Wolfee, Thank you first, learnt a lot from you. But I still confused by 2 questions (I searched but couldn't find the answer):
1. According to the article released 20/04/2018, "
Clover also supplies most of the world’s infant formula makers with its niche product. Management has expanded the company’s client base from five to 50, so it doesn’t have to pick winners.
Having said that, one customer still accounts for 30 percent of revenue and four other customers speak for another 40 percent"
do you know who are the 5 customers? I think Fonterra is one of them.
2. the other question I'd like to consult is" who are the competitors in AU and NZ?"
I think its necessary to find out the answer for long term investors like you and me.
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