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Ann: PPL announces sale of its media trading business unit, page-5

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  1. jamwolf
    5,217 Posts.
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    05/10/18
    10:47
    Post #: 36008963
    It was a sale to a major shareholder at 0.4x current year cashflow. Fishy.

    They currently have negative net current assets. How does a deal like this possibly help?

    Potentially the shares are very cheap, or very bust.
    PPL Price at posting: 12.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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