Aeon Investment Management as a shareholder in PPC was highly interested in the offers by three potential buyers in the cement maker company. The outlook presented to the shareholders by PPC management on its improved liquidity was a welcome announcement.  This article by Karl Gernetzky is worth a look.

Cement maker PPC presented its outlook to investors on Friday, saying it reduced its capital expenditure guidance for the next two years, a move analysts said could help assuage fears about its liquidity position.

PPC, which is being pursued by three potential suitors, said it would cut capex by between 16% and 35% until 2019 and would now focus on bringing its other investments in the rest of Africa into operation.

Read more on PPC in Business Day article...