GRB 8.16% 5.3¢ gage roads brewing co limited

Why I am buying more shares in Gage Roads, page-7

  1. 569 Posts.
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    The CFO told me they are also employing sales rep in Melbourne. I just checked my notes, and I wrote it in past tense, that is they have already employed sales reps in Sydney and Melbourne. If this has only happened recently, I won't expect to see much of an impact on the current financial year's results, but it is a step in the right direction.

    Something that I forgot to highlight in my original post, they have a few different initiatives to reduce costs which seem to be working. From the recent HY report "These results along with reduced third party logistics charges have provided a 21% improvement in
    the Company’s operating expenses."

    It appears to me that these cost reductions have really helped return GRB to profitability.

    The contract brewing division remains the red headed step child, but with the other sales areas up and costs down, the next quarterly results could be very good.
 
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