any news on PPG?, page-3

Its a combination of the negative impact of the drought on an important sector of their packaging business, with no end in sight to the drought, the low AUD ( = higher resin import costs) and the AUD may go lower ( possibly if Labor wins), high energy costs which have been mentioned, market concern that the dividend will be reduced or non-existent for a while ( one or other is likely I think) and no CEO on board at present (market perceives some disarray although the Chairman seems on top of things and is a very major supportive shareholder). I have substantially reduced my holding this past week or so ... a pity really as I have been a long term holder and the dividend yield has previously been very good, but unfortunately due these various factors I felt it wise to reduce my exposure significantly