I bought a carton of Little Dove at the Dan Muphys outlet in Bendigo last week.
A very nice drop.
And I followed on and bought some GRB shares.
Fairly simplistic grass roots analysis / research.
But prior to this I had also looked at their fundamentals.
Their balance sheet looks ok,
as does their plant and equipment.
Ability to increase production.
Management ok and experienced, but have been floundering with
unprofitable contract brewing mainly with Woolworths which has now basically ceased
(Some level of this is still ok to generate cash flow and use under-utilised plant.)
But management are now on what I believe is the right track, concentrating on higher margin own brands.
They are currently a pretty much unloved company....(penny dreadful)
But I believe this is about to change.
From general comments in the press.
The whole boutique/ craft beer sector appears to be doing very well.
The trendy "in thing."
And with Little Dove recently being awarded "Beer of the Year",
GRB are in a very good space in general, with a other good products
in their mix.
And as has been mentioned on these threads,
it will be interesting to see their post Christmas
results when they next report.
