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Whether PPX returns to profitability in 2014 is highly debatable...

  1. markp1403
    10 Posts.
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    07/09/13
    19:17
    Post #: 12301220
    Whether PPX returns to profitability in 2014 is highly debatable given the results / structure in Europe.
    Moreover, what is being conveniently ignored is cash flow. This will come under serious pressure, given the sale of family silver (ie US operation), lease back of fixed assets and turning to factoring of debt. All points to serious flaws in working capital, and will be under scrutiny by existing suppliers - if they have not already reviewing credit facilities
    SRS Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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