why ppx is unloved?

Top 20 hold 80% shares, Orbis and Schroder Investment Management keep buying.

Director recently bought 215,000 at 44.5c on the market.

Net tangible asset per share is 34c, would be around 31c as a result of the 2011 fully year loss.

Largest debt has been extended from 2012 to September 2013, there is no insolvency issue.

Gross sale is $4b and gross margin improved to 19.6%, the only big trouble is rising Aussie dollar which should be heading south now.

Gross debt reduced from $530m to $330m now, net debt is $200m. Cash at hand is $130m.