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8.16%

5.3¢ gage roads brewing co limited

Ann: H1 Progress Update - Investor Presentation, page-14

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pist87

851 Posts.

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21/04/17

19:12

Post #: 24202962
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Originally posted by bystander01 ↑

Little Creatures was sold at 23x P/E for $380m.
http://www.news.com.au/finance/smal...m/news-story/7014797b06a214133044cda501f913a7

It's a long way for GRB to climb, but not impossible over a few years.
Market penetration of their brands has stepped up significantly recently on the East coast, and the forthcoming quarterly will hopefully show a substantial financial upswing on the back of that.
You need to get the product in front of the punters before you can sell it.
I think they offer a quality product, with the potential for good margins, and a big opportunity to grow their market share, so I am backing them at least long enough to see if the strategy is working or not.

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Thanks for that.

Conflicting pieces. This suggests $256m

http://www.theaustralian.com.au/bus...s/news-story/78caad91e8c88ca55d7ebc6d4f089ab1

I agree with you re: product quality. They also have some good people there now, ex-LWB. Next 4c will be certainly interesting.

GRB Price at posting: 3.9¢ Sentiment: None Disclosure: Not Held
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