They mentioned in the presentation that the industry is consolidating. I am surprised that no-one has given a take over bid to management considering yowie is by far the fastest growing chocolate across the US. Adding a company that is growing revenues by 50% annually you would think would be a great addition to one of the major players. Currently valued at 29 mill US with 25.1 mill US cash in the bank, why wouldn’t a bigger player try to add yowie to their portfolio? Basically trading at 1 x revenue which is crazy for a growing company in this space.
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AGM Updates anyone?, page-38
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