for a $30 takeover from PE. The way PPT is going, PE could probably offer less, and fatigued holders would accept it- almost in lieu of the ever-diminishing dividend.