Citi brokers have a different report on PBG, value it at 80c and...

Citi brokers have a different report on PBG, value it at 80c and reitered a buy.Citi rated probability of 50% to pay down debts, 30% equity raising and 20% it may go bust.

Agreed with drum, it is a writing off of intangibles which value is books only and prudent to do so.I am more disppointed with the implied 3c dividends though as capital initiatives to be introduced by management. If they had no intention of paying dividends, then they should not even have mentioned it.Except for jobs situation, a move to buy overseas will improved the profitability. However I am willing to pay a bit more for my textile products to see that the jobs are saved.The government will have toplay its part if they wanted the jobs saved.