PPL 1 Year Chart |
This is very good news for the company after 11 million or so in costs is stripped out of the company for the restructure.
This is going to have a positive impact on the PPL share price.
I think there could be some more share price weakness when the 1st half result is out in March because it will be a big loss so patience again will be the key to getting a better deal here.
Of course the fortunes for the company will be better without the ongoing losses from the UK division and that will be cemented if their remaining Australasian stores start to perform better.
A bigger boost will come if dividends are reinstated. I doubt whether this will happen in the half-year result out in March and is more likely to come in the result out in October.
As I said above, be patient , the rise yesterday was on tiny volume so there will be more volatility in share price until some positive financial news comes out.
Good luck.
Disclosure I own PPL shares in the Share Investor Portfolio.
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