I have noticed a lot of people comment on the NZX chart without reference to the fact that most charting software doesn't take into account the 1 to 4 share split they did to increase the shares on issue. I think the company decided the psychological barrier of a high dollar price made it more illiquid.
So the value didn't actually drop, just the number of shares increased
PPH Price at posting:
$1.70 Sentiment: None Disclosure: Not Held