ATOM Holding4 Oct 2022 11:34
As its clear ATOM holding is not adding any benefit to PPC/MAN MC, I think PL should sell off most, if not all, of ATOM holding and use the proceeds to reduce debt level. At least then this will create some value against the current MC, otherwise not sure on the benefit of holding a listed company within the holding company - get rid I say. If we want to have exposure, we can always buy directly into Atom listing!
Shocking that when taking off ATOM holding from PPC/MAN's MC, it is now worth less than £10m! Turnover just for Argentina was forecast to reach over $40m this year! Doesn't make sense, but PL has fully lost investors confidence and he needs to start announcing some updates that are positive for a change and be clear about his comms, as there has been a few vague statements recently that appear to be manageable at first, then truth comes out e.g. Fire disruption/USA back on line/Paraguay timing! No mention of the farm out update for Q4 - what's happening here?
So much for the change in number of shares in circulation, the price continues to drop regardless!
Positive news Peter please...