Paper is a low margin high volume business.
PPY was wise to move to veneer as it has a much higher value and is small volume....which should be a good fit with PPY.
What is worrying is the shift to a fibreboard R&D project of probable lower value without the veneer yet becoming a business.
It sounds as if the core veneer project has probably failed and this is Plan B. It may be too late.
panel test results, page-4
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $6.405M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $2.829K | 217.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 176922 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 132423 | 1 |
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| Last trade - 14.14pm 14/11/2024 (20 minute delay) ? |
| PPY (ASX) Chart |