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RE: [sharechat] Postie Plus Group

From:	"Peter F" <superslew@hotmail.com>
Date:	Tue, 10 Feb 2004 01:34:32 +0000

>                             These shares are now below issue price. Does
>anyone see an improvement in  the PPG share price down the track, or should
>I, as a small shareholder cut my losses now?
>

Good question.

When they were at 1.08 and using their forecast I calculated PPG having a PE 
of 8; thus a good buy.

Maybe something went wrong with their expansion strategy and they have 
trouble reaching their forecast?

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