I guess we were all worn out by the previous burst of activity. I must say I am somewhat neutral about Penrice at the moment. They seem to be predicting a lacklustre first half due mainly to the maintenance shut down. I also think the rapid rise in the Aussie dollar is not going to help their case against imports nor help their exports of Bicarb of Soda.
Interesting announcement after the close of trading today where frustrated shareholder, London City, is seeking Court approval to inspect certain books of the company in advance of possibly bringing proceedings against the company. I can't recall seeing this being done before so it will be interesting to see how it goes.
GPASAS
PSH Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held