Overpromised - underdeliveredManagement overpromised and underdelivered on the split. This is a serious corporate mistake since investors lose confidence and trust in the competency and credibility of management/company. Competent completion of the split should help - hopefully the two companies will report in US$ (avoid messy forex distortions) and Apparo will consolidate its shares (1 for 10?). But, more importantly, management has turned around the operations and the current share price is too low - if it does not improve substantially, PHM will become an easy takeover target.