Ann: Appendix 4C - quarterly and Progress Report , page-2

re: Ann: Appendix 4C - quarterly and Progress... I sold half of my holding a few weeks back as I felt the numbers needed to be great to justify the 18.5c share price...
and based on yesterdays numbers Ive sold the remaining holding.

Whilst the growth is there, and I expect it to continue - it is already priced in, in my view...

A few other warning signs for me:
- drop in woolies brand sales (I concede this was explained, but it is there nonetheless).
- complete brand refresh. Why?? Whats wrong with the current branding?? Are they worried?? losing market share? Competitors applying pressue???? Might not be an isssue but its something to consider...

All that aside I still love the beer and will continue to be my BOC (beer of choice) when purchasing from BWS or dan murphy's.

Good luck to holders.