PSH 0.00% 4.9¢ penrice soda holdings limited

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  1. 4,503 Posts.
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    Simply put

    The only reason to buy would be that in normal market conditions with the AUD USD exchange rate at below 90c they can make anything between $5m to $8m after tax. On a market cap of around $40m thats a PE of between 5 and 8.

    There are risks and if you look at the banter that has been going on you will see some of these issues.

    It has over-promised and under delivered and had a shareholder attempt to change the board (failed) the new Chairman I rate etc etc.

    I do think its bottomed but I dont personally see it trading up too much until the matter of trust is resolved.

    Only hold very small amount to be on register
 
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