PSH 0.00% 4.9¢ penrice soda holdings limited

Ann: Appendix 4D Half Year Results Dec 2011 , page-6

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  1. 6,183 Posts.
    Jumbuk,
    Its hard to see what they can change. The fundamentals have been deteriorating since ICI sold the plant in the early 90's.
    Since then a string of owners have owned and sold the plant. Its problems of being energy intensive and an aging plant can't be changed. I doubt there are any cost cutting measures left.
    I think the Carbon Tax may be the final straw.

    I see PSH has now slipped under 10c. I expect it will stay in the 5 to 10c range for a few months.

    bacci
 
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