Recent announcements have been a little positive, and the...

Recent announcements have been a little positive, and the temporary jump above $0.40 was nice.

I am waiting for the turn around in fundamentals. It'll be good when we see a quarter with rising NPAT and no write-downs. Rising NPAT would be the kicker to get us moving towards net assets at least.

That was my experience with TCQ, they started moving quickly towards NTA soon after the write-downs stopped and the business became more stable. The businesses are very different, but I think the general idea will still apply to PBP, mainly because of investor confidence...

TCQ made me 100-200% profit, I expect the same thing to happen with PBP but with upside on the lower end, maybe 100%. When the bad news stops is when management have time to get things running well again and for the trend to change.