Re: PPX - Paperlinx Limited
It appears the market is reacting positively to the UK and parts of the European arm going into administration.
It seems there is no recourse on the profitable Australian business.
I wonder where this stock lands in the coming months?
Down to 17.5c, yet NTA of ~ 45c.
Positive comparisons on this time last year, and prospects look reasonable with solid pipeline and diversifciation overseas, yet the stock continues to drop.
Anyone have any thoughts on this stock?
Re: PPX - Paperlinx Limited
Cheers, Piggybank.
I don't think there's any value in PPX, but could be in PXUPA if they can get sell their European assets for something. By the looks of their CEO appointment they will be looking to sell as much of their overseas operations as possible...
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