thanks @thecapitalist. I made a small profit. I held through the symex/pental restructure, traded a bit, options etc. but it hurt to give back most of the gains I was sitting on. in fairness the dividends have helped make it worthwhile.
I kept thinking someone might want to take them over and I could see they traded on a low pe compared to similar bigger businesses. but you are right they are so dependent on the supermarkets and the margin compression, as you say. is such a significant problem.
I hear you re reasons for sp holding up so well. volume has been tiny over last couple of days. impossible for decent sized holder to get out at the moment I guess.
I will continue to buy the soap and hope that pental hangs in there. the chinese expansion is interesting and I hope they can pull that off. not many of these sorts of businesses left in australia.
PTL Price at posting:
53.0¢ Sentiment: None Disclosure: Not Held
